The Mortgage Bankers Association announced that National Van Lines has joined the association’s Member Advantage Program. MBA members can earn commissions on booked and completed long-distance moving referrals through the NationalExpress Move (NEX) affiliate program.
Category: News and Trends
Starts Wednesday: AI Mortgage Practitioner Virtual Training
Unlock the future of AI in the mortgage industry with the MBA and PhoenixTeam’s three-day virtual training, Feb. 19-21.
Advocacy Update: CFPB Latest – APOR Published; Jonathan McKernan Emerges as New Nominated Director of CFPB
This week’s top legislative and policy news from the Mortgage Bankers Association.
Optimal Blue: Refinance Activity Surges in January
Optimal Blue, Plano, Texas, reported that refinance activity jumped year-over-year in January, by 20.1% for cash-out refinance lock volume and 21.7% for rate/term refinance.
Chart of the Week: SERC Mortgage Credit Index
A new measure of GSE-eligible credit risk was recently released by the Smith Enterprise Risk Consortium at the University of Maryland’s Robert H. Smith School of Business.
ACES: Q3 2024 Critical Defect Rate Falls
ACES Quality Management, Denver, released its Q3 Mortgage QC Trends Report, finding the overall critical defect rate declined from the second quarter by 17%. The overall rate ended the quarter at 1.51%.
Quote of the Day
“The drop in the overall critical defect rate this quarter is a welcome shift, but the underlying trends tell a more complex story.”
–Nick Volpe, Executive Vice President of ACES Quality Management
AI Mortgage Practitioner Virtual Training, Feb. 19-21
Unlock the future of AI in the mortgage industry with the MBA and PhoenixTeam’s three-day virtual training, Feb. 19-21.
People in the News, Feb. 18, 2025
Industry personnel news from M&T Bank, SingleSource Property Solutions, Planet and REdistribute.
MISMO Announces 2025 Board of Directors
MISMO, the real estate finance industry’s standards organization announced its Board of Directors for 2025.