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Coming Up:
MISMO Forming Title And Closing Docs To Data Workgroup
Will focus on creating standards for frequently used title and closing documents.
REC. May 11, 2023
Freddie Mac Economist: Mortgage Rates Trend 'Sideways'
Both 30- and 15-year fixed rates decreased this week.
MBA: Mortgage Delinquency Fell In Q1 To 2nd-Lowest Level Ever
The 3.56% rate was the lowest for any first quarter since MBA’s survey began in 1979.
Mortgage Industry Cheers FHFA Decision To Rescind DTI-Based LLPAs
Stakeholders hopeful that agency will proactively seek greater input before proposing future changes.
TransUnion: Mortgage Originations Near Record Low, Balances Hit Record High
In Q4 2022, originations fell 65% year over year, the largest decline since TransUnion began tracking it.
ATTOM: Foreclosure Activity Fell 10% In April
The 10% drop followed a 20% month-over-month increase in March.
Mr. Cooper Acquiring Home Point Capital For $324M
Adding $84B servicing portfolio; Home Point operations to shut down after deal closes.
Yun: Fed's Recent Rate Hike Was Unnecessary
NAR Chief Economist says he expects Fed to stop boosting rates.