More than half of aspiring homeowners say the current cost of living is too high or their income is not high enough to afford a down payment and closing costs for a home (51% and 54% respectively), reported Bankrate, New York.
Category: News and Trends
Carmine Cacciavillani from Blue Sage Solutions: How a Bridge in the Cloud Creates Endless Opportunities
Traditionally, mortgage bankers that both originate and service loans have operated these two business in separate siloes, often using separate, poorly integrated platforms for each.
MBA Chart of the Week: IMB Average UPB of Repurchased/Indemnified Loans
MBA Research recently analyzed repurchase and indemnification volume over a five-year period from the third quarter of 2018 through the third quarter of 2023.
MBA Applauds Efforts to Improve Loan Repurchase Requests; Calls for Better Alignment at the GSEs
MBA President and CEO Bob Broeksmit, CMB, issued a statement regarding recent moves by Fannie Mae and Freddie Mac to address loan repurchase requests.
Economic Outlook: ‘Some Momentum’ Going into 2024–#MBAServicing24
ORLANDO–The U.S. economy was stronger in 2023 than most analysts expected, according to Joel Kan, Vice President and Deputy Chief Economist with the Mortgage Bankers Association.
Redfin Reports Florida Condo Prices Falling as Insurance; HOA Fees Skyrocket
Prices of condos in some major Florida metros are dropping year-over-year and sales are declining as insurance costs and homeowners association fees climb, according to Redfin, Seattle.
MBA Chart of the Week: 2024 Commercial Mortgage Maturities Pushed Up by 2023 Extensions
Commercial mortgages tend to be relatively long-lived, spreading maturities out over several years.
ICE First Look: Delinquencies Down in January
Intercontinental Exchange Inc., Atlanta, released its “first look” at mortgage performance, reporting the national delinquency rate dropped to 3.38% in January. That’s the lowest level since October.
Laura Escobar on Unsung Heroes– #MBAServicing24
ORLANDO–Mortgage servicers are the backbone of the industry, according to Laura Escobar, 2024 MBA Chair-Elect and President of Lennar Mortgage, Miami.
FHA Establishes New Payment Supplement Loss Mitigation Home Retention Solution
The Federal Housing Administration on Wednesday published a Mortgagee Letter establishing a new Payment Supplement loss mitigation home retention solution.