MBA Director of Associate Membership Brad Padratzik discusses the competitive advantages of MBA Associate Membership.
Category: News and Trends
Mark P. Dangelo: A Vast Rebalancing–The ‘Dark Side’ of Digital Transformation
In a short six months, the runaways for business and technology transformation have changed markedly. Additionally, mortgage lending will shrink to just over $2T as inflation as interest rates rise. Profit margins must now be achieved by restructuring digitally transformed processes that were thought to be “complete.” To survive—and prosper—organizations must adapt to widespread industry rebalancing.
People in the News July 11, 2022: CoreLogic Names Patrick Dodd CEO
CoreLogic, Irvine, Calif., appointed Patrick Dodd president and chief executive officer. He will continue to serve on the company’s board of directors.
MISMO Seeks Public Comment on Enhanced Version of Industry Loan Application Dataset
MISMO®, the real estate finance industry standards organization, seeks public comment on an enhancement to the Industry Loan Application Dataset (iLAD), an industry standard for the exchange of loan application information.
FHA Expands Mortgage Eligibility for Borrowers Previously Affected by COVID-19
The Federal Housing Administration on Thursday expanded mortgage eligibility for borrowers who experienced a gap in employment and/or a reduction or loss of income due to a COVID-19 related economic event.
Fannie Mae: Survey-High 81% of Consumers Believe Economy on ‘Wrong Track’
Fannie Mae, Washington, D.C., said its Home Purchase Sentiment Index fell by 3.4 points in June to 64.8, its second-lowest reading in a decade.
Veros: Home Price Appreciation Could Be Cut in Half
Veros Real Estate Solutions, Santa Ana, Calif., said its upgraded forecast calls for home price appreciation to fall to just half of its current rate over the next 12 months.
Employment, Initial Claims Data Underwhelm
Ahead of Friday’s employment report from the Bureau of Labor Statistics, private-sector employment rose by just 128,000 in May, said ADP, Roseland, N.J. In a separate report, the Labor Department said post-pandemic initial claims remain erratic, rising by 4,000 from the previous week.
CFPB Issues Advisory on Personal Data Compilation
The Consumer Financial Protection Bureau on Thursday issued a legal interpretation on how companies that use and share credit reports and background reports can do so under the Fair Credit Reporting Act.
Erin Palmer and Chris Bennett: Rate Lock Negotiations Offer a Short-Term Response with Long-Term Consequences
Rising interest rates and increased competition have loan officers scrambling for ways to win deals in today’s market. One tactic that has grown in popularity with borrowers and loan officers is rate lock renegotiations. However, these come at a high cost to lenders, and with margins already being squeezed, what seems prudent from a customer acquisition standpoint may actually work against lenders’ best interests.