Mortgage applications decreased 2.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending July 19, 2024.
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Informative Research, a technology platform delivering data-driven solutions to the lending community, has expanded its verification platform through the integration of additional Equifax solutions that leverage The Work Number®, a commercial source of consolidated income and employment information. With this enhancement, Informative Research provides its customers with extensive options for receiving the specific records from The Work Number that help meet their needs at each step of the mortgage process.
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The Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance increased to 0.23% as of June 30, 2024. According to MBA’s estimate, 115,000 homeowners are in forbearance plans. Mortgage servicers have provided forbearance to approximately 8.2 million borrowers since March 2020.
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Cornerstone Capital Bank, a national provider of mortgage origination and servicing solutions and consumer, commercial and institutional banking services, has expanded its leadership team with seven key hires, further strengthening its growing financial services franchise.
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ATTOM released an updated monthly report on U.S. Commercial Foreclosures. The report reveals a continued increase in commercial foreclosures over the years, from a low of 141 in May 2020, to the current figure of 647 in June 2024. This represents the continuation of a steady increase throughout the period.
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LexisNexis Risk Solutions published a study evaluating how financial institutions (FIs) detect and mitigate authorized transfer scams, where fraudsters manipulate or deceive account holders to transfer funds to them. Here’s what it concluded:
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MISMO®, the real estate finance industry’s standards organization, is calling for industry professionals to join a new development work group that focuses on Automated Valuation Model (AVM) standardization.
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The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for June 2024 shows mortgage applications for new home purchases increased 0.7 percent compared from a year ago. Compared to May 2024, applications decreased by 16 percent. This change does not include any adjustment for typical seasonal patterns.
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Mortgage applications increased 3.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending July 12, 2024.
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The Housing Solutions Coalition (HSC), a broad coalition of housing groups, today issued a statement regarding President Biden’s proposed 5% corporate rent cap:
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