MISMO®, the real estate finance industry’s standards organization, announced a call for industry professionals to join a new development work group (DWG) that will focus on fee modernization and standardization.
Category: News and Trends
Speaker Spotlight: Julia Gordon at MBA Servicing Solutions Conference & Expo
Julia Gordon, Assistant Secretary for Housing and Federal Housing Commissioner, U.S. Department of Housing and Urban Development, will speak at a session titled “Servicing Policy Update” on Feb. 21, 10:30-11:15 a.m.
ATTOM: November Foreclosures Up Annually, Down From October
ATTOM, Irvine, Calif., recorded 32,120 U.S. properties in its November Foreclosure Market Report. That’s up 5% from November 2022 but down 7% from October.
ICE First Look for November: Delinquencies Up, but Still Historically Low
Intercontinental Exchange Inc., Atlanta, released its “first look” at November mortgage performance, finding the national delinquency rate crept up to 3.39%.
FHFA: More Than 6.8M Troubled Homeowners Helped During Conservatorships
The Federal Housing Finance Agency reported Fannie Mae and Freddie Mac completed 43,356 foreclosure prevention actions during the third quarter, raising the total number of homeowners who have been helped to 6.86 million since the start of conservatorships in 2008.
Freddie Mac Plans Fee-Based Repurchase Alternative for Performing Loans
Freddie Mac, McLean, Va., plans a pilot program that could replace the current approach to seeking repurchases for performing loans with origination defects. Freddie Mac previewed aspects of the pilot program in October at MBA’s Annual Convention.
Servicing Quote Tuesday, Jan. 2, 2024
“While we’ve observed a modest decrease in U.S. foreclosure activity most likely due to seasonal factors, it’s essential to note that these fluctuations are a part of the cyclical nature of the market.”
–Rob Barber, CEO at ATTOM
MBA: Share of Mortgage Loans in Forbearance Decreases to 0.26% in November
The Mortgage Bankers Association’s monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance decreased by 3 basis points from 0.29% of servicers’ portfolio volume in the prior month to 0.26% as of Nov. 30, 2023.
Fitch: Outlook for Equity REITs is Deteriorating
Fitch Ratings, New York, said the outlook for U.S. equity real estate investment trusts in 2024 is deteriorating.
MBA NewsLink Q&A With Shelley Leonard and Greg Holmes from Xactus
MBA NewsLink recently spoke with Shelley Leonard and Greg Holmes from Xactus, a provider of verification for the mortgage industry. They discussed 2024 and what lenders can expect in the new year.