Smaller lenders have options to stay competitive in spite of increased costs.
Category: News and Trends
Hotel Profits, Recovery Forecast Improve
U.S. hotel profitability increased in October, and the sector’s recovery trajectory forecast has improved, STR and Fitch Ratings reported.
RIHA: More Renters, Fewer Homeowners Missed Housing Payments in September, October
Renters were three times more likely than homeowners to miss payments during September and October, according to updated research released Tuesday by the Mortgage Bankers Association’s Research Institute for Housing America.
Dealmaker: Institutional Property Advisors Brokers $90M in Multifamily Sales
Institutional Property Advisors, Ontario, Calif., brokered two multifamily property sales totaling $90 million.
MBA, Trade Groups Urge HUD to Issue ‘Clear Roadmap’ for Servicers in LIBOR Transition
As HUD considers changes to its index for FHA-insured adjustable-rate mortgages away from LIBOR, the Mortgage Bankers Association and other industry trade groups urged the Department to issue a clear roadmap for servicers of FHA-insured ARMs, including specification of a replacement comparable index or indices for existing mortgages, as well as guidance on communications with borrowers.
Zillow: Home Builders Still Playing Catchup
Zillow, Seattle, said limited supply of for-sale homes is a key reason home prices have risen quickly during the COVID-19 pandemic.
Black Knight: Tappable Equity Surges to Record-High $9.4 Trillion
Black Knight, Jacksonville, Fla., said tappable equity – the amount available for homeowners to access while retaining at least 20% equity in their homes – rose by 32% over the past year, an increase of $2.3 trillion over the past year.
MBA: 3Q Commercial/Multifamily Mortgage Delinquency Rates Decrease
Commercial and multifamily mortgage delinquencies declined in the third quarter, according to the Mortgage Bankers Association’s latest Commercial/Multifamily Delinquency Report.
Michele Kryczkowski of Planet Home Lending: Diving in the Deep: How Operations Can Navigate Tight Margins
Two tactics, focus forums and shadowing, can increase the nimbleness of your lending platform. These, along with the application of follow-up technology, will increase your staff’s ability to serve borrowers consistently and more efficiently, despite changing volume and tightening margins.
Call For Speakers: MBA Technology Solutions Conference & Expo; Deadline Jan. 7
The Mortgage Bankers Association issued a Call for Speakers for its Technology Solutions Conference & Expo 2022, taking place April 11–14 at the Bellagio Las Vegas. Deadline for proposals is Friday, Jan. 7.