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Category: News and Trends
ICE Mortgage Monitor: Share of Mortgages Above 5% Interest Rate Creeps Up
Intercontinental Exchange, Atlanta, released its latest mortgage monitor with May’s data. Among other findings, 24% of mortgage holders had interest rates of 5% or higher, up from just 10% in 2022.
ACES Quality Management: Quality (E)valuations: Ensuring Appraisal Integrity through QC (Sponsored)
In today’s mortgage market, fostering a quality-centric culture and leveraging advanced technology are crucial for ensuring appraisal integrity and accuracy.
U.S. Economy Adds 206,000 to Payroll in June
Total nonfarm payroll employment was up by 206,000 in June, and the unemployment rate was at 4.1%, per the U.S. Bureau of Labor Statistics.
MBA Compliance and Risk Management Conference Sept. 22-24
Save your seat in the highly anticipated Compliance Conversations Track during MBA’s Compliance and Risk Management Conference.
First American’s Mark Fleming: Affordability Crunch Likely Unchanged Through 2024
Apart from the fall of 2023, affordability in May reached its lowest level in over three decades. On a year-over-year basis, affordability declined by nearly 9%.
CFPB Reports on Mortgage Servicing Experiences During COVID-19 Pandemic
The most common problems distressed borrowers had during the COVID-19 Pandemic reflect difficulty accessing loss mitigation programs, the Consumer Financial Protection Bureau reported last week.
Dealmaker: Walker & Dunlop Arranges $30M in LIHTC Equity for Canyon Creek East
Walker & Dunlop, Bethesda, Md., arranged $29.6 million in federal Low-Income Housing Tax Credit equity for the financing of Canyon Creek East, an affordable housing property in Lenexa, Kan.
Quality (E)valuations: Ensuring Appraisal Integrity through QC (Sponsored by ACES Quality Management)
In today’s mortgage market, fostering a quality-centric culture and leveraging advanced technology are crucial for ensuring appraisal integrity and accuracy.
MBA Advocacy Update: MBA-Opposed Residential PACE Bill Signed by Governor DeSantis
This week’s top legislative and policy news from the Mortgage Bankers Association.