This topic consolidates the heartbeat of today's mortgage banking environment with news stories relevant to the financial compliance industry.
DS News -- Kyle G. Horst
According to Epiq, the number of new bankruptcies filing in September was down 4% from the 32,263 filings in August.
Mortgage Bankers Association
According to CoreLogic, home price growth reached another high in August.
Search our Compliance Calendar for current regulatory changes & updates.
Scotsman Guide -- Arnie Aurellano
According to Black Knight, equity alone is not enough to prevent foreclosure.
Mortgage Bankers Association
According to the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey, mortgage applications decreased 1.1 percent from one week earlier.
Mortgage Bankers Association
According to two recent reports from S&P Global Ratings and Fitch Ratings, the commercial mortgage-backed securities delinquency rate continues to shrink, and the cumulative loan default rate increased in the first half of 2021.
The VA published this Circular to communicate that servicers may continue offering loan deferment as a COVID-19 home retention option, according to VA’s COVID-19 Home Retention Waterfall.
"ACES has made my life so much easier from a QC perspective. It's life-changing"
- Kelly Cooper Spencer, QC & Business Intelligence Data Manager at Thrive Mortgage
Mortgage Bankers Association – Mike Sorohan
According to the monthly S&P CoreLogic, Case-Shiller Indices report, annual home price increases nationwide by 19.7 percent in July, the fourth consecutive record gain.
Mortgage Bankers Association – Adam DeSanctis
According to the Mortgage Bankers Association's (MBA) most recent Commercial/Multifamily Mortgage Debt Outstanding quarterly report, Commercial/Multifamily Mortgage Debt Increased 1.5 Percent in the Second Quarter of 2021.
The Office of the Comptroller of the Currency (OCC) reported that the performance of first-lien mortgages in the federal banking system improved during the second quarter of 2021.
DS News -- Brooklee Han
Travers Miran Realty fires real estate agent Joshua Alayon after getting caught up in a data hack earlier this month.
"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
DS News -- Eric C. Peck
According to CoreLogic’s Homeowner Equity Report, the second quarter of 2021 has found that U.S. homeowners with mortgages have seen their equity increase by 29.3% year-over-year.
M Report – Eric C. Peck
According to Freddie Mac’s Chief Economist, foreign investor purchases of U.S. Treasuries cause mortgage rates to remain steady.
The CFPB released its first in-depth report analyzing complaint submission patterns by U.S. Census tract finding that the complaints from wealthier communities and communities with higher percentages of white, non-Hispanic residents were more frequently about loan origination and performing servicing, while the complaints from communities of color and lower-income communities were more frequently about credit reporting, identity theft, and delinquent servicing.
Mortgage Bankers Association
According to the National Association of Realtors' recent report, existing-home sales drooped two percent in August.
