ACES Quality Management, Denver, saw the overall critical defect rate for Q4 2024 drop to 1.16%, the second lowest level since ACES began compiling the report.
Category: News and Trends
MBA Premier Member Editorial: Why Coverage Rate isn’t the Primary Success Metric for Income Verification
Look at the completion rate rather than the coverage rate to lower verification costs, Truework Co-Founder and General manager Ethan Winchell writes.
MISMO Publishes Enhanced Reference Models
MISMO, the real estate finance industry’s standards organization, announced that enhancements to the MISMO Version 3.6 Reference Model and the new MISMO Version 3.6.1 Reference Model have reached “Candidate Recommendation” status, which means that they have been thoroughly reviewed by a wide range of organizations and industry participants and are available for industry use.
Cotality: Single-Family Rents Up 2.9% in March
Cotality, Irvine, Calif., released its latest Single-Family Rent Index, finding that single-family rent prices rose 2.9% year-over-year in March.
Support the MBA Opens Doors Foundation: June 3
Join your colleagues at the MBA Chairman’s Conference in Sea Island Resort and participate in the MBA Opens Doors Foundation Annual Charity Wine Auction. Registration and participation are free!
MBA Advocacy Update: Broeksmit on GSE Release; House Passes $3.8T Reconciliation Package; House Passes VA Partial Claims Bill
This week’s top legislative and policy news from the Mortgage Bankers Association.
Be Inspired. Be Informed. Be mPowered!
The Mortgage Bankers Association is proud to offer mPower, MBA Promoting Opportunities for Women to Extend their Reach, the largest networking organization for women in real estate finance.
AI Mortgage Practitioner Course, May 28-30
MBA and PhoenixTeam have partnered to help you and your organization unlock the future of mortgage with the power of artificial intelligence (AI). The AI Mortgage Practitioner Course will equip you with the essential skills and hands-on expertise to understand how AI is transforming the mortgage industry.
Chart of the Week: IMB Pre-Tax Net Production Income by Average Loan Balance in Q1 2025
Independent mortgage banks and mortgage subsidiaries of chartered banks reported a pre-tax net loss of $28 on each loan they originated in the first quarter, according to MBA’s newly released Quarterly Mortgage Bankers Performance Report.
Quote of the Day
“Owners and developers are navigating heightened economic and policy uncertainty, which likely bogged down much of this month’s planning activity.”
–Sarah Martin, associate director of forecasting at Dodge Construction Network