Mortgage Credit Availability Increased in July

Mortgage credit availability increased in July according to the Mortgage Credit Availability Index, a Mortgage Bankers Association report that analyzes data from Ellie Mae’s AllRegs® Market Clarity® business information tool.

Millennial Homeownership ‘Delayed, Not Denied’

Despite the economic effects of the coronavirus pandemic, millennials appear poised to fuel a “Roaring ’20s” of homeownership demand, said First American Financial Corp., Santa Ana, Calif.

Industry Briefs June 16, 2020

To help limited English proficiency borrowers who are experiencing mortgage-related difficulties due to the coronavirus national emergency, the Federal Housing Finance Agency added new translations to the Mortgage Translations website. Site visitors can now choose English, Spanish, traditional Chinese, Vietnamese, Korean, or Tagalog when accessing scripts that servicers use when discussing COVID-19 forbearance with borrowers.

Industry Briefs

Stewart Information Services Corp., Houston, acquired United States Appraisals. Stewart said the acquisition strengthens its digital real estate services offering in appraisal and valuation management and enhances its existing title insurance, settlement services, appraisal/valuation and other real estate services.

(#MBALive) Cybersecurity in a Remote-Work Environment

Security worries have grown as more people work remotely due to the pandemic, so it is more important than ever to consider security considerations for the teleworking environment.

(#MBALive) Cybersecurity in a Remote-Work Environment

Security worries have grown as more people work remotely due to the pandemic, so it is more important than ever to consider security considerations for the teleworking environment.

Industry Briefs

Black Knight, Jacksonville, Fla., said its McDash Flash Forbearance Tracker, as of May 19, reported 4.75 million homeowners – or 9.0% of all mortgages – have entered into COVID-19 mortgage forbearance plans. Active forbearance volumes increased by just 93,000 over the past week, a more than 70% decline from the 325,000 from the first week of May.