Total nonfarm payroll employment rose by 353,000 in January, with the unemployment rate flat at 3.7%, the Bureau of Labor Statistics reported Feb. 2.
Category: News and Trends
ATTOM: Portion of Equity-Rich Homes Dips Slightly in Q4
ATTOM, Irvine, Calif., released its fourth-quarter 2023 U.S. Home Equity & Underwater Report, showing 46.1% of mortgaged residential properties in the U.S. were considered equity-rich, a slight drop from 47.4% in the third quarter.
Servicing Quote Tuesday, Feb. 6, 2024
“There are increasing signs suggesting that the extended period of prosperity in the U.S. housing market may be showing signs of easing.”
–Rob Barber, CEO for ATTOM
Servicing Quote Tuesday, Jan. 30, 2024
“The hard work continues in 2024,”
–MBA President and CEO Robert Broeksmit, CMB
MISMO Calls for Participants to Join New Workgroup on Application for Mortgage Insurance Benefits
MISMO, the real estate finance industry’s standards organization, issued a call for industry professionals to join a new development workgroup (DWG) focused on creating an enhanced replacement for the existing EDI (Electronic Data Interchange) 260 Application for Mortgage Insurance Benefits.
Deadline Extended: Nominate Someone for MBA NewsLink Tech All-Star Award
The deadline for the MBA NewsLink 2024 Tech All-Star Awards nomination period has been extended. There is no entry fee.
Fitch Says Weaker Collateral for Non-QM/Non-Prime 2023 RMBS Leads to Elevated Delinquency Rate
Fitch Ratings, New York, said delinquencies for non-QM 2023-vintage RMBS transactions are higher than the 2022 vintage, reflection weaker collateral attributes.
FundingShield: Q4 2023 Analytics Show Significant Risk for Wire, Title Fraud
FundingShield, Newport Beach, Calif., reported wire and title fraud risk reached a high of 51.8% of loans on a $61 billion portfolio having at least one risk issue in the fourth quarter.
ICE ‘First Look’ for December: Foreclosure Starts at 18-Month Low
Intercontinental Exchange Inc., Atlanta, released its “first look” at mortgage performance data for December, noting that at 24,000, foreclosure starts marked an 18-month low in new activity. Total active foreclosures are the lowest since March 2022, and 25% below pre-pandemic levels.
Freddie Mac’s Kevin Kauffman on DPA, Repurchases: #MBAIMB24
NEW ORLEANS–It’s important to solve problems together as an industry, Freddie Mac Vice President of Single-Family Client Engagement Kevin Kauffman said here at MBA’s Independent Mortgage Bankers Conference.