First American Financial Corp., Santa Ana, Calif., released its Loan Application Defect Index for January, showing frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications increased by 4.6 percent compared December, the fifth consecutive monthly increase.
Category: News and Trends
Broeksmit: Servicers, Customers Need Consistent Standards
ORLANDO–Mortgage Bankers Association President and CEO Robert Broeksmit, CMB, said the mortgage servicing industry needs clear and definable standards to improve customer service and reduce costs. “Alignment of servicing standards …
Broeksmit: Servicers, Customers Need Consistent Standards
ORLANDO–Mortgage Bankers Association President and CEO Robert Broeksmit, CMB, said the mortgage servicing industry needs clear and definable standards to improve customer service and reduce costs. “Alignment of servicing standards …
Preparing for ‘When,’ Not ‘If,’ in Natural Disasters
ORLANDO–Floods. Hurricanes. Earthquakes. Volcanic eruptions. Wildfires. Tornadoes. And that was just 2018.
U.S. Homeownership Rate at Highest Level Since 2014
The U.S. homeownership rate rose to 64.8 percent in the fourth quarter, the Census Bureau reported yesterday, marking its highest rate since 2014.
FHFA Issues Final Rule on Uniform Mortgage-Backed Security
The Federal Housing Finance Agency yesterday issued a final rule that requires Fannie Mae and Freddie Mac to align programs, policies and practices that affect the cash flows of “To-Be-Announced”-eligible Mortgage-Backed Securities.
Preparing for ‘When,’ Not ‘If,’ in Natural Disasters
ORLANDO–Floods. Hurricanes. Earthquakes. Volcanic eruptions. Wildfires. Tornadoes. And that was just 2018.
Preparing for ‘When,’ Not ‘If,’ in Natural Disasters
ORLANDO–Floods. Hurricanes. Earthquakes. Volcanic eruptions. Wildfires. Tornadoes. And that was just 2018.
MBA Economic Forecast: ‘Slow, Steady Growth’ Amid Stronger Headwinds
ORLANDO–U.S. economic growth has been “slow and steady” for the past several years and is expected to stay that way, economists with the Mortgage Bankers Association said Wednesday.
MBA Vice Chair: Servicers at ‘Front Lines’ with Customers
ORLANDO–Mortgage Bankers Association Vice Chair Susan Stewart said mortgage servicers’ relationships with their customers are more important than ever.