Advocacy Update: CFPB Latest – APOR Published; Jonathan McKernan Emerges as New Nominated Director of CFPB
This week’s top legislative and policy news from the Mortgage Bankers Association.
Optimal Blue: Refinance Activity Surges in January
Optimal Blue, Plano, Texas, reported that refinance activity jumped year-over-year in January, by 20.1% for cash-out refinance lock volume and 21.7% for rate/term refinance.
ACES: Q3 2024 Critical Defect Rate Falls
ACES Quality Management, Denver, released its Q3 Mortgage QC Trends Report, finding the overall critical defect rate declined from the second quarter by 17%. The overall rate ended the quarter at 1.51%.
