The spring housing market began on stronger footing, buoyed by improved affordability and slowly rebuilding inventory despite the recent uptick in interest rates, according to the latest ICE Mortgage Monitor report.
Category: News and Trends
MBA RIHA Report: Stabilizing Vulnerable Homeowners in a Time of Crisis–Insights from the Homeowner Assistance Fund
Stabilizing Vulnerable Homeowners in a Time of Crisis: Insights from the Homeowner Assistance Fund, RIHA’s study, examines the impact of the $10 billion federal program launched in 2021 to support homeowners affected by the COVID-19 pandemic.
Lenders Must Dive Into UAD 3.6 or Risk Getting Left Behind: A Q&A with ServiceLink’s Liz Green
UAD 3.6 is here. If lenders haven’t started preparing for this monumental shift in the valuation world, now is the time to start. MBA NewsLink interviewed Liz Green, senior vice president of valuation solutions at ServiceLink, about her insights into UAD 3.6, what it means for the industry and how lenders can ensure they and the appraisers they work with are ready for the change.
VantageScore CreditGauge: Average Score Increases to 701 as Lenders Boost New Credit
Lenders shrugged off macroeconomic headwinds and increased their new credit accounts to top-tier consumers, according to the latest VantageScore CreditGauge report.
Broeksmit Addresses Tri-Merge Requirement in Wall Street Journal Letter to the Editor
The Wall Street Journal published a letter to the editor Wednesday from Mortgage Bankers Association President and CEO Robert Broeksmit, CMB, on the subject of letting mortgage lenders underwrite some loans based on a single credit report.
MBA Premier Member Q&A: Cotality’s Shawn Telford on Collateral-Related Loan Defects
At the end of last year, Fannie Mae warned lenders about collateral-related loan defects that should have been detected in appraisal reviews. MBA NewsLink sat down with Shawn Telford, chief valuation officer at Cotality, to discuss the GSE’s concerns and what the industry should be doing to address them.
Jobs Increase by 178,000 in March; MBA Economist Weighs In
Total nonfarm payroll employment increased by 178,000 in March, the Bureau of Labor Statistics reported.
ALTA Study Highlights Complexity of Title Production
The American Land Title Association, Washington, D.C., released a new survey of title professionals finding that more than 80% of real estate purchase transactions require reviewing at least 11 documents.
Empty-Nest Boomers Own 28% of Large Homes; Millennials Own Just 16%, Redfin Reports
Empty-nest Baby Boomers own nearly twice as many U.S. homes with three or more bedrooms as Millennial families do, according to a new report from Redfin, Seattle.
New Research Finds Rising Insurance Premiums Influence Mortgage Delinquencies, Relocations
New research indicates that rising homeowners’ insurance premiums add to the financial burden of households struggling with mounting housing costs and could lead to mortgage delinquencies and even relocation.