Mortgage delinquency and foreclosure rates fell in the third quarter, the Mortgage Bankers Association reported Tuesday in its quarterly National Delinquency Survey.
Category: News and Trends
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“With forbearance plans still active and foreclosure moratoriums in place until at least the end of the year, many borrowers experiencing longer-term distress will remain in this delinquency category until a loss mitigation resolution is available.”
–MBA Vice President of Industry Analysis Marina Walsh, CMB.
MBA: Mortgage Delinquencies Decrease in 3Q
Mortgage delinquency and foreclosure rates fell in the third quarter, the Mortgage Bankers Association reported today in its quarterly National Delinquency Survey.
MISMO Appoints Seth Appleton as President
MISMO® announced today it appointed Seth Appleton as its new president. Appleton currently serves as Assistant Secretary of Policy Development and Research with HUD and as Principal Executive Vice President of Ginnie Mae.
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“The goal of this campaign is simple: Make sure borrowers facing COVID-19-related financial hardships know that help is available, but that they have to call – call their servicer, call a HUD-approved housing counselor, but please call.”
–MBA President & CEO Bob Broeksmit, CMB, announcing launch of the ‘Not Ok? That’s Ok’ Borrower Awareness Campaign.
Broeksmit: ‘MBA Was Made for Times of Crisis’
In remarks this week during the Mortgage Bankers Association’s virtual Regulatory Compliance Conference, MBA President & CEO Robert Broeksmit, CMB, said the extraordinary events of 2020 have tested everyone’s mettle—including that of MBA.
Sponsored Content from Nationwide Title Clearing: Making a Sale or Partnering?
Selling and delivering as a business partner in today’s market, with Nationwide Title Clearing VP of Sales & Marketing, Danny Byrnes.
Trevor Gauthier of ACES Quality Management on Early Payment Defaults
Trevor Gauthier is CEO of ACES Quality Management, formerly known as ACES Risk Management (ARMCO). He has more than 20 years of executive experience in leading growth initiatives for tech organizations and building teams both organically and through acquisition.
Jennifer Henry: Reducing Risk and Increasing Efficiency for Digital Mortgages with Third-Party Verifications
The digitization process has accelerated as mortgage professionals seek ways to efficiently meet the high demand for both purchase and refinance applications.
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“While the steady return to normal pre-pandemic routines brings a sense of optimism, the economic impact of COVID-19 will have a lingering effect, particularly on renters who owe back rent and were protected by eviction moratoriums. We found that there is likely enough rental assistance available, and the deployment and accessibility of these funds is vital to supporting renters and property owners in need as the country transitions to a post-pandemic normal.”
–Corey Aber, Freddie Mac Senior Director of Mission, Policy and Strategy.