CoreLogic, Irvine, Calif., released its annual Natural Hazard Report, saying communities affected by wildfire, hurricanes, tornadoes, earthquakes and other natural disasters in 2019 will likely experience an increase in mortgage delinquency rates, taking 12 or more months before normalizing to pre-disaster rates.
Category: News and Trends
Redfin Forecast: ‘The Mother of All Inventory Crunches’
Despite a strong start to the 2020 housing market, Redfin, Seattle, said a deepening shortage of homes for sale and surging homebuyer demand are set to push prices up at the fastest rate in years.
December Pending Home Sales Down 5%
Pending home sales fell in December, falling back after increasing slightly in November, the National Association of Realtors reported yesterday, as all four major regions reported a drop in month-over-month contract activity.
Amid Rapid Change, MISMO Adapts
With mortgage technology changing in the blink of an eye, MISMO, the Mortgage Industry Standards Maintenance Organization, is changing as well.
Mortgage Applications Strong in MBA Weekly Survey
Mortgage application activity continued its strong early 2020 pace, buoyed by the lowest interest rates in more than three years, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending January 24.
(Sponsored Content) Don’t Overlook This Surprising CRE Capital Source
In a fast-changing business environment, lenders don’t always act as expected, so it’s necessary to have a longer list of capital provider choices on-hand.
Patrick McClain: Hard and Soft Savings–How Technology Can Positively Impact Bottom Line
Technology is no longer an option; it is an integral element. Inefficient, outdated, manual processes can be risky and ultimately end up costing the lender. To combat these challenges, today’s lenders must stay abreast of cutting-edge technology. Implementing such technology, lenders can exponentially increase their bottom line as well as bring unexpected savings and benefits.
Mark P. Dangelo: The Challenges of Reskilling Workforces, Part 1
With limited population growth domestically, the search for advanced technology skills must embrace aging populations and the explosion of megacities beyond our shorelines—new, continuous models of corporate education, training and partnering must be adopted.
MBA Urges NCUA to Raise Appraisal Threshold for Residential Transactions
The Mortgage Bankers Association, in a comment letter submitted yesterday to the National Credit Union Administration, said it supports NCUA’s proposal to raise the appraisal threshold for residential real estate transactions from $250,000 to $400,000.
Mortgage Applications Strong in MBA Weekly Survey
Mortgage application activity continued its strong early 2020 pace, buoyed by the lowest interest rates in more than three years, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending January 24.