MBA HQ Fiasco Reveals Double Standard

Now this is a good story. Mortgage bankers have not been terribly sympathetic these past few years to the plight of struggling homeowners. Those who have tried to do the right thing, and sell their homes in short sales instead of simply walking away, have too often found themselves caught in a web of corporate red tape. And for frustrated homeowners who opt to walk away, well let’s just say there’s been absolutely no mercy at all. “What about the message they will send to their family and their kids and their friends?” John Courson, chief executive of the Mortgage Bankers Association, recently asked. Well now we can ask the same question about the Mortgage Bankers Association’s own, spectacularly foolish real estate activities.

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Title premium volume fell 31% in 2023 

As existing home sales dropped to the lowest level it has seen in nearly three decades in 2023, title insurance premium volume also took a hit. In 2023, the title insurance industry generated $15.1 billion in title insurance premiums, a 31% annual drop, according to the American Land Title Association’s  Market Share Analysis, released Tuesday. […]

3d rendering of a row of luxury townhouses along a street

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