Category: News and Trends

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.

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

The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 5.17 percent of all loans outstanding at the end of the fourth quarter, the Mortgage Bankers Association reported yesterday.

Ahead of the Mortgage Bankers Association’ National Delinquency Survey release, ATTOM Data Solutions, Irvine, Calif., said 9.3 percent of all U.S. properties with a mortgage were seriously underwater (LTV of 125+) at the end of the fourth quarter, down from 9.6 percent a year ago.

Loan application defects, fraud and misrepresentation increased by more than 20 percent in 2017, and that figure could rise in 2018 as mortgage interest rates rise, said First American Financial Corp., Santa Ana, Calif.