Industry News


A2Z is committed to helping you stay up-to-date on industry news. Peruse the article feed below for the latest information and trending topics.



IMB Data Shows Significant Profit Increases
Sat, 04 Dec 2021 00:44:43 +0000

An industry report breaks down trends and changes regarding Q3 profitability for Independent mortgage banks and mortgage subsidiaries of chartered banks. Here's what the report found.

The post IMB Data Shows Significant Profit Increases appeared first on DSNews.



37M Do Not Qualify for a Credit Score
Fri, 03 Dec 2021 23:25:32 +0000

According to a report, roughly one in three consumers in disadvantaged areas do not qualify for a traditional credit score. Click through to see what factors are in play.

The post 37M Do Not Qualify for a Credit Score appeared first on DSNews.



Q3 2021 Report: Examining Mortgage Trends
Fri, 03 Dec 2021 18:44:50 +0000

Mortgage lending has dropped in the second and third quarters of 2021, with finance mortgages dropping 13% and purchase loans off 2% for the first time this century. According to ATTOM's Q3 2021 U.S. Residential Property Mortgage Origination Report, 3.59 million mortgages secured by residential properties were developed in Q3. Those figures were up 3% ...

The post Q3 2021 Report: Examining Mortgage Trends appeared first on DSNews.



The Week Ahead: Where the Industry Is Headed in 2022
Fri, 03 Dec 2021 17:32:16 +0000

In next week's "Reflections and Projections" webinar, Rick Sharga and Ed Delgado will look back on 2021 and discuss how the industry must conform to changes in compliance, the marketplace, and the needs of customers to properly prepare for the coming year.

The post The Week Ahead: Where the Industry Is Headed in 2022 appeared first on DSNews.



The Home Insurance Forecast
Fri, 03 Dec 2021 16:16:35 +0000

As extreme weather becomes the norm, home insurance may become increasingly unaffordable—or simply unattainable for homeowners in some regions.

The post The Home Insurance Forecast appeared first on DSNews.



Court Decision Vacated Over Debt Collection Practices
Thu, 02 Dec 2021 22:54:52 +0000

Multiple courts throughout the United States are addressing claims brought against debt collectors for alleged violations of § 1692c(b) of the Fair Debt Collections Practices Act (“FDCPA” or the “Act”) and reaching conflicting conclusions. The Eleventh Circuit granted rehearing and issued a newly revised opinion on October 28, 2021. Hunstein v. Preferred Collection & Mgmt. Services, Inc., 19-14434, ...

The post Court Decision Vacated Over Debt Collection Practices appeared first on DSNews.



Mr. Cooper Sells Reverse Servicing Portfolio
Thu, 02 Dec 2021 22:46:55 +0000

Previously operating under the Champion Mortgage brand, Mr. Cooper Group has completed the sale of its reverse portfolio to Mortgage Assets Management, LLC and its affiliates.

The post Mr. Cooper Sells Reverse Servicing Portfolio appeared first on DSNews.



Inventory Finds New Low in November
Thu, 02 Dec 2021 21:16:03 +0000

If you thought the housing supply hit rock bottom in February, you thought wrong. According to a new report from Redfin, the number of homes available for sale fell by another 38,000 units finding a new low by the end of November suggesting more hardships for burnt-out homebuyers.  As of November 28, the supply of available homes sat at 538,695 units, down from the previous low of 576,695 seen ...

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Bipartisan MI Bill Introduced to Provide Relief to Middle-Class
Thu, 02 Dec 2021 21:00:50 +0000

Reps. Ron Kind and Vern Buchanan announce legislation to provide financial assistance to middle-class homebuyers.

The post Bipartisan MI Bill Introduced to Provide Relief to Middle-Class appeared first on DSNews.



Loan Limits Increased to Keep Up with Appreciation
Wed, 01 Dec 2021 23:11:45 +0000

Due to the drastic increase in real estate prices over the last year, the Federal Housing Administration (FHA) has announced new loan limits for 2022 for its Single Family Title II forward and Home Equity Conversion Mortgage insurance programs.  The agency is statutorily mandated by the National Housing Act and the Housing and Economic Recovery Act of 2008 to reevaluate loan limits on a ...

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