Amid worsening affordability in the U.S., people in the Washington, D.C., metro area have the most money left over after they pay their mortgage, said Zillow Inc., Seattle.
Category: News and Trends
MBA, Trade Groups Ask Agencies to Delay CECL Accounting Standard
The Mortgage Bankers Association and nearly a dozen industry trade groups asked federal agencies to delay the January 2020 implementation of controversial accounting standard, saying more analysis of potential consequences to lenders and consumers is needed.
CFPB Issues Advance Notice of Proposed Rulemaking on PACE Financing
The Consumer Financial Protection Bureau yesterday issued an Advance Notice of Proposed Rulemaking on residential Property Assessed Clean Energy (PACE) financing.
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 …
Home Flipping Falls to 7-Year Low in 2018
ATTOM Data Solutions, Irvine, Calif., said home flipping activity fell in 2018 by nearly 4 percent from a year earlier to its lowest level since 2011.
Falling Rates Drive Jump in Loan Defect Risk
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.
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.