The Federal Housing Administration on Wednesday posted a draft Mortgagee Letter about modernizing engagement with borrowers in default. The agency seeks review and feedback.
Category: News and Trends
Softening the Impact of Spiking Escrows: Incenter’s Craig Eagleson & Alison Tulio
High valuations and interest rates are not the only factors that have negatively impacted the mortgage industry. Added to these major hurdles, spiking escrows due to rising property tax assessments and homeowners insurance costs are pushing some borrowers to the brink of default.
Comprehensive Insights Lead to Better Outcomes for Lenders, Consumers and Communities–Equifax’s Craig Crabtree
Home buyers are currently experiencing affordability challenges driven by higher interest rates, tighter inventory and elevated home prices. And the mortgage industry is seeking solutions to meet these challenges while making home loans easier and more affordable.
Beyond eNotes: V3 SMART Docs–Sponsored Content from Stavvy
SMART Docs® are not just for eNotes. They deliver savings and efficiency for any loan documents in tighter margin environments.
Quote: Aug. 14, 2024
“Rates on both 30- and 15-year fixed rate mortgages decreased for the second consecutive week, and combined with the previous week’s rate moves, spurred another strong week for application activity as borrowers with higher rates took the opportunity to refinance.”
–Joel Kan, MBA’s Vice President and Deputy Chief Economist.
Industry Briefs Aug. 15, 2024
Industry news from Ginnie Mae, LenderLogix, Truv, Nationwide Property & Appraisal Services and Westcor.
Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications increased 16.8% from one week earlier, according to the Mortgage Bankers Association’s Weekly Applications Survey for the week ending Aug. 9, 2024.
Understanding Consumers, Buyers and Uses of Accessory Dwelling Units Aug. 29
Join MBA CONVERGENCE for an insightful webinar featuring experts from Freddie Mac as we delve into the world of ADUs.
Softening the Impact of Spiking Escrows: Incenter’s Alison Tulio and Craig Eagleson
High valuations and interest rates are not the only factors that have negatively impacted the mortgage industry. Added to these major hurdles, spiking escrows due to rising property tax assessments and homeowners insurance costs are pushing some borrowers to the brink of default.
STR, Tourism Economics Hotel Forecast Dips
STR and Tourism Economics downgraded their hotel sector forecast for the rest of 2024.