CoreLogic, Irvine, Calif., said the number of Americans with negative equity in their homes fell to the lowest level since before the Great Recession, with 96,000 homeowners regaining equity in the fourth quarter.
Category: News and Trends
Survey: ¾ of Homeowners Say Mortgage Negatively Affects Ability to Save
Seventy-seven percent of U.S. mortgage holders say the size of their mortgage has a negative impact on their ability to save money for the future, according to a survey by Bankrate.com, New York.
MISMO Proposes Updates to Industry Loan Application Dataset
MISMO, the mortgage industry standards organization, today released proposed updates to the Industry Loan Application Dataset, its modernized dataset for the exchange of loan application data.
Mortgage Applications Blast Off in MBA Weekly Survey
The lowest interest rates in eight years sent refinance applications soaring last week, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending March 6.
Portfolio Risk Management: Repurchase Risk for Non-QM Mortgages
In the wake of the 2008 global financial crisis, many risk managers in the mortgage issuance industry were caught flat-footed with representations and warranties exposure, also commonly known as repurchase exposure.
MBA Doubles 2020 Refinance Forecast
The Mortgage Bankers Association this week issued its revised Mortgage Finance Forecast and Economic Forecast, in which MBA doubled its previous 2020 refinance mortgage originations projections.
MBA, Trade Groups Give HUD Feedback on CWCOT Program
The Mortgage Bankers Association, the Housing Policy Council and the National Mortgage Servicing Association submitted joint comments to HUD on its proposed enhancements to its Claims Without Conveyance of Title (CWCOT) Program).
People in the News
Hines, Houston, promoted Laura Hines-Pierce to Senior Managing Director – Office of the CEO. She will work alongside President and CEO Jeff Hines to help shape firmwide strategy and manage key risks.
Mortgage Applications Blast Off in MBA Weekly Survey
The lowest interest rates in eight years sent refinance applications soaring last week, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending March 6.
Industry Briefs
Computershare Loan Services’ Specialized Loan Servicing, New York, in partnership with UMB Bank, now offers clients a customer access card tied directly to home equity lines of credit serviced by SLS.