The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 3.97 percent of all loans outstanding at the end of the second quarter of 2024, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey.
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Mortgage Capital Trading, Inc. (MCT) has been awarded a patent for the security spread commitment used in the industry’s largest mortgage asset exchange: MCT Marketplace. The security spread commitment transforms loan auctions, turning shadow bids into executable prices. Loan buyers and sellers use the security spread commitment to transact before counterparty approval, vastly increasing liquidity while giving sellers confidence in the price execution of new buyers.
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In 2023, 2,520 different multifamily lenders provided a total of $246.2 billion in new mortgages for apartment buildings with five or more units, according to the Mortgage Bankers Association’s (MBA) annual report of the multifamily lending market.
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Voxtur Analytics Corp. (TSXV: VXTR; OTCQB: VXTRF) (“Voxtur” or the “Company”), a technology company creating a more transparent and accessible real estate lending ecosystem, announces that Ryan Marshall will assume the role of Chief Executive Officer, effective immediately. The leadership change represents a strategic pivot as Voxtur embarks on a new chapter focusing on innovation, growth and enhanced shareholder value.
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AHL Funding, a non-QM mortgage wholesale lender based in Irvine, California, has selected OptifiNow TPO as its comprehensive sales and marketing solution. This strategic decision is aimed at facilitating faster business growth and enhancing the efficiency of their marketing efforts.
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ATTOM released its July 2024 U.S. Foreclosure Market Report, which shows there were a total of 31,929 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — up 15 percent from a month ago and up slightly by .2 percent from a year ago.
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Informative Research, a technology platform that delivers data-driven solutions to the lending community, has launched new alert types to enhance the portfolio monitoring service offered by Informative Research Data Solutions. These advanced alerts offer sophisticated monitoring capabilities, enrich lenders’ portfolio monitoring and borrower engagement strategies and solidify Informative Research as a data solutions leader in the mortgage industry.
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Planet Home Lending, LLC, a national mortgage lender and servicer, has acquired certain assets of retail lender Axia Home Loans, Bellevue, Washington, an employee-owned company with branches in 17 states.
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Mortgage applications increased 16.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending August 9, 2024.
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Orlando-based Celebration Title Group (CTG) has joined the Florida Agency Network’s (FAN) statewide network of title agencies. Celebration Title Group is a full-service Orlando-based title agency with 15 offices throughout the state of Florida.
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