Early-year rate movements led prepayments to a near four-year high in March, while delinquency trends also showed overall improvement typical of seasonal patterns, according to Intercontinental Exchange. Processing Content Mortgage prepayment speeds jumped 24 basis points to 1.06% from a level of 0.82% recorded in February, with the pace accelerating in three out of the […]
Prepayments hit 4-year high after mortgage rates eased Read More »
President Donald Trump said he would look into the actions of banks in their response to last year’s devastating Los Angeles wildfires following a meeting with that city’s mayor, Karen Bass. Processing Content Trump said he met with Bass and other officials to discuss the “progress made on the horrific fires that ravaged Los Angeles,
Trump says he’ll probe banks over response to LA wildfires Read More »
Now that there are formal government-sponsored enterprise guidelines for score modernization that help fulfill a legislative mandate, the Mortgage Bankers Association’s top executive has a plan he calls a safe way for the secondary market to make the purchase of credit reports more competitive too. Processing Content With the two large mortgage buyers starting to
MBA renews press for limited single report as scores compete Read More »
Distressed housing inventory and demand moved higher in the first quarter, reflecting a “continued normalization” back closer to their pre-pandemic levels, according to a new report from Auction.com. Processing Content Completed foreclosure auctions jumped 10% from the fourth quarter of 2025 and 33% from 12 months earlier. Meanwhile, scheduled property dispositions were also up by
Distressed sales numbers show signs of market ‘normalization’ Read More »
The first-ever DREAM transaction has closed with owners of a Chicago home receiving a check for over $41,000 to help pay down a portion of the principal on their existing mortgage. Processing Content The funds reduce the amount of principal the borrowers pay, but the note holder still receives the full sum. In turn, this
First closing of principal discount tool gives banks, CUs a lock-in exit Read More »
Approximately one-third of states do not have any deed-fraud specific statutes covering residential property titles, a new quarterly ranking from EquityProtect noted. Processing Content The EquityProtect Property Protection Scorecard classifies the 50 states, along with the District of Columbia, into five tiers, ranging from major laws acted through minimal or no action. Seven states have
A third of states lack deed fraud laws, report finds Read More »
Homeowners associations filed the equivalent of one lien every 90 seconds in 2025 against residents, with rising numbers hinting at growing consumer financial stress, which was particularly high in some regions of the country. Processing Content In total, HOAs issued 284,933 liens in 2025, an 8.6% jump from the 262,446 delivered a year earlier, according
HOA liens have surged amid rising owner costs Read More »
Government-sponsored enterprise plans for legislatively-mandated credit score modernization drew mixed opinions Thursday as lawmakers held a House Financial Services Committee hearing on broader consumer data rules. Processing Content Dan Smith, president and CEO of the Consumer Data Industry Association, backed the idea of adding VantageScore at the GSEs to compete with FICO Classic, which has
Lawmakers spar over GSE credit score modernization plans Read More »
Foreclosure activity accelerated in the first quarter of 2026, with signs of mounting operational pressure for mortgage servicers and downstream vendors, according to ATTOM’s latest U.S. Foreclosure Market Report and insights from industry executives. While overall foreclosure volumes remain below pre-Great Recession peaks, starts, completions and real estate-owned (REO) inventories are climbing, timelines are shrinking
US foreclosure filings rise 26% in Q1 2026, ATTOM says Read More »
Independent mortgage bankers posted their highest origination profitability in four years in 2025, though returns remained well below levels seen in most years from 2009 to 2021, the Mortgage Bankers Association found. Processing Content Furthermore, the growth in the production segment’s financials was largely offset by a drop in net servicing financial income versus 2024.
IMB profitability hits 4-year high in 2025, MBA finds Read More »