The National Conference of Commissioners on Uniform State Laws has approved model legislation that would give county clerks and recorders the legal authority to prepare for electronic recording of real property records.The act, called the Uniform Real Property Electronic Recording Act, could create legislation that would authorize officials to begin accepting and storing records in electronic format. However, many state laws still require recorded real documents. This act would supersede those laws if it were made a law. Nonetheless, other legislation to establish the standard document format, the authority to record such forms, and the authority to fix fees for electronic recording and to collect those fees would have to be settled in order for electronic recording to become more widespread.
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While Rocket Mortgage's satisfaction score improved by 4% versus 2024, the industry as a whole dropped 1%, with credit unions outpacing banks and IMBs.
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Late-stage mortgage delinquencies hit the highest level since January 2020 in September, a new report from VantageScore found.
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Bilt members will be able to earn benefits through Venmo use, with the agreement coming after the company recently added mortgage payments to its points mix.
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Lenders and investors say the new rules will increase the cost of financing and limit homeowners' access to equity by curbing the enforceability of contracts.
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RoundPoint's corporate parent generated positive comprehensive income with the legal expense excluded and expanded its subservicing activity.
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The influential nonbank mortgage company is calling for a "do no harm" approach to housing and finds comfort in officials' stated guardrails to that end.
October 28





