As 2024 gets into full swing, it’s critical that lenders are aware of trends impacting--or that have the potential to impact--the current mortgage lending landscape.

Fitch Ratings, New York, said it expects banks’ asset-quality metrics to deteriorate for certain U.S. multifamily loans as borrowers will face elevated risks from higher refinancing rates and valuation pressures as loans mature over the next few years.

How will you be using Artificial Intelligence tomorrow? How will you be using Generative AI the day after you read this article?

The Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance decreased by 1 basis point from 0.23% of servicers’ portfolio volume in the prior month to 0.22% as of Jan. 31, 2024.

Industry news from LoanCare, Dovenmuehle, Insellerate, OptifiNow and Snapdocs.

Exceptional customer experiences transform lives. That’s especially true in mortgage servicing, where the experience we’re supporting is home ownership – and all the well-being, wealth-building and financial commitment that entails.