Initial claims for unemployment insurance fell again last week, the Labor Department reported Thursday, remaining at historically low levels.
Category: News and Trends
Dealmaker: Gantry Secures $103M for Multifamily, Marina
Gantry, San Francisco, secured $102.6 million for multifamily and marina properties in Seattle and suburban Syracuse, N.Y.
Chris Lewis of DocMagic: 3 Keys to Moving Forward with RON Now
Remote online notarization is the critical component to the industry’s realization of a truly 100% paperless, fully remote, no-touch mortgage closing. In the journey to deliver a digital lending experience, the offering and acceptance of RON completes a transformation that promises to provide benefits to lenders and the borrowers they serve.
MBA Commercial/Multifamily Finance Servicing and Technology Conference in Los Angeles May 15-18
The Mortgage Bankers Association’s Commercial/Multifamily Finance Servicing and Technology Conference takes place May 15-18 at the JW Marriott Los Angeles.
Industry Briefs Apr. 29, 2022: FHFA Announces GSEs’ Duty to Serve Plans for 2022-2024
The Federal Housing Finance Agency published the 2022-2024 Underserved Markets Plans for Fannie Mae and Freddie Mac under the Duty to Serve Program., which outline the government-sponsored enterprises’ commitment to serving manufactured housing, affordable housing preservation and rural housing.
People in the News Apr. 29, 2022: MBA Presents Burton C. Wood Award to Owen Lee
WASHINGTON–The Mortgage Bankers Association presented its annual Burton C. Wood Legislative Service Award to Owen Lee, CEO of Success Mortgage Partners, Plymouth, Mich.
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“The U.S. economy shrank for the first time since the first half of 2020. The good news is that consumer spending remained strong, particularly for services, as much of that sector has returned close to pre-pandemic levels. Households continue to benefit from a strong job market and wage growth.”
–Joel Kan, Associate Vice President of Economic and Industry Forecasting with the Mortgage Bankers Association.
MBA: March Median Mortgage Application Payment Jumps 5% to $1,736
Homebuyer affordability declined in March, with the national median payment applied for by applicants rising 5 percent to $1,736 from $1,653 in February, the Mortgage Bankers Association reported Thursday.
At MBA National Advocacy Conference, Finding Common Ground
WASHINGTON—One could easily conclude that the political climate here in the Nation’s Capital is permanently broken—divided by polarized ideologies, entrenched leadership and an inability to compromise on the simplest of issues. But appearances can be deceiving.
Brian Lynch of Advantage Systems: The Mortgage Industry Has a Talent Problem That Demands Operational Change To Overcome
The key moving forward lies in automating where it is most effective, widening the net in terms of attracting talent and then maximizing that talent by providing them with the right tools and user experience to drive business.