Nearly 47% of transactions on an $80 billion portfolio of residential, commercial and business purpose loans had issues leading to a risk of wire and title fraud during the first quarter, according to FundingShield, Newport Beach, Calif.
Category: News and Trends
ATTOM: Average Property Taxes on Single-Family Homes Up 2.7% in 2024
ATTOM, Irvine, Calif., released its 2024 property tax analysis, finding that the average tax on a single-family home last year was $4,172 in 2024, a 2.7% increase from the previous year.
Servicing Quote of the Week
“Overall mortgage performance improved in March, with more borrowers making their mortgage payments and fewer borrowers in forbearance and loan workouts compared to the prior month.”
–MBA’s Vice President of Industry Analysis Marina Walsh, CMB
MBA: Share of Mortgage Loans in Forbearance Decreases Slightly to 0.36% in March
The Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance decreased by 2 basis points from 0.38% of servicers’ portfolio volume in the prior month to 0.36% as of March 31, 2025.
MBA Statement on FHA’s Adoption of New Loss Mitigation Safeguards
MBA’s President and CEO Bob Broeksmit, CMB, released a statement on the Federal Housing Administration’s (FHA) adoption of new loss mitigation safeguards.
MBA Premier Member Editorial: How AI Can Help Turn Customer Experience Into a Revenue Engine
For mortgage servicers and lenders, the contact center has long been viewed as a cost of doing business–a necessary function to resolve issues, manage complaints, and stay compliant. But what if AI could make that very same function a source of strategic growth?
Mary Kay Scully From Enact: Adding Value–Becoming an Appraisal Expert
People are becoming increasingly interested in how much their house is worth, which has put appraisal accuracy under the microscope.
ATTOM: U.S. Foreclosure Activity Up in Q1
ATTOM, Irvine, Calif., reported that there were 93,953 U.S. properties with a foreclosure filing in Q1, up 11% from Q4 2024, but down 2% from last year’s first quarter.
82% Consider Homeownership Part of the American Dream, Bankrate Finds
More than eight in 10 Americans consider homeownership to be part of the American Dream, up from 78% last year and 74% in 2023, according to Bankrate, New York.
Independent Mortgage Bankers Post Net Production Profits in 2024
Independent mortgage banks and mortgage subsidiaries of chartered banks reported an average profit of $443 on each loan they originated in 2024, up from an average loss of $1,056 per loan in 2023.