Intercontinental Exchange, Atlanta, released its first look at July data, finding that the national delinquency rate fell 12 basis points from June to 3.37% in July.
Category: News and Trends
Strategic Consolidation–Analyzing Mr. Cooper’s Acquisition of Flagstar’s MSR Portfolio: Vaultedge CEO Murali Tirupati
The mortgage servicing landscape has witnessed a significant shift in recent days with Mr. Cooper’s acquisition of Flagstar Bank’s mortgage servicing rights portfolio.
Quote: Aug. 26, 2024
“Our forecast continues to look for mortgage rates to drift down closer to 6% over the next 12 months or so.”
–MBA SVP and Chief Economist Mike Fratantoni reacting to Fed Chair Jerome Powell’s Aug. 23 remarks
Certified Mortgage Compliance Professional (CMCP) Designation
MBA offers the only certification and designation program geared exclusively toward compliance professionals in the mortgage finance industry, the Certified Mortgage Compliance Professional (CMCP) Certification and Designation program.
Calling All Lenders: Join MISMO’s Inaugural Lender Forum on Aug. 27
MISMO is hosting the first meeting of its new Lender Forum on Tuesday, August 27 at 1:30 PM ET in Reston, Va. or online via Zoom.
Certified Mortgage Banker (CMB) Designation
The Certified Mortgage Banker (CMB) designation is the industry standard of professional success. It symbolizes respect, credibility, ethics and achievement within real estate finance.
Upcoming MBA Education Webinars
MBA Education webinars are free for MBA members. Use this valuable member benefit to get up to speed on the latest in mortgage banking.
Quote: Aug. 23, 2024
“Zombie foreclosures continue to be a mere blip on the radar screen–one of many measures of the overall strength of the U.S. housing market.”
–ATTOM CEO Rob Barber
Zombie Foreclosure Rate Hovers at Lowest Level Since 2021, ATTOM Finds
ATTOM, Irvine, Calif., released its third-quarter 2024 Vacant Property and Zombie Foreclosure Report, showing that of the residential properties currently in the process of foreclosure, just 7,007 sit vacant as “zombie foreclosures.”
Dealmaker: Eastern Union Secures $72M in Construction Financing for Queens Community
Eastern Union, New York, arranged $72 million in construction financing toward development of a new luxury condo building in Long Island City, Queens, N.Y.