This topic consolidates the heartbeat of today's mortgage banking environment with news stories relevant to the financial compliance industry.
According to the Mortgage Bankers Association’s (MBA) monthly Loan Monthly Survey, the total number of loans in forbearance remained flat relative to the previous month at 0.70% as of November 30, 2022.
DENVER, Colo., Dec. 15, 2022—ACES Quality Management® (ACES), the leading provider of enterprise quality management and control software for the financial services industry, announced the release of its quarterly ACES Mortgage QC Industry Trends Report covering the second quarter (Q2) of 2022. The latest report analyzes post-closing quality control data derived from ACES Quality Management & Control® software.
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UpNext- Next Mortgage News
Data contained in Black Knight's Mortgage Monitor Report for the 3rd quarter indicates that economic factors and housing inventory are causing recent homebuyers to owe more than the home is worth.
MBA Newslink--Bill Killmer; Pete Mills
This weeks bulletin includes information on 2023 loan limits, CFPB refinances and forbearance recommendations, inflation and more.
DS News – Eric C. Peck
According to CoreLogic’s Loan Performance Insight Report, for September, the nation’s overall delinquency rate continues to decrease for the 18th straight month on an annual basis.
MBA Newslink--Bill Killmer; Pete Mills
This week’s update includes information on FHA mandatory flood insurance requirements, withdrawal of the mandatory use date for its FHA Catalyst EAD Module, and MBA participation in a follow-up White House Meeting on Tenant Protections.
Presented by ACES Quality Management's EVP of Compliance, Amanda Phillips, and Ballard Spahr's Reid Herlihy, Richard Andreano, Jr., and Matthew Morr.
The monthly report of new residential home sales for October 2022 was issued by HUD and the US Census Bureau.
In a November 21, 2022 press release, Fannie Mae's Economic and Strategic Research (ESR) Group forecasts that economic growth will decline through the end of Q4 2022 and continue into a modest recession through Q2 2023 before rebounding.
MBA Newslink--Caitlin Groves
MISMO® announced an updated version of its eModification Reference Flyer, an industry resource designed to help servicers and other mortgage organizations easily navigate the investor requirements for electronically-signed loan modification agreements (eModifications).
Fannie Mae has released an outlook for 2024 as we near the end of 2022 and is predicting a downturn of 0.6% in 2023 with some improvement moving into 2024.
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Housingwire--Flávia Furlan Nunes
The third quarter is typically the strongest of the year for independent mortgage banks and subsidiaries of chartered banks, until this year where origination costs exceeded $11,000 per loan for the first time, despite a reduction of 19% year over year of total employees per firm, contributing to the lowest level since 2008.
MBA Newslink--Bill Killmer; Pete Mills
This weeks update includes information on FHA MIP reduction, payday lending, the Middle Class Mortgage Insurance Premium Act of 2022, GSE single-family guarantee fees and more.
DS News--Eric C. Peck
At the 27th U.N. Climate Conference, HUD addressed the implementation of their climate action plan, including improving efficient and resilient building standards to help low-and-moderate income residents benefit from the transition to clean energy.
MBA Newslink--Bill Killmer; Pete Mills
This week’s update includes information on the FHFA 2023 Multifamily Loan Purchase Caps for Fannie Mae and Freddie Mac, MBA Participates in White House Meeting on Tenant Protections and the MBA Closely Monitoring NMLS Renewal Process; Remains Engaged with CSBS.
