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Category: News and Trends
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.
Fannie Mae’s Tim McCallum Discusses 2024 Expectations: #MBAIMB24
NEW ORLEANS–Tim McCallum, senior vice president and head of single-family business account management at Fannie Mae, sees more optimism in the market today than in recent months.
Total Expert’s Joe Welu: Retention Is the Key to Winning the 2024 Refi Surge
We knew it was coming—eventually. After 11 rate hikes starting in March 2022, the Fed in December 2023 signaled its intentions to lower rates through 2024. With mortgage rates already dropping, virtually everyone that bought a home in the last 18 months will benefit from a refinancing conversation with their lender.
Broeksmit Discusses Recent Wins, Current Challenges: #MBAIMB24
NEW ORLEANS–In the face of a difficult business climate, the Mortgage Bankers Association is fighting for Independent Mortgage Bankers every day to ensure they can deliver for borrowers, MBA President and CEO Robert Broeksmit, CMB, said here at MBA’s Independent Mortgage Bankers conference.
Optimal Blue: December Brought Significant Growth in Rate/Term Refinance Volume
Interest rate drops in late 2023 spurred big changes, including a 43% increase in rate/term refinance volume between November and December, according to Optimal Blue, Plano, Texas.
New MBA Commercial Property Inspection Form Reflects Industry Collaboration
As of Jan. 1, a new property inspection form now exists for use within the commercial real estate industry. Part of an industry and MBA effort, the new form is called the MBA Standard Inspection Form.