Tag: Quote

“We share FSOC’s goals of a safe, stable, and sustainable financial services marketplace, but some of the report’s recommendations are unnecessary.” –MBA President and CEO Bob Broeksmit, CMB

“Achieving these goals and setting up an effective VASP program will require all stakeholders to execute a complex loss mitigation and servicing transfer process. We are concerned with the lack of information and guidance on how to do so.”

–Mortgage Bankers Association and Housing Policy Council in a letter to the Department of Veterans Affairs regarding VASP implementation

“The U.S. delinquency rate fell from a year earlier for the first time in six months in February, indicating that mortgage performance remains strong.” 
–Molly Boesel, Principal Economist for CoreLogic

“Homeowners living in areas where insurance premiums are surging are at risk of seeing their properties gain less value than homeowners in areas with stable premiums—and in some cases, they may even lose money,”
–Redfin Chief Economist Daryl Fairweather.

“One area of the mortgage lending market is strong–and that is defect performance. Despite rate and volume concerns, critical defect rates are down for the fourth straight quarter.”
–Nick Volpe, Executive Vice President of ACES Quality Management

“Nationwide, the overall mortgage delinquency rate held steady in January, and the serious delinquency rate fell from a year ago,”
–Molly Boesel, principal economist with CoreLogic

“We’re just not seeing that,”
–Michael Fratantoni, MBA Chief Economist and Senior Vice President of Research and Industry Technology, speaking about a spike in foreclosures and delinquencies similar to the Great Recession

“The performance of servicing portfolios and loan workouts improved in February, as borrowers benefitted from tax refunds, the extra day in the month to submit their payments, and continued resilience in the job market,”
–Marina Walsh, CMB, MBA’s Vice President of Industry Analysis. 

“For the last three years, I have fully embraced HUD’s mission to create strong, sustainable, inclusive communities and quality affordable homes for all,”
–Marcia L. Fudge,  Secretary of the U.S. Department of Housing and Urban Development, on her resignation

“For the last three years, I have fully embraced HUD’s mission to create strong, sustainable, inclusive communities and quality affordable homes for all,”
–Marcia L. Fudge,  Secretary of the U.S. Department of Housing and Urban Development, on her resignation