MBA’s President and CEO Bob Broeksmit, CMB, released the following statement on the passage of the bipartisan Homebuyers Privacy Protection Act (S. 1467) in the U.S. Senate:
Category: News and Trends
The Evolution of POS Technology (sponsored by Cloudvirga)
It’s always interesting to watch how market conditions intersect with technological developments to drive the evolution of an industry, shaping the creation of new products and services. We only have to look at the mortgage industry, more specifically, mortgage point-of-sale (POS) solutions, to see this occurring. Like much of the mortgage sector, POS platforms are undergoing a dramatic transformation.
MBA NewsLink Q&A With Clarifire’s Jane Mason: How Smart Automation Supports Borrower Services
Clarifire’s Jane Mason discusses how smart automation supports borrower services in this Q&A.
Survey Finds Gaps in Americans’ Knowledge of Credit Scores
A new survey found that 24% of Americans haven’t checked their credit score in the past year.
ATTOM: Foreclosure Activity Falls Slightly in May
ATTOM, Irvine, Calif., released its May 2025 U.S. Foreclosure Market Report, showing there were 35,498 U.S. properties with foreclosure filings in the month. That’s down 1% from April, but up 9% year-over-year.
To the Point With Bob: Could a Single Credit Report Model Work for the Mortgage Industry?
Federal Housing Finance Agency (FHFA) Director Bill Pulte – both onstage last month at MBA Secondary and in several media interviews – has stressed that he is focused on lowering consumer costs and improving efficiency across the mortgage ecosystem, writes MBA President & CEO Bob Broeksmit, CMB.
Hidden Costs of Homeownership Average $21,400 Annually, Bankrate Reports
The average annual hidden costs associated with homeownership for a single-family home in the United States total $21,400, a new study from Bankrate found.
Chart of the Week: SERC Mortgage Credit Risk Index
An updated measure of GSE-eligible credit risk was recently released by the Smith Enterprise Risk Consortium (SERC) at the University of Maryland’s Robert H. Smith School of Business.
Servicing Quote of the Week
“Mortgage delinquency rates held steady at a low level in the first quarter of 2025. Roughly 40% of metropolitan areas showed increases in the overall delinquency rate, comparable to the share from the fourth quarter of 2024,”
–Molly Boesel, Senior Principal Economist at Cotality
Advocacy Victory: Maryland OFR Rescinds Mortgage Trust Licensing Policies Following Enactment of MBA-Supported Legislation
Recently the Maryland Office of Financial Regulation (OFR) announced that it rescinded its previous guidance that required the licensing of passive mortgage trusts following advocacy from the Mortgage Bankers Association (MBA) and the Maryland Mortgage Bankers and Brokers Association (MMBBA).