The Mortgage Bankers Association and Winnow Solutions LLC, Anaheim, Calif., announced a partnership that will provide MBA member subscribers – at a 10% discount rate – a comprehensive database of state and federal regulations to help control costs and better manage the growing complexity of mortgage regulations.
Category: News and Trends
Aaron Davis and Jonathan Kearns: Making the Case for Universal eClosings
They’re now legal almost nationwide and they were boosted by the pandemic. But they’re still not the mainstream of closings. Here’s why they should be.
Industry Briefs, June 29, 2022
Lender Price, Pasadena, Calif., released Marketplace 2.0, a major enhancement to its Broker Marketplace platform.
Carolyn Thomas of KHA Alpine Advisor: Business Volumes Demand Efficient Solutions to Your Accounting and Compliance Needs
To many mortgage business owners, the cost of employees can be a significant portion of their business budget. It can also make a significant impact on the success or failure of their business. It’s in this area that experts within the mortgage industry can help you make better decisions by providing you with expertise and services that can streamline your financial management.
Quote
“The decline in mortgage rates led to a slight increase in refinancing, driven by an uptick in conventional loans. However, refinances are still 80 percent lower than a year ago and more than 60 percent below the historical average.”
–Joel Kan, MBA Associate Vice President of Economic and Industry Forecasting.
Industry Briefs, June 28, 2022
Lender Price, Pasadena, Calif., released Marketplace 2.0, a major enhancement to its Broker Marketplace platform.
Broeksmit Weighs in on How to Narrow Minority Homeownership Gap
Mortgage Bankers Association President and CEO Robert Broeksmit, CMB, said Special Purpose Credit Programs can provide lenders with an effective way to serve minority groups who do not have access to generational wealth.
Pending Home Sales Edge Higher
Pending home sales broke a six-month skid last month with a slight 0.7 percent rise from April.
Single-Family Rent Growth Sees 13th Consecutive Record-Breaking Month
CoreLogic, Irvine, Calif., said U.S. single-family rent growth continued its hot streak in May, with prices up by 14 percent year-over-year for the thirteenth consecutive month of record-breaking annual gains.
Redfin: Demand for Vacation Homes Falls Below Pre-Pandemic Levels
Redfin, Seattle, said demand for vacation homes has fallen below the pre-pandemic baseline for the first time in two years, with mortgage-rate locks for second homes down 4 percent from before the pandemic in May.