“We’re now living in a new era of economic uncertainty and demographic change. The country desperately needs the mortgage industry to help future generations achieve the American Dream. Regulators should be fostering more trust in mortgage professionals. Instead, they’re turning people against the help they need to achieve their future.”
–MBA President and CEO Bob Broeksmit, CMB
According to the latest results from MBA’s National Delinquency Survey, the overall delinquency rate for mortgage loans on one‐to‐four‐unit residential properties increased slightly to a seasonally adjusted rate of 3.94 percent of all loans outstanding at the end of the first quarter of 2024.
This week’s top legislative and policy news from the Mortgage Bankers Association.
MBA NewsLink recently interviewed Candor Technology Chief Business Officer Ed Kourany about underwriting software solutions for the mortgage industry.
Industry news from STRATMOR Group, Teraverde, Gridbase, Westcor, USFN, LoanLogics, Snapdocs, SitusAMC, ICE and Down Payment Resource.
MISMO®, the real estate finance industry’s standards organization, today announced that it is seeking public comment on the Consolidated SMART Doc® FAQ document. The 60-day public comment period runs through July 15, 2024.
April, the gateway to what are traditionally the busiest months for home sales, set the stage for summer with closings increasing 11.2% over March and 9.0% over last April, according to RE/MAX, Denver.
The Mortgage Bankers Association is proud to partner with the American Planning Association, the National League of Cities and others on the Housing Supply Accelerator, a collaborative effort aimed at boosting diverse, attainable and equitable housing supply across the United States.
“The market for MSRs today is divided into two distinct categories: those backed by mortgages with low note rates and those with current note rates. Investors are drawn to each for different reasons.”
–BSI Financial Services President of Capital Markets & Lending Larry Goldstone
MBA NewsLink interviewed BSI Financial Services’ Larry Goldstone about mortgage servicing rights values and profitability in 2024.
