Category: News and Trends

MIAMI–The government, it’s been said, moves slowly. But sometimes, the results are worth the wait.

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

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

The 2016 Home Mortgage Disclosure Act data were released late last week, along with a separate Federal Reserve analysis of the data. Here are some initial highlights:

MIAMI–The government, it’s been said, moves slowly. But sometimes, the results are worth the wait.

In response to requests by the Mortgage Bankers Association and its members, HUD yesterday issued a waiver of its policy on timeframes for completing inspection of properties in areas of Florida affected by Hurricane Irma.

CoreLogic, Irvine, Calif., said mortgage fraud risk increased in the second quarter by nearly 17 percent year over year.

Altisource Portfolio Solutions SA, Dallas, said 71 percent of mortgage default servicing professionals surveyed predicted FHA/VA loan volumes would increase within their organizations in the next 12 to 24 months.

For once, the question ahead of the Federal Open Market Committee’s regular policy meeting wasn’t about raising the federal funds rate. Instead, it focused on when it would formally begin winding down its purchases of mortgage-backed assets (the answer: October).

S&P Dow Jones Indices and Experian, New York, said major credit default indices rose for the second consecutive month in August, while three of the five major cities surveyed saw default rates rise.