Black Knight, Jacksonville, Fla., said the national mortgage delinquency rate increased by 7 basis points in February to 3.45%, but fell by 12.6% year over year. Meanwhile, prepayment activity inched up to 0.35%, breaking a four-month streak of record lows.
Category: News and Trends
Quote: Mar. 27, 2023
“Despite women showing remarkable resilience in returning to the workforce, single women’s homeownership rate took a heavy hit in 2022. With rising and volatile mortgage rates furthering affordability challenges, the road to affordable homeownership remains an uphill battle, and it may take creative solutions or even doubling up in a home to achieve that dream.”
–Skylar Olsen, Chief Economist with Zillow, Seattle.
Call for Speakers: MBA Annual Convention & Expo; Deadline June 2
Speaker proposals for breakout sessions are now being accepted for the MBA Annual Convention & Expo 2023, taking place October 15-18 at the Pennsylvania Convention Center in Philadelphia. This is the industry’s largest convention and expo focused on residential real estate finance.
MBA Home For All Pledge Partner: Class Valuation
(One in a series of profiles of MBA member companies that have signed the MBA Home For All Pledge, an initiative to promote inclusion in housing.)
MBA Education Path to Diversity Scholar Profile: Jessica Dehoux
Jessica Dehoux is a Mortgage Loan Officer for Chesapeake Bank, Kilmarnock, Va. She has completed the MBA Education School of Loan Origination and School of Mortgage Banking I. She started her banking career in 2008; she has been in the mortgage lending industry for six years and in her current position as Loan Officer for 2.5 years.
Elevating Your Quality Quotient: Taking Stock of Mortgage Servicing in Three Acts
A borrower’s first home purchase and introduction to homeownership leaves an imprint. Mortgage origination production is an important component of housing services, but shortly after closing and keys are in-hand, the borrower’s collective time within the home is spent interacting with another mortgage ecosystem partner, their mortgage servicer.
Industry Briefs Mar. 24, 2023: Black Knight Says Prepayments Rebound from Record Low
Black Knight, Jacksonville, Fla., said the national mortgage delinquency rate increased by 7 basis points in February to 3.45%, but fell by 12.6% year over year. Meanwhile, prepayment activity inched up to 0.35%, breaking a four-month streak of record lows.
‘Four Corners’ States Rank Highest in ‘Safest Places to Live’ Study
CoreLogic, Irvine, Calif., said counties in the ‘Four Corners’ states—Arizona, Colorado, New Mexico and Utah—rank highest in its annual ‘Safest Place to Live’ study, which details the least risky places to live in the U.S. from a natural hazard perspective.
3Q Critical Defect Rate Posts Series High
ACES Quality Management, Denver, said the overall critical defect rate for mortgage underwriting in the third quarter rose to a series high.
Fannie Mae, Freddie Mac Complete 52,469 4Q Foreclosure Prevention Actions
Fannie Mae and Freddie Mac completed 52,469 foreclosure prevention actions during the fourth quarter, raising the total number of homeowners who have been helped to 6.7 million since September 2008, the Federal Housing Finance Agency reported.