ACES: Q3 2024 Critical Defect Rate Falls
ACES Quality Management, Denver, released its Q3 Mortgage QC Trends Report, finding the overall critical defect rate declined from the second quarter by 17%. The overall rate ended the quarter at 1.51%.
ATTOM: January Foreclosure Activity Up on Monthly Basis
ATTOM, Irvine, Calif., released its January 2025 U.S. Foreclosure Market Report, showing there were a total of 30,816 U.S. properties with foreclosure filings.
Messagepoint’s Patrick Kehoe on the Case for Clarity: Why Mortgage Servicers Should Embrace Plain Language
Borrower communications play a critical role in enabling consumers to manage their debt and make informed decisions when they are struggling to do so. Yet most servicing communications are filled with industry jargon and legal phrasing that can confuse readers.
2025 Opens With Lower CMBS Delinquency Rate, Fitch Finds
The overall U.S. commercial mortgage-backed securities delinquency rate decreased by three basis in January to 2.95%, according to Fitch Ratings, New York.
