Category: News and Trends

ORLANDO–By now, most people in the mortgage servicing industry know that, to some degree, they are defined by the nightmare scenarios that have become fodder for media, regulators and members of Congress.

ORLANDO–So, mortgage servicer, how do you know you’re doing a good job?

ORLANDO–The Mortgage Bankers Association forecasts modest growth for the U.S. economy, with stronger demand for housing despite anticipated increases in mortgage interest rates. “The U.S. economy feels like it has …

ORLANDO–In the aftermath of the biggest housing crisis in this country’s history, preserving and improving once-vibrant neighborhoods has become a major priority for both housing officials and mortgage servicers.

According to the Mortgage Bankers Association’s National Delinquency Survey, there were increases in the foreclosure starts rate during fourth quarter 2015 in a handful of states that have economies closely tied to the oil industry.

After 18 months of falling oil prices, the downturn’s ripple effect spilled over into energy-related commercial mortgage-backed securities loans, said Kroll Bond Rating Agency, New York.

RealtyTrac, Irvine, Calif., reported a 9.3 percent drop in vacant residential properties since the third quarter, which could cause upward pressure on home prices and rents.

Recent developments with the Telephone Consumer Protection Act could expose mortgage servicers to significant liability, the Mortgage Bankers Association told several government agencies this week.

MISMO updated its residential standards in support of multiple regulatory and industry reporting requirements. 

HOPE NOW reported nearly 100,000 mortgage assistance actions for homeowners in November, saying foreclosure alternatives outnumbered completed foreclosure sales by a four-to-one margin.