We all know that many processes within mortgage loan origination and servicing are licensed activities. Therefore, the onus is on service providers to closely monitor regulatory changes, advise lenders, maintain licenses and ensure compliant operations, whether onshore or offshore.
Category: News and Trends
Ellie Mae: Low Rates Drive September Refi Rate
Ellie Mae, Pleasanton, Calif., released its monthly Origination Insight Report, showing falling interest rates drove the refinancing rate for closed rates to nearly 50 percent.
Veros Sees U.S. Real Estate Appreciation Up 3.7% by Q3 2020
Veros Real Estate Solutions, Santa Ana, Calif., released its third quarter forecast, project average appreciation rate for residential real estate in the nation’s largest 100 housing markets to increase by 3.7 percent through September 2020, unchanged from the first and second quarters this year.
September Housing Starts Tumble, But Optimism Holds
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.
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.