Black Knight, Jacksonville, Fla., released its First Look at its August Mortgage Monitor, finding that the delinquency rate improved yet again, but gains are slowing. That, Black Knight said, might suggest delinquency rates are reaching cycle lows.
Category: News and Trends
MBA Premier Member Profile: Vesta
(One in a continuing series of profiles of Premier Members of the Mortgage Bankers Association)
ACES: Critical Defect Rate Down for Q1 2023
ACES Quality Management, Denver, reported the overall critical defect rate for the first quarter of 2023 was 1.78%. That’s down 3.26% from the previous quarter, and the second straight quarter of declines.
Freddie Mac: Apartment Investment Market Index Rises Again in Second Quarter
Freddie Mac Multifamily, McLean, Va., said its Apartment Investment Market Index rose by 5.1% in the second quarter, marking the second straight quarter the index improved nationwide and in all 25 markets examined.
Demystifying eMortgage Myths with MISMO’s eMortgage Community of Practice Oct. 24
There are truths and falsehoods about eMortgages. Join the MISMO eMortgage Community of Practice for a webinar that will discuss the common misunderstandings about eMortgages and what is being done in the industry to overcome them.
Sponsored Content From CreditXpert: How to Keep Credit Scores from Robbing You of New Mortgage Lending Business
A borrower’s credit report provides a valuable snapshot of their financial health. Mortgage lenders have been using it for years to underwrite their deals, credit is, the most dynamic of the 3 Cs of lending, and it has proven a reliable source of data to predict loan performance. But it can be more than that if the lender learns not to take the borrower’s credit at face value.
ATTOM: Home Flipping Drops in Q2
ATTOM, Irvine, Calif., found home flipping activity fell in the second quarter.
Snapdocs Survey: eClosing Tech Investment Outpaces Adoption
Digital closing provider Snapdocs, San Francisco, conducted a survey on lenders’ use of eClosing technology. It found that 74% of lenders have invested in the tech, but only 28% of those offering such services have achieved an adoption rate over 60%.
Quote: Sept. 26, 2023
“Rest assured, we will continue to voice our members’ concerns to key policymakers and staff – in both the Congress and the Biden administration – regarding the detrimental effects of a [federal government] shutdown of any length.”
–Mortgage Bankers Association President & CEO Robert D. Broeksmit, CMB
MBA Advocacy Update Sept. 25: FDIC Chairman Gruenberg Calls for Enhanced Prudential Standards and Increased Nonbank Reporting in Speech
This week’s top legislative and policy news from the Mortgage Bankers Association.