CoreLogic, Irvine, Calif., reported that for September, 3% of all mortgages were in some stage of delinquency.
Category: News and Trends
Advocacy Update: MBA Proposes Ginnie Mae Early-Buyout Securitization; Responds to HUD’s Proposed Flexibilities for Underwriting Rental Income
This week’s top legislative and policy news from the Mortgage Bankers Association.
CFPB Reports Significant Drop in Mortgage Applications, Originations in 2023
The Consumer Financial Protection Bureau, Washington, D.C., found a significant decline in mortgage lending activities during 2023. Loan applications and originations dropped by nearly one-third from 2022.
Quote of the Day
“Non-depository institutions such as independent mortgage companies originated significantly more loans than banks and credit unions [in 2023].”
–CFPB, in its annual Mortgage Market Activity and Trends report on 2023 HMDA data
MSCI: Insurance Taking Bigger Bite from Commercial Property Income
Higher insurance premiums are increasing commercial real estate operating costs and cutting into net operating income, according to MSCI, New York.
Certainty Home Lending CEO Franco Terango: A New Way to Recruit and Retain Good LOs
A convergence of digital transformation, market demand and other substantial changes have changed the landscape for attracting and keeping originators
MISMO Winter Summit Panelists to Delve into Identity Verification
Verifying identities, in-person or virtually, has never been more important or more challenging. Panelists at the MISMO Summit Jan. 13-16 will discuss how Knowledge-Based Authentication is becoming less effective as those who intend to commit fraud become more sophisticated and take advantage of new technologies.
Ten Things Your Company Must Do in 2025–Dec. 17
Most of us didn’t expect 2024 to be worse than 2023, but the second half of 2024 may be the worst period for the industry — ever.
Austin Ranks First in STEM Job Growth–Again–RCLCO Finds
Austin, Seattle, Denver, San Francisco and Raleigh are the U.S. markets with the strongest outlook for growth in science, technology, engineering and math jobs, per RCLCO, Bethesda, Md.
TransUnion Predicts Mortgage Delinquencies Will Be Flat
TransUnion, Chicago, released its forecast for 2025, predicting that mortgage delinquencies will be flat a year from now in Q4 2025.