J.D. Power, Costa Mesa, Calif., said overall customer satisfaction with primary mortgage originators improved throughout most of 2019 but dropped off significantly in the second quarter as loan origination volume surged.
Category: News and Trends
MBA: Mortgage Delinquencies Fall to Lowest Level in Nearly 25 Years
Delinquency rates for mortgage loans on one-to-four-unit residential properties fell to their lowest level since 1995, the Mortgage Bankers Association reported yesterday.
MISMO Releases Additional Background Info, FAQ’s on Taxpayer Consent Language for Sharing Tax Transcripts
Last week, MISMO®, the mortgage industry standards organization, released its Taxpayer Consent Language, which was created to provide a consistent way for the mortgage industry to comply with the Taxpayer First Act.
People in the News
LoanLogics, Trevose, Pa., announced Brenda Clem, CMB, joined the company as chief product strategist, responsible for developing and implementing strategic plans for all LoanLogics products and maintaining strong relationships within the mortgage industry.
Housing and the Holidays
Leadership during times of economic opaqueness, scary events and political drama can lack efficacy. What worked in the past is a poor roadmap into the future–whack-a-mole urgency will widen the gaps between enterprises. Innovation and automation may be the only certainties over the next 18 months.
2019 MBA Annual Convention Survey Scorecard
The following report was prepared from the 28 face-to-face surveys I conducted with senior mortgage executives from 28 different firms in Austin, Texas at the MBA Annual Convention held 27-30 October. They are designed to capture the thinking, attitudes and expectations of an industry through one-on-one interviews with execs from, in this instance, 28 different mortgage firms. My goal is to create a microcosm of the industry using the MBA’s membership as the universe.
Increase in Foreclosure Activity Ahead of MBA Delinquency Survey
Ahead of today’s release of the Mortgage Bankers Association’s quarterly National Delinquency Survey, ATTOM Data Solutions, Irvine, Calif., reported 55,197 U.S. properties with foreclosure filings in October, up 13 percent from September but down 17 percent from a year ago.
Home Appraisal Perceptions Hold Steady; Bidding Wars at 10-Year Low
Quicken Loans, Detroit, said home value perceptions held stead in October, with owner expectations just a half-percent higher than appraisals.
People in the News
LoanLogics, Trevose, Pa., announced Brenda Clem, CMB, joined the company as chief product strategist, responsible for developing and implementing strategic plans for all LoanLogics products and maintaining strong relationships within the mortgage industry.
MBA Weekly Applications Rise in MBA Weekly Survey
Mortgage applications increased by nearly 10 percent from one week earlier, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending November 8.