The mortgage industry is undergoing a major transformation. Borrowers now expect the same convenience, speed and transparency from their mortgage servicer that they experience with their digital banking, retail and streaming experiences. At the same time, servicing mortgage loans presents increasing complexity. This situation compels lenders to navigate an evolving regulatory landscape while striving for operational efficiency.
Category: News and Trends
ATTOM: Foreclosure Activity in First-Half 2025 Increases From 2024
ATTOM, Irvine, Calif., found there were a total of 187,659 U.S. properties with a foreclosure filing in the first six months of this year–up 5.8% from the same period in 2024 and 1.1% from the same period in 2023.
MBA Applauds Crucial Senate Passage of VA Partial Claims Bill
MBA’s President and CEO Bob Broeksmit, CMB, released a statement on the Senate’s passage of the VA Home Loan Program Reform Act (H.R. 1815) by unanimous consent.
Redfin: Almost One-Quarter of Young Buyers Used Gift or Inheritance in Down Payment
Redfin, Seattle, released a new study finding that 23.8% of Gen Z or millennials who recently bought a home used some form of family money to help fund their down payment.
MISMO Publishes Updated eVault Standards and SMART Doc Validation Rules
MISMO, the real estate finance industry’s standards organization, published revisions to the eVault Standards and SMART Doc Validation Rules. This standard increases interoperability and trust between partners trading eNotes.
Chart of the Week: Selected Indexes of Housing Costs
The elevated cost burden of purchasing a new home since interest rates rose precipitously in 2022, has continued through mid-2025.
Servicing Quote of the Week
“Our organizations stand ready to partner with the GSEs to resolve these questions quickly. Strong and fast collaboration between GSEs and industry stakeholders will be necessary to realize the vision of true competition for credit scores and lower costs for consumers.”
–The Mortgage Bankers Association, American Bankers Association, Housing Policy Council and Structured Finance Association joint statement on the FHFA recent announcement on credit scores
The Hidden Risk Lurking Between Closing and Servicing Transfer
Blue Sage Solutions’ David Aach discusses a critical but often overlooked phase between the celebratory handshake and the loan’s transfer to a permanent servicer: interim servicing.
Cotality: Taxes, Insurance Appear to Drive Some Increase in Serious Delinquencies
Cotality, Irvine, Calif., released a new report analyzing the effects of property taxes and insurance in states seeing upticks in serious mortgage delinquencies.
ALTA: Title Insurance Premium Volume Increases
Title insurance premium volume increased 15.6% between first-quarter 2024 and first-quarter 2025, the American Land Title Association reported.