Category: News and Trends

Millennials poured $514 billion into the U.S. housing market over the past year as the largest generation of home buyers, said Zillow Inc., Seattle. But new survey data show their homeownership aspirations are stymied by affordability issues, frustration with the buying and selling process and a “cutthroat” housing market.

MIAMI–Chief risk officers here at the Mortgage Bankers Association’s Risk Management, QA and Fraud Prevention Forum shared what keeps them up at night.

MIAMI–Mortgage fraud cases have been a downward trend for more than a decade–all the more reason, said law enforcement officials here at the Mortgage Bankers Association’s Risk Management, QA and Fraud Prevention Forum, to be even more vigilant.

Ten years after the financial crisis, residential mortgage servicing is finally settling into a “new sense of normal,” said S&P Global, Dallas.

MIAMI–“Fraud is beginning to show itself in new and exciting ways,” said Don Effertz, vice president of risk management with DataVerify Inc., Chesterfield, Mo.

MIAMI–“Fraud is beginning to show itself in new and exciting ways,” said Don Effertz, vice president of risk management with DataVerify Inc., Chesterfield, Mo.

MIAMI–Financial regulators are focusing intently on lenders’ risk management organizations and practices. So is the Mortgage Bankers Association.

Mortgage Bankers Association President and CEO David Stevens, CMB, issued the following statement regarding the HUD Office of Inspector General Audit of Ginnie Mae’s Oversight of Nonbanks:

MIAMI–ACES Risk Management, Pompano Beach, Fla., said critical loan defect rates continued to increase in the first quarter.

Total commercial/multifamily mortgage debt outstanding rose to $3.06 trillion at the end of the second quarter, an increase of $48.7 billion, or 1.6%, from the first quarter, the Mortgage Bankers Association reported this morning.