Industry news from Volly, Gateless, Class Valuation, Argyle, PHH Mortgage, MeridianLink, FICO, Merchants Bank, Clarifire, First Community Mortgage and Blue Sage.
Category: News and Trends
Advocacy Update: House Passes MBA-Supported Trigger Leads Bill; Senate Reconciliation Update; HUD Mortgagee Letters; more
This week’s top legislative and policy news from the Mortgage Bankers Association.
Quote of the Day
“If market conditions continue to challenge sellers, risks like misrepresented down payments, inflated prices and straw buyers could increase dramatically.”
–Matt Seguin, senior principal of fraud solutions with Cotality
Dealmaker: FHLBank San Francisco Invests $53M to Preserve San Francisco Affordable Housing
The Federal Home Loan Bank of San Francisco invested $52.6 million in a Fannie Mae bond issuance that will support the continuing affordability of 230 housing units for very low-income residents living near San Francisco’s Fisherman’s Wharf.
MBA Opens Doors Foundation Raises $321,000 at MBA’s 2025 Chairman’s Conference
The MBA Opens Doors Foundation announced that it raised $321,000 at its annual MBA Opens Doors Foundation Annual Charity Wine Auction during MBA’s Chairman’s Conference in Sea Island, Ga.
Premier Member Editorial: The Compliance Gap Is Growing, and Servicers Can’t Afford to Fall In
During the pandemic, federal regulators led the charge on borrower protections. Now that they are stepping aside, servicers are navigating a fractured regulatory landscape with little federal guidance, Covius’ Jennifer Keys writes.
ICE First Look: Delinquencies Steady in May but Trending Higher Annually
ICE Mortgage Technology, Atlanta, released its May 2025 First Look, finding that the national delinquency rate fell 2 basis points to 3.2% in May. However, it’s up 16 basis points from May 2024.
People in the News, June 30, 2025
Industry personnel news from Sagent, ServiceLink and Click n’ Close.
Quote of the Day
“The necessity to create a viable, consistent and nationwide strategy for promoting the development and financing of more housing units for middle-income families is increasing every day.”
–Daron Tubian, Head of Affordable Housing Investments at Barings and 2024 Chair of MBA’s Affordable Rental Housing Advisory Council
MISMO Publishes Standard Enabling Secure and Verifiable Exchange of Security Instrument Information
MISMO, the real estate finance industry’s standards organization, announced a new standard that works to restore trust in security instrument data and reduces the financial burden of onerous verification requirements.