ATTOM: Foreclosure Activity Shows Slight Decline in April

ATTOM, Irvine, Calif., released its April 2024 U.S. Foreclosure Market Report, which shows there were a total of 31,649 U.S. properties with foreclosure filings–down 4% from a month ago and also down 4% from a year ago.

MBA: Mortgage Delinquencies Increase Slightly in First Quarter

The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 3.94 percent of all loans outstanding at the end of the first quarter of 2024, according to the Mortgage Bankers Association’s National Delinquency Survey.

MBA Advocacy Update

This week’s top legislative and policy news from the Mortgage Bankers Association.

Quote: May 17, 2024

“MBA is relieved that the Supreme Court avoided a ruling that would have disrupted the housing and mortgage markets and harmed the economy and consumers. While we frequently disagree with the Bureau on how they interpret or enforce particular rules, a decision that would have invalidated the Bureaus’ previous rules could have had severe consequences for single-family and multifamily mortgage markets.”
–MBA President and CEO Bob Broeksmit, CMB, discussing the U.S. Supreme Court’s Decision in CFPB v. CFSAA

People in the News, May 17, 2024

Industry personnel news from Fannie Mae, FHFA, Floify, Rocktop Technologies, Dark Matter Technologies and WFG National Title Insurance Co.