As part of our 2022 State of Marketing Compliance Report, we surveyed mortgage compliance leaders on their organizations’ marketing compliance practices for insights into trend information on the depth of compliance programs, concerns and challenges. Here are the top trends and stats that mortgage companies should know in 2022.
Category: News and Trends
(Mortgage M&A Trends) Paul Anselmo: Pandemic’s Impact on Digital Processes is Fueling M&A
For nearly two decades, creating a completely digital process from application to the secondary market has been one of the mortgage industry’s greatest, most exciting and most difficult challenges. The eMortgage remains an elusive goal—but today we’re closer to it than ever.
Kimberly Boatwright of Ncontracts: 4 Key Stages of Annual HMDA Data Lifecycle
During this time of the year, one area of compliance stands out as a focal point: HMDA.
Chad Whittenberg of Equifax: Providing First-Time Homebuyers With An Optimal Lending Experience
Whether verification of income, employment or assets; or payment histories tied to rent rolls and utilities like mobile phone service; by incorporating these additional data sets into the loan decisioning process, lenders gain a deeper understanding of the borrowers they serve.
Tester, Tillis Introduce LIBOR ‘Tough Legacy’ Bill; MBA, Trade Groups Urge Senate Support
Sens. Jon Tester, D-Mont., and Thom Tillis, R-N.C., yesterday introduced a bill that addresses “tough legacy” contracts that currently reference LIBOR. The Mortgage Bankers Association and more than two dozen industry trade groups sent a letter to Senate leadership in support of the bill.
Regulators, MBA Urge Cybersecurity Vigilance as Worldwide Tensions Escalate
As the Russian invasion of Ukraine escalates and governments worldwide impose economic sanctions, financial regulators have begun to issue guidance in anticipation of potentially heightened cybersecurity attacks and virtual currency disruptions.
ATTOM: 4Q Lending Falls at Fastest Pace in 3 Years
ATTOM, Irvine, Calif., said mortgage lending across the U.S. fell in the fourth quarter, marking the third straight quarterly decrease and at the fastest pace since 2019.
Homeowner Tenure Flattens After 10-Year Rise
The typical American homeowner in 2021 had spent 13.2 years in their home, down slightly from the peak of 13.5 years in 2020 but up significantly from 10.1 years in 2012, said Redfin, Seattle.
Commercial Property Prices Reach New Highs
Real Capital Analytics, New York, reported U.S. commercial property price growth continued to appreciate at a double-digit pace in January.
Dealmaker: Marcus & Millichap Brokers $61M in Property Sales
Marcus & Millichap, Calabasas, Calif., sold a hotel and two multifamily properties in transactions totaling $60.6 million.