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 most recent Forbearance and Call Volume Survey, loans in forbearance decreased by 34 basis points to 2.28% as of October 10.
The Mortgage Bankers Association announced the launch of the Member Action pledge to promote minority homeownership, affordable rental housing, and company diversity, equity, and inclusion.
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Mortgage Bankers Association – Adam DeSanctis
According to the Mortgage Bankers Association (MBA), purchase mortgage originations are expected to increase 9% to a new record of $1.73 trillion in 2022.
Reverse Mortgage Daily – Chris Clow
According to the HECM Endorsement Analytics report published by New View Advisors, Home Equity Conversion Mortgage (HECM)-to-HECM refinances remained at approximately 50% of total reverse mortgage industry endorsement volume in September 2021.
Mortgage Professional America -- Candyd Mendoza
According to a recent NRMLA/RiskSpan Reverse Mortgage Market Index, Senior home equity topped $9.5 trillion in the second quarter.
M Report – Eric C. Peck
According to Freddie Mac Primary Mortgage Market Survey (PMMS), the 30-year fixed-rate mortgage rose to a six-month high for the week ending October 14, 2021.
"We are already ahead of the game and without having to add additional FTEs."
- Julie Baril, QC Manager at Norcom Mortgage
Mortgage Bankers Association
According to the ATTOM Foreclosure Market report, third-quarter foreclosure filings increased by 34 percent from the second quarter.
Mortgage Professional America – Candyd Mendoza
According to CoreLogic’s latest Loan Performance Insights Report, mortgage delinquency rates in the US decreased 2.3% year over year in July.
DS News – Kyle G. Horst
In 2021, Ginnie Mae announced it issued a record $939 billion in mortgage-backed securities (MBS), up from the $748 billion it gave during the 2020 fiscal year.
Mortgage Bankers Association – Michael Tucker
According to a report by Fitch Ratings, the commercial mortgage-backed securities delinquency rate continued its steady drop in September.
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Mortgage Professional America--Fergal McAlinden
Statistics Canada released their cybercrime figures reporting that cybercrime incidents have increased dramatically in recent years.
Ballard Spahr LLP--Christopher J. Willis
The Consumer Bankers Association is urging the CFPB Director to adopt a larger participant rule for fintech consumer lenders.
Mortgage Bankers Association
According to a recent report from the Mortgage Bankers Association, mortgage credit availability continued to increase in September to its highest level in five months.
M Report – Kyle G. Horst
According to Black Knight’s latest originations report, the rate lock volume fell throughout September.
