Redfin, Seattle, found only 2.5% of homes in the U.S.–or 25 of every 1,000–have changed hands through August 2024–the lowest level in decades.
Category: News and Trends
FHA Releases New Draft ML on Cyber Incident Reporting; Letter Includes Adjustments Closer to MBA Suggestions
The Federal Housing Administration posted a new draft Mortgagee Letter: Revised Cyber Incident Reporting Requirements on its Single-Family Housing Drafting Table.
Disaster Recovery: A Resource for Homeowners from MBA
The Mortgage Bankers Association updated Disaster Recovery: A Resource for Homeowners, a resource paper for homeowners that outlines what to do before and after the disaster along with how to start, and then work through the recovery process.
Accenture Credit Services’ Jason Wilborn: Are You One of 13?
Only 13 lenders out of all 4464 from 2022 grew or maintained their origination volumes from 2022 to 2023.
Regulation X Redefined: Analyzing the CFPB’s Proposed Loss Mitigation Framework and Language Access Requirements-Oct. 3
Join MBA Education and industry experts for an in depth discussion on the primary components of the Regulation X proposal, focusing on the most important provisions and the legal & operational challenges associated with the same.
New Date–Oct. 16: Understanding the CFPB’s Non-Bank Registry
Join MBA Education and industry experts for an overview of the Consumer Financial Protection Bureau’s new registry for non-bank covered persons.
Oct. 2: A Blueprint for Success for Loan Officers in Real Estate Teams
Serving a real estate office or team from the inside requires a unique set of skills and a distinct path to success that is not typically outlined in industry road maps. Join MBA Education and industry experts for a discussion exploring the four key elements essential for achieving success as a Loan Officer.
ICE First Look: Delinquencies Remain Low Despite Year-Over-Year Rise
Mortgage delinquencies remain low despite a modest year-over-year increase, according to Intercontinental Exchange, Atlanta.
MBA Advocacy Update: FHFA Heed’s MBA’s Recommendations; Congress Passes Three-Month Funding Bill; NFIP Extended Until December
This week’s top legislative and policy news from the Mortgage Bankers Association.
MBA Chart of the Week: Share of Originations by Production Channel
The broker wholesale and non-delegated correspondent production channels accounted for a combined 20.5 percent of dollar volume originated in 2023 per MBA’s analyses of the Home Mortgage Disclosure Act (HMDA) data.