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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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June 23, 2021

Latest Fraud Trends and Insights: Expert Perspectives with Data Facts Rory Tipton

Expert Perspectives: Data Facts, Rory Tipton

  • What types of fraud should lenders be on the lookout for in 2021 and beyond?
  • What 7 areas of fraud does Data Facts’ ADV-120 platform evaluate?
  • What are the benefits to using an integrated credit reporting service for post-closing QC reverifications?
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June 22, 2021

Critical Defect Rate Moderates in Q4 but CY 2020 Defect Rate Remains High, Per ACES Mortgage QC Industry Trends Report

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June 18, 2021

MISMO Approves Commercial Appraisal Dataset Standard

Mortgage Bankers Association -- Mike Sorohan

MISMO announced the availability of its updated Commercial Appraisal Dataset standard.

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June 18, 2021

May New Home Purchase Mortgage Applications Decline

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.

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June 16, 2021

Putting Foreclosure Trends in Perspective

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.

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June 16, 2021

Mass. Legislature Extends Reverse Mortgage Counseling Relief, Considers Permanent Fix

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.

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ACES CONNECT

ACES CONNECT

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June 16, 2021

Commercial/Multifamily Mortgage Debt Increased 1.1 Percent in the First Quarter of 2021

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.

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June 15, 2021

Forbearance Exit Volume Continues to Grow

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.

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June 15, 2021

New York State Legislature Passes Bill Allowing Reverse Mortgages on Co-Ops

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.

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June 14, 2021

Despite Rates Holding Steady Near Historic Lows in May, Locks Down Across All Mortgage Products, Particularly Rate/Term Refinances

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.

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ACES Impact: ROI Infographic

ACES Impact: ROI Infographic

ACES Customers Achieve Proven, Measurable ROI

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June 14, 2021

MISMO Launches eMortgage Technology Certification Program Program to Assist Lenders in Identifying Products that Comply With Industry Standards

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.

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June 14, 2021

Enough is enough: coalition calls for expiration of eviction moratorium

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.

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June 14, 2021

Enough is enough: coalition calls for expiration of eviction moratorium

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.

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June 11, 2021

Number of Underwater Homes Took a Dip in Q1

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.

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