This topic consolidates the heartbeat of today's mortgage banking environment with news stories relevant to the financial compliance industry.
DENVER, Colo., June 22, 2021—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 Trends Report covering both the fourth quarter (Q4) and the 2020 calendar year (CY). The latest report provides an analysis of post-closing quality control data derived from ACES Quality Management & Control Software™.
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Mortgage Bankers Association -- Mike Sorohan
MISMO announced the availability of its updated Commercial Appraisal Dataset standard.
Mortgage Bankers Association
According to a recent report by the Mortgage Bankers Association, mortgage applications for new home purchases dropped for the second straight month during tight inventories and sharply rising prices.
DS News – Eric C. Peck
While foreclosure numbers are near historic lows, blanketed by CARES Act protections, filings rose from the year before, according to Attom May 2021 U.S. Foreclosure Market Report.
Reverse Mortgage Daily – Chris Clow
The Massachusetts State Legislature extended a series of relief provisions stemming from the early onset of the COVID-19 coronavirus pandemic.
Mortgage Bankers Association – Adam DeSanctis
According to the Mortgage Bankers Association, Commercial/Multifamily mortgage debt grew 1.1 percent in the first quarter of 2021, according to Mortgage Bankers Association.
DS News – Eric C. Peck
According to a recent Forbearance and Call Volume Survey from the Mortgage Bankers Association (MBA), forbearance continues to decline nationwide, falling to 4.04% of all mortgage loans.
Reverse Mortgage Daily – Chris Clow
The New York State Legislature passed legislation that will allow seniors living in cooperative apartment buildings to apply for a reverse mortgage loan in a new effort designed to give seniors in the state another option to access their home’s equity.
Black Knight
Inventory challenges in the real estate market is pressing on purchase lending transactions and refinance activity continues to hold even with low interest rates.
Mortgage Bankers Association--Tara Dunion
MISMO has announced that it is launching an eMortgage Technology Certification program to aide lenders in identifying products that comply with industry standards.
Mortgage Professional America--Candyd Mendoza
The MBA and other real estate organizations are asking for the federal eviction moratorium to end on June 30th and provides an alternative in focusing on targeted support where there is a need and continued recovery.
Mortgage Professional America – Candyd Mendoza
The Mortgage Bankers Association (MBA) and a coalition of real estate organizations are calling for an end to the federal moratorium on evictions on June 30.
DS News – Eric C. Peck
CoreLogic’s Q1 Homeowner Equity Report shows U.S. homeowners with mortgages have seen their equity grow by 19.6% year-over-year, representing a collective equity gain of more than $1.9 trillion and an average of $33,400 per borrower since Q1 of 2020.
