“MBA is forecasting that mortgage rates are likely to plateau near current levels. The financial markets have attempted to price in the impact of Fed actions over this cycle, and they are likely also pricing in the economic slowdown that will result.”
–Mortgage Bankers Association Senior Vice President and Chief Economist Mike Fratantoni.
CoreLogic, Irvine, Calif., said U.S. home prices continued to post significant year-over-year gains in March, up by 20.9%, another record high.
The number of U.S. job openings reached a series high 11.5 million on March’s last business day, the U.S. Bureau of Labor Statistics reported Tuesday.
Though home price appreciation slowed slightly in March, 30-year mortgage interest rates above 5 percent have pushed affordability to nearly its worst-ever level, said Black Knight, Jacksonville, Fla.
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.
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.
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.
MBA Education presents its Certified Mortgage Banker (CMB) Prep Course from May 6-June 17. The Residential CMB Online Prep Course is a seven-week instructor-guided web-based course designed to prepare Residential …
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.
Last week, more than 400 state/local leaders and rank-and-file MBA members assembled in Washington to meet elected officials and key congressional staffers on Capitol Hill during MBA’s National Advocacy Conference. And on Monday, MBA submitted comments to FHFA on its recent proposal to update capital, liquidity and net worth requirements for servicers of loans backed by Fannie Mae and Freddie Mac.
