The most flood-prone U.S. counties saw 384,000 more people move in than out in 2021 and 2022—a 103% increase from the prior two years, reported Redfin, Seattle.
Category: News and Trends
MBA: Home Equity Lending Volume Rose in 2022 as Home Renovations Drive Demand
Originations of open-ended Home Equity Lines of Credit and closed-end home equity loans increased 50% in 2022 compared to two years earlier. This is according to the Mortgage Bankers Association’s Home Equity Lending Study, released for the first time since 2020.
Devin Daly of TRUE: AI is Changing Quality Control and Transforming the Mortgage Industry
MBA NewsLink interviewed Devin Daly, Chief Revenue Officer with TRUE, about how AI is transforming the industry for mortgage borrowers, lenders and servicers.
Redfin Reports Migration Into Flood-Prone Areas Has More Than Doubled Since 2020
The most flood-prone U.S. counties saw 384,000 more people move in than out in 2021 and 2022—a 103% increase from the prior two years, reported Redfin, Seattle.
MISMO Releases White Paper Focused on Blockchain in Mortgage Industry
MISMO, the real estate finance industry’s standards organization, published Blockchain in the Mortgage Industry, a white paper that outlines findings on how blockchain technology could enhance the way mortgages are originated, serviced, sold and traded.
Black Knight: Seriously Delinquent Mortgages Tumble
In its “first look” release of June mortgage performance statistics, Black Knight, Jacksonville, Fla., found that seriously delinquent mortgages hit the lowest level in more than 15 years.
MBA: Share of Mortgage Loans in Forbearance Decreases to 0.44% in June
The Mortgage Bankers Association’s monthly Loan Monitoring Survey revealed the total number of loans now in forbearance decreased by 5 basis points to 0.44% of servicers’ portfolio volume as of June 30, 2023.
Quote Tuesday, July 25, 2023
“The consequences of climate change haven’t fully sunk in for many Americans because oftentimes, homeowners and renters don’t foot the whole bill when disaster strikes. Insurers and government programs frequently subsidize the cost of rebuilding after storms hit, and mortgages mean homeowners are ceding some risk to lenders—especially if their house goes into foreclosure after a storm.”
–Redfin Chief Economist Daryl Fairweather
MBA: Commercial, Multifamily Mortgage Delinquency Rates Increase Slightly
Delinquency rates for mortgages backed by commercial and multifamily properties increased slightly during the second quarter, the Mortgage Bankers Association’s latest commercial real estate finance Loan Performance Survey reported.
MBA: Share of Mortgage Loans in Forbearance Decreases to 0.44% in June
The Mortgage Bankers Association’s monthly Loan Monitoring Survey revealed the total number of loans now in forbearance decreased by 5 basis points to 0.44% of servicers’ portfolio volume as of June 30, 2023.