NEW ORLEANS–“I guarantee we’re going to scare some people. And if you’re not scared when we leave, you weren’t paying attention,” promised Brett Adams, Senior Vice President & Managing Director, Servicing, Berkadia, on a panel about guarding against cybercrime May 20.
Category: News and Trends
Servicing Quote Tuesday, May 21, 2024
“The number of loans in forbearance has remained stagnant for the first four months of 2024.”
–Marina Walsh, CMB, MBA’s Vice President of Industry Analysis
NewsLink Q&A With BSI Financial’s Larry Goldstone
MBA NewsLink interviewed BSI Financial Services’ Larry Goldstone about mortgage servicing rights values and profitability in 2024.
Clever Real Estate: 43% of New Homeowners Struggle With Payments
Clever Real Estate, St. Louis, released a new survey, with the findings that 43% of new homeowners report struggling to make on-time mortgage payments.
Broeksmit: U.S. Needs a National Housing Policy Director to Untangle ‘Regulatory Knots’
A new senior-level National Housing Policy Director would bring order to the “spider web” of federal agencies and policies that affect housing, MBA President and CEO Robert Broeksmit, CMB, said in a speech at the Exchequer Club in Washington, D.C.
MBA: Mortgage Delinquencies Increase Slightly in First Quarter
The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 3.94% of all loans outstanding at the end of the first quarter of 2024, according to the Mortgage Bankers Association’s National Delinquency Survey.
ATTOM: Foreclosure Activity Shows Slight Decline in April
ATTOM, Irvine, Calif., released its April 2024 U.S. Foreclosure Market Report, which shows there were a total of 31,649 U.S. properties with foreclosure filings–down 4% from a month ago and also down 4% from a year ago.
MBA Comments on the U.S. Supreme Court’s Decision in CFPB v. CFSAA
MBA President and CEO Bob Broeksmit, CMB, released a statement regarding the U.S. Supreme Court’s decision in Consumer Financial Protection Bureau v. Community Financial Services Association of America.
Servicing Quote Tuesday, May 14, 2024
“We share FSOC’s goals of a safe, stable, and sustainable financial services marketplace, but some of the report’s recommendations are unnecessary.” –MBA President and CEO Bob Broeksmit, CMB
Discover Home Loans: Homeowners Leaning Toward Renovation Amid Current Rates
Discover Home Loans, Riverwood, Ill., in a recent survey found 84% of American homeowners who were planning to buy a new home said their decisions have been affected by high interest rates.