It’s already been a busy week for housing industry reports–and it’s only Wednesday! Here’s a quick summary of some of those coming across the NewsLink desk.
Category: News and Trends
MBA Honors Felecia Bowers with 2021 Ken Markison Legacy Achievement Award
The Mortgage Bankers Association presented its annual Ken Markison Legacy Achievement Award to Felecia Bowers of Homeowners Financial Group USA.
CoreLogic: June Foreclosure Inventory Rate Lowest in Two Decades
CoreLogic, Irvine, Calif., said 4.4% of all mortgages in the U.S. were in some stage of delinquency in June, a 2.7-percentage point decrease in delinquency from a year ago but above the February 2020 pre-pandemic rate of 3.6%.
Broeksmit: MBA Focused on Regulatory Issues
WASHINGTON—Mortgage Bankers Association President & CEO Robert Broeksmit, CMB, told attendees here at the MBA Regulatory Compliance Conference as Congress and the Biden Administration put plans into shape, the Association will continue to seek balance and advocate for the real estate finance industry.
Quote
“The suspensions will eliminate several market and pricing disruptions caused by these caps that were harming lenders and borrowers alike and pave the way to restore appropriate regulatory authority to the FHFA. MBA looks forward to working with Treasury, FHFA and all other stakeholders on these and other ways to protect consumers and strengthen the mortgage market.”
–MBA President & CEO Robert Broeksmit, CMB.
MBA: Commercial, Multifamily Delinquencies Continue Downward Trend
Delinquency rates of mortgages backed by commercial and multifamily properties have broadly improved in recent months, according to two new Mortgage Bankers Association reports.
MISMO Issues Call for Participants for New Workgroup Focused on Creating Business Reference Architecture
MISMO Workgroup Will Create Blueprint for Deploying MISMO Standards In Order to Maximize Efficiencies and Streamline Implementation
Share of Mortgage Loans in Forbearance Drops to 3.08%
Forbearance exits saw their fastest pace since March, the Mortgage Bankers Association reported Monday afternoon in its weekly Forbearance and Call Volume Survey.
Sponsored Content from WFG: MBA Reports of Falling Per-Loan Profits Prompt Calls for Greater Efficiencies
On Aug. 30, Mortgage Professional America reported “Independent mortgage banks and mortgage subsidiaries of chartered banks reported hefty declines in their profit in the second quarter of 2021.”
Joe Puthur of Mortgage Coach: Fair Lending Compliance is a Competitive Advantage
Strengthening mortgage accessibility industry-wide is not a burden, but an opportunity that should be embraced. Every qualified loan is good business and new affordability goals and programs instantly broaden the marketplace of eligible buyers.