This topic consolidates the heartbeat of today's mortgage banking environment with news stories relevant to the financial compliance industry.
Mortgage Professional America--LoanScorecard
While it looked like non-QM lending was dwindling, more borrowers are now turning to this solution.
Mortgage Professionals America - Candyd Mendoza
According to Freddie Mac’s latest Primary Mortgage Market Survey, the US 30-year fixed rate mortgage rate moved up for the third week in a row, closing the week at 3.14%. It averaged 2.81% at the same time a year ago.
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Mortgage Bankers Association
According to ATTOM, the fourth-quarter Vacant Property and Zombie Foreclosure Report shows 1.3 million residential properties in the United States sit vacant, representing 1.3 percent, or one in 75 homes, in America.
Mortgage Professional America -- Candyd Mendoza
According to CoreLogic's recent report, there was a 37.2% year-over-year spike in mortgage fraud risk in the second quarter.
Mortgage Bankers Association
According to a new report from Arbor Realty Trust and Chandan Economics, Sun Belt multifamily markets, including Las Vegas, Dallas, and Miami, are well-positioned for 2022.
Mortgage Bankers Association
The Mortgage Bankers Association sent a letter to the Federal Housing Finance Agency (FHFA), recommending to improve GSE’s efforts to address long-standing challenges related to housing equity and the racial homeownership gap.
Presented by ACES Quality Management's EVP of Compliance, Amanda Phillips, and Ballard Spahr's Reid Herlihy, Richard Andreano, Jr., and Matthew Morr.
M Report -- Kyle G. Horst
Fannie Mae is taking measures to ensure the public that condos and co-ops are still viable options for people in the market looking for something convenient and affordable after the condo collapse in south Florida.
Mortgage Bankers Association
On Monday, the Mortgage Bankers Association submitted comments to the Federal Housing Finance Agency on its projected 2022-2024 housing goals for Fannie Mae and Freddie Mac.
Mortgage Professional America -- Duffie Osental
According to real estate firm Redfin, the number of bidding wars across America has fallen to a nine-month low.
Mortgage Bankers Association -- Michael Tucker
According to Wells Fargo Economics, Commercial real estate fundamentals are bouncing back with help from a slower but still steady economic recovery.
"ACES has shined a light on our productivity and empowered us to hold our teams accountable."
- Emilee Rada, Director of Lending Operations at Georgia's Own Credit Union
Mortgage Professional America – Duffie Osental
A group of affordable housing organizations has called on the Federal Housing Finance Agency (FHFA) to compel the GSE’s to improve their “Duty to Serve” (DTS) proposals before approving them.
Mortgage Bankers Association – Mike Sorohan
According to the National Association of Realtors' recent report, existing-home sales jumped 7percent in September.
DS News -- Kyle G. Horst
First mortgage default rates remained steady in September, thanks to the federal foreclosure moratorium sending more homeowners into forbearance.
HousingWire -- Flávia Furlan Nunes
The Affordable Housing Program (AHP) demands that each of the 11 FHLBanks in the US contributes 10% of the preceding year's net income to the purchase, construction, or rehabilitation of homes.
