Industry personnel news from First American, Panorama Mortgage Group, Class Valuation, Truework, Westcor, Click n’ Close, Longbridge Financial, Citywide Home Mortgage and CMG Home Loans.
Category: News and Trends
Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 8.5% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 11, 2025.
Mortgage Companies Face Unique TPRM Challenges in Vendor-Heavy Landscape
Third-party relationships have become a business necessity across the mortgage industry. They’re also a potential minefield of regulatory scrutiny and cybersecurity threats, Ncontracts’ Rafael DeLeon writes.
LightBox: CRE Index Posts Strongest Reading Since 2022, but Outlook Uncertain
LightBox, New York, reported its Commercial Real Estate Activity Index rose sharply in March to 104.4, the highest level since June 2022 and only the second triple-digit reading in nearly three years.
Redfin: Gap Between Income Needed for Buying vs. Renting Widens
Redfin, Seattle, found that Americans need to earn $116,633 per year to afford the median priced home for sale, compared with $64,160 needed to afford the typical apartment for rent.
ATTOM: U.S. Foreclosure Activity Up in Q1
ATTOM, Irvine, Calif., reported that there were 93,953 U.S. properties with a foreclosure filing in Q1, up 11% from Q4 2024, but down 2% from last year’s first quarter.
Adding Value: Becoming an Appraisal Expert
Appraisal accuracy is under the microscope as people grow increasingly interested in how much their house is worth, writes Enact’s Mary Kay Scully
MBA Statement on FHA’s Adoption of New Loss Mitigation Safeguards
MBA’s President and CEO Bob Broeksmit, CMB, released a statement on the Federal Housing Administration’s (FHA) adoption of new loss mitigation safeguards.
April 17–The New Administration’s First 100 Days, A Town Hall with MBA Leadership
Please join MBA leadership April 17, 2025 from 3:00 PM-3:30 PM ET for a webinar covering the first 100 days of the Trump administration.
Quote of the Day
“MBA welcomes FHA’s adoption of a new, permanent loss mitigation framework, which will help evaluate performance and ensure the protection of the Mutual Mortgage Insurance (MMI) fund.”
–MBA’s President and CEO Bob Broeksmit, CMB