Commercial and multifamily mortgage delinquencies remained low in the third quarter, according to the Mortgage Bankers Association’s quarterly Commercial/Multifamily Delinquency Report.
Category: News and Trends
Millennial Refinance Activity Hits 2019 Peak; Home Prices Growth Fastest in 6 Years
Ellie Mae, Pleasanton, Calif., said the share of refinances closed by millennials in October increased to a new high as interest rates on 30-year loans fell.
MISMO To Update Appraisal Data Standards
MISMO, the mortgage industry standards organization, invites the mortgage industry to participate in an effort to enhance its residential appraisal data standards. This effort will evaluate new types of property information that may be useful to the industry.
November MBA Mortgage Credit Availability Index Up 2.1%
Mortgage credit availability rose for the third straight in November, according to the Mortgage Bankers Association’s Mortgage Credit Availability Index.
CFPB Proposed Rulemaking would Expand Remittance Rule Safe Harbor
The Consumer Financial Protection Bureau on Dec. 3 issued a Notice of Proposed Rulemaking clarifying its Remittance Rule to provide more flexibility to smaller lenders and credit unions.
Jane Mason of Clarifire on Natural Disaster Planning and Mortgage Servicing Compliance
Jane Mason, CEO and founder of Clarifire, St. Petersburg, Fla., brings process capabilities to businesses in multiple industries, particularly mortgage servicing.
MBA Premier Member Profile: LoanLogics
LoanLogics, Trevose, Pa., is a recognized leader in loan quality management technology and services for mortgage manufacturing and loan acquisition. Founded in 2005, our mission is to improve the transparency and accuracy of the mortgage process and improve the quality of loans.
Mortgage Applications Dip in MBA Weekly Survey
Mortgage applications fell last week from one week earlier, even as key interest rates held below 4 percent, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending November 29.
Commercial Briefs
The Financial Accounting Standards Board, Norwalk, Conn., delayed the effective date for its new lease accounting standard by one year.
2020: A Confluence of Strategy Events and Trends (Mark P. Dangelo)
In an industry accustom to regulatory guidance and rigidness, there are growing crack in the traditional dogma focusing on innovation as customer drivers. While innovation is important, 2020 will usher in introductory trends which will comprehensively reshape the mortgage industry.