ICE Mortgage Monitor: Property Insurance Costs Rise 8.7% Annually
Property insurance costs reached another record high in the second quarter, but the pace of growth is beginning to moderate, according to the latest ICE Mortgage Monitor Report.
Lend Your Voice Now in Support of Ending the Tri-merge Requirement
Recently, FHFA Director William Pulte made clear that significant changes to the mortgage credit reporting system are under consideration–including moving away from the costly and antiquated tri-merge requirement. Now is the time for MBA members to make their voices heard.
Seller Impersonation Fraud Attempts More Than Double, ALTA Study Finds
Seller impersonation fraud has become more widespread and frequent, and criminals are using increasingly sophisticated tactics to carry out these schemes, a new report from the American Land Title Association found.
Servicers That Have Earned Borrower Trust Can’t Afford to Lose It Now
CLARIFIRE's Jane Mason says if JD Power’s most recent Mortgage Servicer Satisfaction Study is accurate, "there’s a lot for the industry to feel good about."
Mortgage Demand Slips Below Year-Ago Levels, Optimal Blue Reports
Mortgage activity softened in August, Optimal Blue said in its latest Market Advantage report.
FHA Announces Jan. 1 Implementation Date for Alternative Credit Score Models
In May, the Federal Housing Administration confirmed its intention to add VantageScore 4.0 and FICO Score 10T in addition to the existing Classic FICO as eligible credit score models for FHA-insured mortgage underwriting. Recently, FHA announced an implementation date of Jan. 1, 2027.
UAD 3.6 Myth-Busting & The Case for Moving Now
Clear Capital’s Dan McAlister notes the UAD 3.6 transition is just weeks away. Some appraisers and lenders are making the transition, but others still need to act, "and the window to do so without operational disruption is narrowing.”
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