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Industry News

This topic consolidates the heartbeat of today's mortgage banking environment with news stories relevant to the financial compliance industry. 

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September 23, 2021

Mortgage Industry Needs to Improve Risk Management Measurements

Mortgage Bankers Association

According to a new study released by the Mortgage Bankers Association’s Research Institute for Housing America, climate change caused by global warming will continue at an unpredictable pace and add stress to the complex system of allocating risks across housing and housing finance stakeholders.

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September 22, 2021

Share of Mortgage Loans in Forbearance Falls to 3.00%

Mortgage Bankers Association

According to a recent report by the Mortgage Bankers Association Forbearance and Call Volum Survey, mortgage loans in forbearance fell to under 3 percent.

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September 21, 2021

Is Major Deal Pointing the Way to Appraisal Future?

Mortgage Professional America--Richard Torne

Top Appraisal Management Company, Class Valuation, has acquired real estate software service provider, DataMaster, one of the largest MLS integration networks with plans to work towards fully digitizing the entire appraisal process.

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September 21, 2021

Renters have more to lose from end of pandemic relief – CFPB

Mortgage Professional America –Candyd Mendoza

According to the CFPB's latest report, renters, compared to homeowners, are likely to be more vulnerable in the wake of a financial crisis.

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September 21, 2021

MBA launches initiative to tackle racial homeownership gap

Mortgage Professional America –Candyd Mendoza

The Mortgage Bankers Association introduces an initiative to decrease the racial homeownership gap and boost homeownership opportunities for minority borrowers.

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September 20, 2021

Home sales will cool off for the rest of this year and next: Fannie Mae

Inman--Matt Carter

Fannie Mae forecasters expect purchase and refinancing volumes to drop in 2022.

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QC Now: CFPB’s Proposed Mortgage Servicing Rule Amendments

QC Now: CFPB’s Proposed Mortgage Servicing Rule Amendments

Presented by ACES Quality Management's EVP of Compliance, Amanda Phillips, and Ballard Spahr's Reid Herlihy, Richard Andreano, Jr., and Matthew Morr.

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September 15, 2021

ACES Mortgage QC Industry Trends Report Shows Decline in Critical Defect Rate for Second Consecutive Quarter

Early payment defaults also fell below pre-pandemic levels, though Income/Employment’s rapid increase led all defect categories.

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September 14, 2021

Title Insurance Premiums Reach Historic Volume

DS News -- Christina Hughes Babb

According to the latest Market Share Analysis from the American Land Title Association (ALTA), the insurance industry made $6.5 billion in title insurance premiums during the second quarter of 2021.

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September 10, 2021

August Mortgage Credit Availability Up Nearly 4%

Mortgage Bankers Association

According to the Mortgage Bankers Association report, mortgage credit availability grew by 3.9 percent in August.

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September 10, 2021

HUD: Without New Housing Supply, Cost Burdens to Increase

Mortgage Bankers Association

HUD published its latest research on innovative strategies being pursued by the government to remove regulatory barriers to affordable housing and increase the housing supply.

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Learn Why Clients Love ACES

Learn Why Clients Love ACES

"By partnering with ACES, we have witnessed an overall improvement in the quality of our reviews."

-Hilda Melendez, Quality Control Systems Director at Lennar Mortgage

Hear Why

September 10, 2021

What happened to foreclosures after federal moratorium ended?

Mortgage Professional America – Candyd Mendoza

According to ATTOM’s Foreclosure Market Report, the number of homes facing foreclosure increased to a total of 15,838 properties in the first month following the expiration of the government foreclosure moratorium ended.

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September 08, 2021

CRE firm Axylyum Charter releases new risk mitigation product

Mortgage Professional America – Candyd Mendoza

Axylyum Charter has released a new product that allows lenders to eliminate the default risk of asset-based non-owner-occupied loans.

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September 08, 2021

Unlicensed broker sent to prison for "brazen mortgage fraud scheme"

Mortgage Professional America – Candyd Mendoza

Brent Kaufman of Long Island has been found guilty of pocketing millions of dollars after defrauding lenders and stealing his clients’ mortgage payments.

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September 07, 2021

Market Bracing for Wave of Forbearance Plan Expirations

DS News -- Christina Hughes Babb

According to researchers at Black Knight, the last week of August, they recorded a decline in active forbearance plans.

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