The headwinds facing mortgage transactions continued unabated in 2024 as home prices reached new record highs while the 30-year mortgage rate rose back over 7%. One sector that effectively dealt with these impediments was the homebuilders.

As a result of the increasing costs and negative customer experiences reported, mortgage servicing companies are seeking technology solutions that leverage artificial intelligence to more effectively answer customer questions and resolve incoming customer inquiries.

CoreLogic, Irvine, Calif., reported that the U.S. overall delinquency rate was flat year-over-year, but dropped slightly from November.

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This week’s top legislative and policy news from the Mortgage Bankers Association.

Berkadia, Ambler, Pa., released its latest Multifamily Powerhouse Poll Outlook, finding that respondents expect increased multifamily transaction activity this year, driven by improving economic outlook.