Attorney opinions, in providing more limited coverage of title risks, represent a shifting of risk to the lender because they are responsible for representations and warranties for the life of the loan that pertain to clear title and first-lien enforceability.
Category: News and Trends
Voting for 2023 MBA Officers, New & Returning Directors Underway; Deadline TODAY
The voting period for election of the Mortgage Bankers Association’s FY 2023 officers and new and returning directors is underway. Voting ends at 5:00 p.m. ET on Friday, Oct. 14.
Call for Speakers: MBA Servicing Solutions Conference & Expo: Deadline TODAY
Speaking opportunities for breakout sessions continue to be accepted for The Mortgage Bankers Association’s Servicing Solutions Conference & Expo 2023, taking place February 21–24 at Hyatt Regency Orlando.
Quote
“Lowering the annual MIP would help reduce the cost of buying a home with an FHA mortgage, and ending the life of loan requirement would contribute to building wealth through homeownership in the Black community.”
–From an MBA/Black Homeownership Collaborative letter to HUD urging it to reduce FHA mortgage insurance premiums.
Bob Caruso of ServiceMac on Changes in Mortgage Servicing and Subservicing
Bob Caruso is CEO of ServiceMac LLC, Fort Mill, S.C., a wholly owned subsidiary of First American Financial Corp.
Fannie Mae: Housing Sentiment Near Record Low
Fannie Mae, Washington, D.C., said its Home Purchase Sentiment Index fell by another 1.2 points in September to 60.8, its seventh consecutive monthly decline and its lowest level since 2011, amid growing affordability constraints.
Take Your DEI Strategy to the Next Level with MBA’s DEI Playbook
Expand or develop your organization’s Diversity, Equity and Inclusion strategy with MBA’s DEI Playbook.
MBA Annual22: ConcertMBA Presents Darius Rucker
Singer-songwriter Darius Rucker takes the Concert MBA stage at the MBA Annual Convention & Expo in Nashville.
CBRE: Record Low Data Center Vacancies Despite Increased Supply in H1 2022
The North American data center market added significant new supply this year, but overall vacancy declined to a record low, reported CBRE, Dallas.
Bob Caruso of ServiceMac on Changes in Mortgage Servicing and Subservicing
Bob Caruso is CEO of ServiceMac LLC, Fort Mill, S.C., a wholly owned subsidiary of First American Financial Corp.