Category: News and Trends

The vast majority of servicing professionals said their organization is currently investing to improve the condition of REO properties under management and most said their organization is currently making a significant investment, said Altisource Portfolio Solutions S.A., Luxembourg.

The House on Tuesday approved legislation overhauling the National Flood Insurance Program, a key plank in the Mortgage Bankers Association’s legislative agenda this year.

CoreLogic, Irvine, Calif., said mortgage delinquency rates fell to their lowest levels since 2007 in the third quarter and foreclosure inventory rate fell to its lowest level since 2006.

The Mortgage Bankers Association has created a summary that compares Senate and House versions of tax reform legislation currently wending through Congress.

Ahead of the Mortgage Bankers Association’s 3rd Quarter National Delinquency Survey release this Friday, ATTOM Data Solutions, Irvine, Calif., said its quarterly analysis showed seriously underwater properties fell by nearly one million properties from the second quarter.

The Federal Housing Finance Agency will allow Fannie Mae and Freddie Mac limited re-entry into the Low-Income Housing Tax Credit market as equity investors effective immediately, the agency said.

Senate Banking Committee Chairman Mike Crapo, R-Idaho, and a bipartisan group of cosponsors introduced a regulatory relief package this week that could ease certain Dodd-Frank Act restrictions on banks, a compromise praised by the Mortgage Bankers Association.

Summer hurricanes and payment timing issues drove an uptick in early stage mortgage delinquencies, the Mortgage Bankers Association reported Friday.

The Mortgage Bankers Association offered comments and recommendations to the Consumer Financial Protection Bureau on its Draft Strategic Plan for Fiscal Years 2018-2022.

Black Knight, Jacksonville, Fla., said residual impact of summer hurricanes triggered a second consecutive monthly increase in mortgage delinquencies.