Broeksmit Addresses Tri-Merge Requirement in Wall Street Journal Letter to the Editor
The Wall Street Journal published a letter to the editor Wednesday from Mortgage Bankers Association President and CEO Robert Broeksmit, CMB, on the subject of letting mortgage lenders underwrite some loans based on a single credit report.
Jobs Increase by 178,000 in March; MBA Economist Weighs In
Total nonfarm payroll employment increased by 178,000 in March, the Bureau of Labor Statistics reported.
VantageScore CreditGauge: Average Score Increases to 701 as Lenders Boost New Credit
Lenders shrugged off macroeconomic headwinds and increased their new credit accounts to top-tier consumers, according to the latest VantageScore CreditGauge report.
MBA Premier Member Q&A: Cotality’s Shawn Telford on Collateral-Related Loan Defects
At the end of last year, Fannie Mae warned lenders about collateral-related loan defects that should have been detected in appraisal reviews. MBA NewsLink sat down with Shawn Telford, chief valuation officer at Cotality, to discuss the GSE’s concerns and what the industry should be doing to address them.
ICE Mortgage Monitor: Early Spring Housing Market Shows Firmer Prices Amid Affordability Reset, Inventory Growth
The spring housing market began on stronger footing, buoyed by improved affordability and slowly rebuilding inventory despite the recent uptick in interest rates, according to the latest ICE Mortgage Monitor report.
Empty-Nest Boomers Own 28% of Large Homes; Millennials Own Just 16%, Redfin Reports
Empty-nest Baby Boomers own nearly twice as many U.S. homes with three or more bedrooms as Millennial families do, according to a new report from Redfin, Seattle.
ALTA Study Highlights Complexity of Title Production
The American Land Title Association, Washington, D.C., released a new survey of title professionals finding that more than 80% of real estate purchase transactions require reviewing at least 11 documents.
