March is usually the strongest month of the year for mortgage performance, says Black Knight, Jacksonville, Fla. Not this year.
Category: News and Trends
People in the News
Davis Wright Tremaine, Washington, D.C, announced Chava Brandriss joined its Banking and Financial Services Team as a partner in its D.C. office. She represents banks, mortgage lenders and servicers in class actions, mass claims, appeals and large portfolios of individual lawsuits.
Tom Millon, CMB, of Computershare on Technology and Building Efficiencies
Tom Millon, CMB, serves as CEO of Computershare Loan Services US, Ponte Vedra Beach, Fla., including Specialized Loan Servicing, Credit Risk Solutions, Capital Markets Cooperative, LenderLive Network and Property Solutions. He founded Capital Markets Cooperative in 2003 and is a recognized author, frequent speaker and expert in mortgage finance.
Nancy Alley: eClosing Best Practices, Part III: Navigating the Complexities of Settlement Agent and Notary Support
Lenders must have a clearly defined eClose strategy for supporting agents and notaries that includes the overall ease of use of the technology, methods for keeping agents informed and how to optimize support and training for their agents and notaries.
MISMO Announces Certification Program for Remote Online Notarization
MISMO®, the mortgage industry’s standards organization, announced a new Remote Online Notarization certification program for RON providers and mortgage industry participants.
Mortgage Applications Dip in MBA Weekly Survey
Mortgage applications fell slightly from one week earlier despite interest rates holding at record lows, the Mortgage Bankers Association reported in its Weekly Mortgage Applications Survey for the week ending April 17.
FHFA: GSEs Will Purchase Qualified Loans in Forbearance
The Federal Housing Finance Agency said it would approve purchase of certain single-family mortgages in forbearance that meet specific eligibility criteria by Fannie Mae and Freddie Mac.
Mortgage Applications Dip in MBA Weekly Survey
Mortgage applications fell slightly from one week earlier despite interest rates holding at record lows, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending April 17.
March Existing Home Sales Fall—But Worst Is Yet to Come
After a promising start to the spring home-buying season, existing home sales tumbled in March to a nearly five-year low, the National Association of Realtors reported yesterday—and because of the coronavirus pandemic, the outlook for April isn’t any better.
FHFA: Fannie Mae, Freddie Mac to Use 4-Month Advance Limit for Loans in Forbearance
The Federal Housing Finance Agency yesterday said it aligned Fannie Mae and Freddie Mac policies regarding servicer obligations to advance scheduled monthly principal and interest payments for single-family mortgage loans.