The Federal Reserve raised its target range for the federal funds rate by 50 basis points–the largest increase since 2000–on Wednesday.
Category: News and Trends
Rising Inflation Impacting Non-Prime Borrowers Most
As rapidly rising gasoline, energy and utility prices drive inflation, non-prime borrowers with the riskiest credit profiles have generally experienced the greatest impact to their wallets, reported TransUnion, Chicago.
Sun Belt Housing Hotspots See the Highest Inflation
Some hot migration destinations for homebuyers including Phoenix, Tampa and Atlanta have the highest inflation rates in the U.S., reported Redfin, Seattle.
MBA Mortgage Action Alliance Quarterly Webinar May 11
The MBA Mortgage Action Alliance holds its next Quarterly Webinar on Wednesday, May 11 from 2:00-3:00 p.m. ET. The MAA Quarterly Webinar will provide MAA members (and prospective MAA members) …
MBA Weekly Applications Survey May 4, 2022: Applications Increase
Mortgage applications increased 2.5 percent from one week earlier, according the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending April 29.
Roby Robertson of LoanLogics: Ignoring Income Defects Could Spell Disaster
Back in 2015, Tesla CEO Elon Musk famously promised that self-driving cars would be a common sight on American roadways within the next three years. He wasn’t alone—Nissan and other automakers thought fully autonomous vehicles would arrive by 2020.
Souren Sarkar, CMB, of Nexval: How Robotic Process Automation Creates More Efficient Lending
RPA technologies have been proven to shrink loan origination and processing times by as much as 80% while increasing post-close quality control efficiencies by as much as 20%. More importantly, they empower lenders to free up resources to deliver better customer service to borrowers. And yet, there is relatively little discussion or understanding about how RPA actually works—let alone how powerful it can be.
FHFA Announces Mandatory Supplemental Consumer Information Form Use
The Federal Housing Finance Agency announced Fannie Mae and Freddie Mac will require lenders to use the Supplemental Consumer Information Form as part of the application process for loans that will be sold to the Enterprises.
News Briefs From ATTOM, First American Financial Corp.
ATTOM, Irvine, Calif., launched the ATTOM Rental AVM (Automated Valuation Model). The new software, built from the foundation of the company’s nationwide property database, provides rent estimates for more than 72 million single-family residences nationwide.
Grandbridge’s Marcy Thomas Talks CMBS, DEI and CCMS
MBA NewsLink interviewed Marcy Thomas, Vice President and Portfolio Loan Manager with Grandbridge Real Estate Capital LLC, about CMBS servicing, DEI, the upcoming Commercial/Multifamily Finance Servicing and Technology Conference and what the CCMS designation means to her.