The HUD Office of the Inspector General issued two audit reports Thursday examining the loss mitigation options that loan servicers provided to borrowers with FHA-insured loans after their COVID-19 forbearance ended.
Category: News and Trends
MISMO Seeks Public Comment on New Standardized Dataset for VA Verification of Benefits
MISMO®, the real estate finance industry’s standards organization, announced at its 2023 Spring Summit it is seeking public comment on a MISMO dataset mapping for the U.S. Department of Veterans Affairs Verification of Benefits (Form 26-8937).
Mortgage Cadence EVP of Services Jim Rosen: Seeing the Return From Our AI Investments
When we think of the investments that companies are making in new AI-powered software, the big tech firms spring to mind first. With Google investing over $300 billion and Facebook and Microsoft close behind, it’s clear that someone thinks “thar’s gold in them there mountains.”
Trepp: CMBS Special Servicing Rate Rises to 6.11%
Trepp, New York, reported its CMBS Special Servicing Rate climbed 49 basis points to 6.11% in May, marking its fourth sequential monthly increase.
Christine Chandler of M&T Realty Capital Corp. Nominated to Be 2024 MBA Vice Chair
The Mortgage Bankers Association announced that Christine Chandler, Executive Vice President, Chief Credit Officer and Chief Operating Officer with M&T Realty Capital Corp. (RCC), has been nominated to serve as MBA’s Vice Chair for the 2024 membership year.
CoreLogic Reports Borrowers See First Annual Home Equity Losses Since 2012
U.S. homeowners with mortgages saw their home equity decrease by 0.7% year-over-year–an average loss of $5,400 per borrower–according to CoreLogic, Irvine, Calif.
MISMO Seeks Public Comment on New Standardized Dataset for VA Verification of Benefits
MISMO®, the real estate finance industry’s standards organization, announced at its 2023 Spring Summit it is seeking public comment on a MISMO dataset mapping for the U.S. Department of Veterans Affairs Verification of Benefits (Form 26-8937).
David Allison from Dovenmuehle: Context Is Key in Formulating a Response to Mortgage Default Data
For those who attended MBA’s Servicing Solutions Conference in February, the unveiling of the delinquency data for the fourth quarter of 2022 caused quite a stir.
One-Third of Homebuyers Used Cash in April, Redfin Finds
Redfin, Seattle, reported 33.4% of home purchases in April were all-cash, almost the highest share in nine years and up from 30.7% in April 2022.
Commercial Real Estate Reset? A Special Servicing Roundtable
As property sale transactions and originations stall, MBA NewsLink interviewed two special servicing executives and a CMBS researcher to get their insights on the commercial real estate finance landscape and outlook.