Despite a rise in the mortgage delinquency rate in the fourth quarter of 2016, the slight uptick follows a record-low third-quarter report. Marina Walsh, the Mortgage Bankers Association’s vice president of industry analysis, explains the mixed set of results in the most recent survey.
The long, steady recovery from the housing crisis and the recession that followed is nearly over, with the consumer lending market expected to recover completely in 2016, according to a new report from Transunion.
The mortgage delinquency rate broke a five-year record, and for the eighth consecutive quarter, it dropped below 4%. But at the same time, mortgage delinquencies continue to be twice as high as levels observed prior to the housing bubble.
The housing market continued to heal as the national mortgage delinquency rate plummeted 4.09% in the third quarter, a drop of more than 23.3% when compared to the same time period last year, TransUnion said.
The 2018 Rising Stars represent the best young leaders in the mortgage industry. Many of our 46 winners are leading companies as C-level executives, making strategic decisions for their organizations or developing new and inventive ways to get things done. Others are contributing through product development, data management or finding new ways to engage with consumers. Across the board, their efforts and accomplishments are influencing the present and future course of our industry.
The multiple characteristics of blockchain make it an incredibly attractive mechanism across industries. It provides an unchangeable, time-stamped ledger that allows for real-time and simultaneous input. It is the perfect set-up for industries where transactions are routinely moved from entity to entity or business to business and where records need to be verified and audited. Naturally, therefore, in the world of title and real estate, blockchain provides an incredibly innovative platform.
It has been proven time and time again that companies that make an investment in workplace culture attract the industry’s best talent and achieve greater success. For leaders who want to see their business grow to the next level, the solution is to focus on building a great culture — a culture of excellence.