MISMO, the real estate finance industry’s standards organization, introduced the Flood Risk Disclosure Resource Guide as a resource for borrowers to understand the environmental risks that may be associated with a property before they purchase
Category: News and Trends
#MBAServicing23: Shon Hopwood’s Road to Redemption
Hopwood is an author, lawyer and professor of criminal justice at Georgetown University who has twice had petitions accepted by the U.S. Supreme Court. He is also, as he readily attested here at the MBA Servicing Solutions Conference & Expo, a convicted bank robber.
Quote: Feb. 28, 2023
“MBA is pleased the House has once again overwhelmingly passed legislation to create federal minimum standards to allow notaries in all states to perform safe and effective remote online notarization (RON) transactions. The bill’s minimum standards for RON are consistent with both the MBA-ALTA model state RON bill and the Mortgage Industry Standards Maintenance Organization RON standards and will help protect against fraud and make the mortgage closing process more convenient for consumers.”
–MBA President & CEO Robert Broeksmit, CMB.
Industry Briefs Feb. 28, 2023: CoreLogic Acquires Roostify
CoreLogic, Irvine, Calif., a global property information, analytics and data-enabled services provider, acquired Roostify, San Francisco, a digital mortgage technology provider.
MBA Advocacy Update Feb. 27 2023
On Tuesday, HUD announced a 30-basis-point reduction to the annual Mortgage Insurance Premium for Federal Housing Administration-insured loans. The action addresses a top MBA advocacy priority since 2021.
CoreLogic: December Delinquencies Tick Up
CoreLogic, Irvine, Calif., said its leading mortgage performance indicators showed slight increases from previous months but otherwise strong historical numbers.
Industry Briefs Feb. 27, 2023: CoreLogic Acquires Roostify
CoreLogic, Irvine, Calif., a global property information, analytics and data-enabled services provider, acquired Roostify, San Francisco, a digital mortgage technology provider.
MBA Chart of the Week Feb. 24 2023–Delinquency Rates by Credit Type
The latest credit delinquency data from both MBA and other sources indicates that delinquencies are rising. In MBA’s National Delinquency Survey, covering national and state delinquencies through the fourth quarter of 2022 revealed that the delinquency rate for mortgage loans on one‐to‐four‐unit residential properties rose to a seasonally adjusted rate of 4.96 percent of all loans outstanding at the end of the fourth quarter.
2022 Data Center Leasing Rises 40%; Vacancy at Record Low
CBRE, Dallas, said North American data center leasing reached record levels and vacancy fell to a record low in 2022, but constraints on building new data center capacity could hamper the sector’s continued growth.
New Home Sales Start New Year on Strong Note
January new home sales offered good news for an industry starved of good news as of late.