Prepayment speeds increased last month on the back of falling interest rates, but seriously delinquent loan volumes also rose the highest amount since June 2022, and the most since June 2018 when excluding the immediate effect of COVID-19. Processing Content The national delinquency rate ticked up seven basis points to 3.72% last month, as the […]
Seriously delinquent loans hit highest level since 2022 Read More »
Two influential groups in the home finance space have teamed up to provide information standards that will streamline title and mortgage closing processes. Processing Content The Mortgage Industry Standards Maintenance Organization and American Land Title Association announced the publication of two new datasets, both of which should form a digital convention for documentation to benefit
MISMO, ALTA issue new title, settlement document guidelines Read More »
US mortgage rates climbed for a third straight week, pushing home-financing costs to the highest since October and dealing a blow to both purchasing and refinancing activity. Processing Content The contract rate on a 30-year mortgage rose 13 basis points to 6.43% in the week ended March 20, according to Mortgage Bankers Association data released
Mortgage rates jump further to five-month high of 6.43% Read More »