Category: News and Trends

CoreLogic, Irvine, Calif., reported a nearly 9 percent decrease in mortgage fraud risk during the second quarter.

Fannie Mae and Freddie Mac announced updates to their representation and warranty framework that governs the rights and responsibilities lenders face when selling loans to the GSEs.

Fannie Mae and Freddie Mac released guidance to sellers, outlining good-faith compliance standards during initial implantation of the Consumer Financial Protection Bureau’s new TILA/RESPA Integrated Disclosure rules.

RealtyTrac, Irvine, Calif., reported just over 20,000 “zombie” homes in the foreclosure process in the third quarter, down by 27 percent from the second quarter and down by 43 percent from a year ago.

The commercial mortgage-backed securities delinquency rate dropped significantly in September after four months of negligible movement, reported Trepp, New York.

During the second quarter, multifamily mortgage debt outstanding topped $1 trillion for the first time.

MBA NewsLink recently posed questions to Jeffrey Hulett, managing director with KPMG LLP in Tysons Corner, Va. 

The Mortgage Bankers Association, in a survey released last week, illustrated to the Consumer Financial Protection Bureau its continued concerns that a lack of a formal compliance grace period could make the Bureau’s TILA/RESPA Integrated Disclosure rule harmful to consumers, lenders and vendors.

Black Knight Financial Services, Jacksonville, Fla., said cash-out mortgage refinancings in August reached their highest level in five years.  

Technology improves data quality and reduces chances of material defects being introduced at the closing table.