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IMBs Suffer Net Production Loss For Sixth Consecutive Quarter

MBA report indicates $1,015 loss per loan in Q3; servicing rights keep the lights on

Analysis and Data
CoreLogic Partners With Wells Fargo To Enhance Mortgage Servicing

Collaboration aims to improve risk management, compliance, and customer experiences in the mortgage sector.

Industry News
Mr. Cooper Group Faces $3.6 Million Settlement Approval In Class Action Over Unlawful Servicing Fees

Federal court grants preliminary approval for settlement alleging unlawful charges for mortgage payments made online or by phone.

Courts
Household Income Requirement For Homeownership Surges To $107,000

A significant income increase required as housing affordability erodes. First-time buyers regain footing in the market.

Analysis and Data
U.S. Home Prices Surge 4.5% YoY

CoreLogic's Home Price Index reveals robust growth of 4.5% in September; Northeast leads the surge.

Analysis and Data
What Impact Will Moody's Negative Outlook On U.S. Debt Have On Mortgage Market?

Mortgage market experts weigh in on Moody's decision, highlighting complexities in debt rating and potential impacts on long-term mortgage rates amidst Congressional gridlock and unsustainable fiscal paths.

Analysis and Data
Nov 13, 2023
The Interest
Mortgage Rates Surge In October, Prompting Shift To Adjustable-Rate Loans

Optimal Blue Mortgage Market Indices report reveals significant increases, alters borrowing trends.

Analysis and Data
Mr. Cooper Cybersecurity Incident Exposes Customer Data

Mortgage servicing company attempts to reassure customers while experts assess potential impact of the breach.

Operations
State of Housing In Black America Report Reveals Persistent Barriers

Inadequate supply of homes, discriminatory practices, and economic disparities continue to hinder Black homeownership.

Analysis and Data