MISMO, the real estate finance industry’s standards organization, announced the publication of the new MISMO Engineering Guideline (MEG) for Extending a Standard MISMO XML Schema (MEG 0025).
Category: News and Trends
ICE First Look for October: Serious Delinquencies Hit Lowest Levels Since 2006
Intercontinental Exchange Inc., Atlanta, released its “first look” at October 2023 month-end mortgage performance statistics, noting that serious delinquencies have fallen to their lowest level in 17 years.
Servicing Quote Tuesday, Nov. 28, 2023
“Home equity continues to be one of the more affordable ways that current homeowners can access funds to improve the condition of their home and increase its value.”
–Jon Giles, Head of Real Estate Secured Lending Strategy & Support at TD Bank
MBA: Share of Mortgage Loans in Forbearance Decreases to 0.29% in October
The Mortgage Bankers Association’s monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance decreased by 2 basis points from 0.31% of servicers’ portfolio volume in the prior month to 0.29% as of Oct. 31, 2023.
MBA Chart of the Week: IMB Average Unrestricted Cash & Cash Equivalents
MBA Research recently released the third quarter results of its Quarterly Mortgage Bankers Performance Report.
ATTOM: Foreclosure Activity Steady In October
ATTOM, Irvine, Calif., found 34,472 U.S. properties with foreclosure filings in October, down 6% from a month ago but up 6% from a year ago.
To the Point With Bob: Proposed Capital Requirements on Big Banks Would Mean Fewer Choices, Higher Mortgage Costs
MBA President and CEO Bob Broeksmit, CMB, provides his perspective on the latest proposed capital requirement developments and their effects on the industry.
FundingShield: Concerns of Wire, Title Fraud Still High in Q3
FundingShield, Newport Beach, Calif., reported risks of wire and title fraud remained high in third-quarter data, although fairly flat from the previous quarter.
STRATMOR Group’s Michael Grad: Unlocking Profits from Servicing Assets
With interest rates soaring, most lenders are struggling to generate enough profit from originations to sustain business. And when they are incurring losses with each loan originated, many have turned their attention to mortgage servicing rights for extra revenue.
Community Reinvestment Act: Final Regulations and What Banks Need to Know Now, Nov. 28
The Community Reinvestment Act was enacted to encourage banks to help meet the credit needs in the communities in which they do business, especially low- and moderate-income communities. Join MBA Education and industry experts on Nov. 28 for an in-depth discussion on the primary changes Agencies made to the NPR in the final regulations.