Category: News and Trends

Frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications were unchanged in July after seven consecutive monthly increases, said First American Financial Corp., Santa Ana, Calif., suggesting such defects could be at a “turning point.”

Lien and judgment data are important, because it reflects on a borrower’s character as well as his or her propensity and ability to pay. If that’s true, then why aren’t the bureaus reporting that data anymore?

Lien and judgment data are important, because it reflects on a borrower’s character as well as his or her propensity and ability to pay. If that’s true, then why aren’t the bureaus reporting that data anymore?

The Mortgage Bankers Association has prepared numerous resources for homeowners and renters affected by Hurricane Harvey.

The Mortgage Bankers Association has prepared numerous resources for homeowners and renters affected by Hurricane Harvey.

The Mortgage Bankers Association has prepared numerous resources for homeowners and renters affected by Hurricane Harvey.

Yesterday, federal agencies issued a notice of proposed rulemaking that would pause Basel III implementation for certain assets, a development long advocated by the Mortgage Bankers Association.

Fannie Mae, Washington, D.C., said to remain competitive, lenders are streamlining business processes, improving the consumer experience and investing in human capital.

New refinance programs announced by Fannie Mae and Freddie Mac should provide incremental support in the event of future home price declines, said Fitch Ratings, New York.

The Mortgage Bankers Association’s most recent National Delinquency Survey results show continuing resolution of distressed loans and fewer foreclosure starts have helped to reduce the number of loans in the foreclosure process to its lowest level since first quarter 2007.