As most servicers are well aware, the Consumer Financial Protection Bureau recently issued new proposed servicing rules essentially overhauling the existing loss mitigation process.
Category: News and Trends
Realtor.com Ranks Markets Most Likely to Change Due to Falling Mortgage Rates
As the Federal Reserve begins to lower mortgage rates, markets with a high percentage of owner-occupied homes with a mortgage stand to see the most change, according to a new study from Realtor.com.
Amherst Group Survey: 81% of American Adults Would Live in Modular Housing
The Amherst Group, Austin, Texas, recently released a survey finding that 81% of respondents would live in a modular home.
TECH Elevated at MBA Annual
Whether you’re an executive, a loan producer, or a tech professional, take advantage of this all-new programming that will elevate your experience at MBA Annual24, taking place October 27-30 at the Colorado Convention Center in Denver.
Hurricane Season Is Here. Servicers Should be Prepared–Anthony Scotese from ServiceLink
The destruction and devastation from Hurricane Helene continue to be felt across the southeastern United States, where more than 200 people died from the storm as of Oct. 5.
Quote of the Day
“In the wake of stronger economic data last week, including the September jobs report, mortgage rates moved higher, with the 30-year fixed rate rising to 6.36%–the highest since August.”
–Mike Fratantoni, MBA’s SVP and Chief Economist
Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 5.1% from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Applications Survey for the week ending Oct. 4, 2024.
CFPB Issues Proposed Servicing Rules Aimed at Streamlining Loss Mitigation Process–Diane Jenkins from Asurity
As most servicers are well aware, the Consumer Financial Protection Bureau recently issued new proposed servicing rules essentially overhauling the existing loss mitigation process.
Optimal Blue: Rate-and-Term Refinance Locks Up Significantly From 2023
Optimal Blue, Plano, Texas, released its September Market Advantage report, finding a spike in rate-and-term refinance activity.
Fannie Mae Finds Housing Confidence Inching Higher
Fannie Mae, Washington, D.C., reported its Home Purchase Sentiment Index increased 1.8 points in September to 73.9–its highest level in more than two years–as consumers are optimistic mortgage rates will decline further.