More than 33 million homes across the United States face hurricane wind risk–including many in areas that are not fully prepared to weather the storms–a new report from Cotality finds.
Category: News and Trends
Servicing Quote of the Week
“MBA has been a fierce advocate for distressed veteran homeowners, working with a bipartisan group of lawmakers, Veterans Affairs (VA) staff, and our members to help keep them in their homes since the VA’s previous loss mitigation solution was terminated during the pandemic without a replacement.”
–MBA’s President and CEO Bob Broeksmit, CMB
MBA Applauds House Passage of VA Partial Claims Bill
MBA’s President and CEO Bob Broeksmit, CMB, released a statement on the passage of the VA Home Loan Program Reform Act (H.R. 1815) in the U.S. House of Representatives.
An MSR Update from MIAC Analytics
The U.S. Treasury 10-year closed April at 4.17%, from 4.23% at the end of March. Despite the slight downtick in rates, investor demand for MSRs remains strong, with select offerings clearing at mid to high 6x execution multiples.
Protecting CRE Servicing from Fraud
HOLLYWOOD, FLA.–Keeping ahead of fraudulent activity is essentially a full-time function for mortgage servicers, panelists said here at MBA’s Commercial/Multifamily Finance Servicing and Technology Conference.
Bill Pulte on What’s Next for Federal Housing, Conservatorship and Transparency
NEW YORK–“I think federal housing has been underrepresented,” said Federal Housing Finance Agency Director Bill Pulte. “I think this room has been underrepresented historically at the federal level.”
MBA’s Bob Broeksmit Shares Optimistic Outlook for Mortgage Industry
NEW YORK–Mortgage Bankers Association President and CEO Bob Broeksmit, CMB, shared his views on the industry from the main stage at MBA’s Secondary and Capital Markets Conference, offering a largely positive outlook.
Nearly Half of Homeowners Have Some Regret About Purchasing Their Home
Nearly half of current homeowners–45%–report having at least one regret about the purchase of their current home, according to a new survey from Bankrate, New York.
MBA Statement on the Passage of the House Reconciliation Bill
MBA President and CEO Bob Broeksmit, CMB, released a statement on the passage of the Republican-led tax and spending package in the U.S. House of Representatives.
Panelists Outline Challenges to Releasing GSEs, Possibility of Guarantee
NEW YORK–“In any market system where you have some lack of clarity, there’s a price to that,” said Scott Ulm, CEO and Vice Chairman of ARMOUR Residential Reit Inc. “Undoubtedly, the more ambiguity you put into it, the higher the price gets.”