The Mortgage Bankers Association’s Servicing Solutions Conference & Expo 2022 takes place Feb. 22-25 at the Hyatt Regency Orlando.
Category: News and Trends
MBA Offices Closed Nov. 25/26
Mortgage Bankers Association offices will be closed on Thursday, Nov. 25 and Friday, Nov. 26 in observance of the Thanksgiving holidays.
Keeping Current With Midland Loan Services’ David Harrison
MBA Newslink interviewed Midland Loan Services’ Chief Operating Officer, David Harrison who leads the industry’s largest third-party servicing operation
Q3 Fraud Risk Index Falls by 4.6%
CoreLogic, Irvine, Calif., said its National Mortgage Application Fraud Risk Index decreased by 4.6% in the third quarter, from 132 in the second quarter and from 126 a year ago.
To the Point with Bob: Servicers are Helping Borrowers Through the Pandemic
Policymakers have gone to great lengths to provide servicers and borrowers the tools they need to bring about a successful resolution in the vast majority of cases. I hope that policymakers will continue to allow servicers to do what they do best – help their customers.
CFPB Issues RFI on Detecting Discrimination in Mortgage Lending
The Consumer Financial Protection Bureau on Nov. 16 issued a Request for Information seeking input on rules implementing the Home Mortgage Disclosure Act.
FHFA Releases 2022 Scorecard for GSEs, CSS
The Federal Housing Finance Agency on Wednesday released its 2022 Scorecard for Fannie Mae, Freddie Mac and Common Securitization Solutions LLC.
3Q Home Auction Prices Up 15%; 3 in 5 Consumers Would Consider Buying Home at Auction
Strong demand for distressed properties lifted the average sale price at foreclosure auction to an eight-year high and generated surplus funds above total debt owed for nearly half of homes sold at foreclosure auction in the third quarter, said Auction.com, Irvine, Calif.
Redfin: Investors Bought Record 18% of 3Q Homes for Sale
Redfin, Seattle, said real estate investors bought a record 18.2% of the U.S. homes purchased during the third quarter, up from a revised 16.1% in the second quarter and 11.2% a year earlier.
Quote
“The tremendous work that independent mortgage companies, banks, and credit unions have done to help borrowers stay in their homes despite the severe disruption in employment and income should not be overlooked. A reason for the success thus far has been the lessons we all learned from the last financial crisis, not the least of which is the importance of clear, honest communications between borrower and servicer.”
–MBA President & CEO Robert Broeksmit, CMB.