According to the July results from MBA’s Monthly Loan Monitoring Survey, the total number of loans now in forbearance decreased by 5 basis points from 0.44% of servicers’ portfolio volume in the prior month to 0.39% as of July 31, 2023.
Category: News and Trends
Auction.com: Default Servicers Expect Slight Increase in Foreclosure Volume
More than nine in 10 default servicing industry leaders expect completed foreclosure auction volume to increase this year compared to 2022, reported Auction.com, Irvine, Calif.
Amber Rao, Marcy Thomas Discuss MBA’s COMBOG DE&I Council
Amber Rao, CCIM, Vice President with KeyBank Real Estate Capital, and Marcy Thomas, CCIM, CCMS, Vice President, Portfolio Loan Manager with Grandbridge Real Estate Capital, sat down with MBA NewsLink to discuss MBA’s COMBOG DE&I Council.
Artificial Intelligence – Promise and Peril for Mortgage Lending: Sept. 21-22 in Washington, D.C.
Artificial Intelligence (AI) will fundamentally change the way we do business. But what exactly is AI, and what are these new tools like ChatGPT? What opportunities does AI present for lending? What are the risks to lenders, investors and consumers and how can the risks be properly identified and managed?
Quote: Aug. 28, 2023
“Annual single-family rent growth has returned to its long-term, pre-pandemic rate, but increases for attached properties were one-and-a half-times that of detached properties in June; this is historically not the case, as both housing types tend to rise at the same pace.”
–Molly Boesel, principal economist for CoreLogic
Black Knight: Foreclosure Inventory Very Low, Serious Delinquencies Down in July
Black Knight, Jacksonville, Fla., reported its “first look” at July 2023 mortgage performance statistics, finding that serious delinquencies continue to improve.
MISMO Fall Summit in D.C.: Sept. 18-21
MISMO Summits allow you to network and collaborate with your industry colleagues while learning the latest updates on mortgage industry standards. Your participation helps make the digital future possible.
Sept. 7: Recent LO Comp Enforcement and Supervisory Activity
The Consumer Financial Protection Bureau recently published its Summer 2023 Supervisory Highlights and maybe most importantly for mortgage lenders, there are potential significant changes to how the LO Comp rule is interpreted. Join MBA and industry experts as we walk through the current understanding of the LO Comp guidance and what it means for your policies and procedures.
Rhonda McGill of PerformLine: Top Compliance Challenges & Insights from Mortgage Professionals
Last week, I was joined by mortgage professionals for yet another compliance roundtable to discuss the most pressing issues facing the industry today.
MISMO Releases Consumer Home Equity SMART Doc Standardized Mapping and Updated Implementation Guide
MISMO, the real estate finance industry’s standards organization, announced that it is publishing Version 2.1 of the SMART Doc 1.02 Standard Mapping and Implementation Guide as final.