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HousingWire journalist wins prestigious data journalism award 

Housing Wire

HousingWire journalist Will Robinson won the Data Journalism category for his data reporting series on the seismic changes in the real estate industry. The Best in Business Awards attracted 1,103 entries from 181 news organizations, ranging from international, national and regional news outlets to specialized business publications.

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Defects decline as mortgage lenders self-correct

Housing Wire

“Lenders and servicers should still proceed with caution, as declines in gain-on-sale , the conclusion of the eviction moratorium, persistent inflation and a potential default wave as forbearances come to an end all have the potential to trigger industry disruption,” Volpe said. Lenders – Now is the time to prioritize lead generation.

Mortgages 375
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Awareness of reverse mortgage utility could be improving, survey suggests

Housing Wire

. “Reverse mortgages have undergone significant changes the past decade, but the biggest change is how many financial advisors are now incorporating housing wealth into their retirement income planning,” Ruben said in a news release.

Mortgages 377
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Mortgage delinquencies shrink in Q2

Housing Wire

The results are welcome news and run counter to worries that gained traction last year that elevated levels of delinquencies would result in a slew of foreclosures. Meanwhile, the 30-day delinquency rate decline by 4 bps to 1.41% and the 60-day delinquency category declined by 15 bps to 0.52%.

VA loan 427
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Consumer education at the center of wire fraud mitigation efforts

Housing Wire

The three main categories of fraud impacting victims were seller impersonation fraud , fraudsters impersonating the title agency and tricking buyers to wire their down payment to a fraudulent account, and fraudsters impersonating lenders and sending title companies fraudulent mortgage payoff instructions.

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Mortgage rates blow past industry predictions

Housing Wire

Joel Kan, associate vice president of economic and industry forecasting, at the Mortgage Bankers Association said rates could head even higher in 2022. “If But it’s also useful to know that we’ve seen rates drop pretty quickly if there is some other kind of economic news that’s unexpected.”. Gary Hughes, LO at RPM Mortgage Inc.,

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Forbearance rate drops below 1%, lowest level since June 2020

Housing Wire

That’s good news after the economic impacts of the Covid-19 pandemic hit borrowers hard, making it difficult for Americans to pay their mortgages. The most notable decline was in the portfolio loans and private-label securities (PLS) category, dipping by 29 basis points to 2.15%.

Loans 413