Housing starts fell sharply in September, HUD and the Census Bureau reported yesterday, but single-family starts increased slightly, reflecting continued optimism among home builders.
Category: News and Trends
Creating a New Normal for Loan Quality
Lowering loan manufacturing costs, improving overall mortgage processing efficiencies and achieving optimal risk management begins with improving the quality of the underlying mortgage loan file data.
Creating a New Normal for Loan Quality
Lowering loan manufacturing costs, improving overall mortgage processing efficiencies and achieving optimal risk management begins with improving the quality of the underlying mortgage loan file data.
How Servicers Can Address Flood Insurance Issues
Floods are among earth’s most common and most destructive natural hazards. No other kind of natural disaster in America has caused more disruption or destruction than floods. Today’s regulatory environment can move as fast as flood waters. Helping borrowers find opportunities to reduce or even remove their flood insurance starts with understanding all of the basics around this ever-changing area.
3rd Quarter Foreclosure Activity at Lowest Level Since 2005
ATTOM Data Solutions, Irvine, Calif., reported 143,105 U.S. properties with foreclosure filings in the third quarter, down 6 percent from the previous quarter and down 19 percent from a year ago to the lowest level since Q2 2005.
MBA: September New Home Purchase Applications Down 8% from August, Up 34% from Year Ago
Mortgage applications for new home purchases in September fell by 8 percent from August but jumped by 34.2 percent from a year ago, the Mortgage Bankers Association reported this morning.
CIAT Urges Renewal of Terrorism Risk Insurance Act
With the Terrorism Risk Insurance Act set to expire (again) at the end of 2020, the House Financial Services Committee isn’t wasting time in pushing its reauthorization. And neither is the Coalition to Insure Against Terrorism, of which the Mortgage Bankers Association is a member.
Mortgage Applications Edge Up in MBA Weekly Survey
Mortgage applications inched up for the third straight week as key interest rates increased marginally, the Mortgage Bankers Association reported this week in its Weekly Mortgage Applications Survey for the week ending October 11.
Auction.com: More than Half of Foreclosure Buyers ‘Mom and Pop’ Investors
As the foreclosure crisis from earlier this decade wanes, the profile of purchasers of foreclosed properties has shifted away from larger investment operations to “mom and pop” investors, said Auction.com, Irvine, Calif.
What $1 Million Gets in Today’s Housing Market
Location, location, location: take a $75,000 bungalow in Garfield Heights, Ohio and plop it down on a 1/3-acre lot in McLean, Va., and it suddenly becomes an $800,000 object of a bidding war.