December New Home Purchase Mortgage Applications Dip But Finish Year Strong
The Mortgage Bankers Association this morning said mortgage applications for new home purchases in December fell by 5 percent from November but improved by nearly 39 percent from a year ago.
To the Point with Bob: Reducing False Claims Act Risk in FHA Lending
In the latest entry of his blog series, To the Point with Bob, Mortgage Bankers Association President and CEO Bob Broeksmit, CMB, discusses HUD’s efforts to improve the FHA loan review process, as well as MBA’s advocacy to support those efforts.
ATTOM: 2019 U.S. Foreclosure Activity at 15-Year Low
ATTOM Data Solutions, Irvine, Calif., released its Year-End 2019 U.S. Foreclosure Market Report, which showed foreclosure filings fell by 21 percent from 2018 and by 83 percent from a year ago.
CoreLogic: With QM GSE ‘Patch’ Set to Expire, Impact Warrants Closer Investigation
In two blog posts this week, CoreLogic, Irvine, Calif., said expiration of the Consumer Financial Protection Bureau’s Qualified Mortgage “GSE Patch” has thus far resulted in little distinction in loan delinquencies in certain rate spread categories, but noted closer investigation is warranted.