Category: News and Trends

Composite default rates, driven largely by a spike in bank card defaults but also in first mortgage defaults, increased in January, reported S&P Down Jones and Experian, New York.

U.S. residential markets affected by strong hurricanes in 2017 are trending toward recovery, said Fitch Ratings, New York.

The House yesterday passed a Mortgage Bankers Association-supported bill that amends the TILA/RESPA Integrated Disclosure rule and support flexibility for mortgage loan originators.

CoreLogic, Irvine, Calif., said 5.1 percent of mortgages were in some stage of delinquency (30 days or more past due including those in foreclosure) in November, just slightly below the level from a year ago.

More than 130 mortgage banking leaders from 40 states, including current and former officers of the Mortgage Bankers Association, sent an open letter to Congress Tuesday emphasizing the need for comprehensive secondary mortgage market reform.

DALLAS–You’ve seen it with Uber, Amazon and other companies bringing new models to traditional businesses. And disruption is already rampant in the mortgage servicing industry.

SAN DIEGO–The Mortgage Bankers Association released its year-end ranking of commercial and multifamily mortgage servicers’ volumes as of December 31.

SAN DIEGO–The Mortgage Bankers Association said 6 percent, or $102.2 billion, of the $1.8 trillion outstanding commercial and multifamily mortgages held by non-bank lenders and investors will mature in 2018, a 42 percent decrease from $175.9 billion in 2017.

DALLAS–Your borrowers are watching, says Joseph Dombrowski, Director of Product Management & Chief Mortgage Strategist with Fiserv, Brookfield, Wis.

DALLAS–Your borrowers are watching, says Joseph Dombrowski, Director of Product Management & Chief Mortgage Strategist with Fiserv, Brookfield, Wis.