“With improving public health conditions and sustained economic recovery, additional business and group travelers are expected to join leisure travelers, supporting further gains next year. The demand recovery, coupled with successful revenue management, has supported resilient hotel pricing, helping shorten the time it will take to recover 2019 revenue levels.”
–Aran Ryan, Director with Tourism Economics, Wayne, Pa.
Mortgage rates fell for the second straight week, triggering a jump in refinance activity, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending November 5.
Wipro Opus Risk Solutions LLC, Lincolnshire, Ill., appointed Kebra Rhedrick as Chief Compliance Counsel.
The time to effectively transform our analysis of all things digital is being reduced from months to days. The revolution and rapid embrace of low-code/no-code solutions by giant Walmart will set off multiple tangential strategies to influence the consumer—all in the hands of newly empowered, front-line domain experts.
Lenders should consider examining existing or new service providers for critical services (title, appraisal or other elements of the mortgage process that would be difficult to produce in-house, but without which, a purchase mortgage transaction simply cannot take place) much as they would their own, internal cost centers.
It’s time to make a decision. What will you be doing in 2022? If you’re in the mortgage industry and you think you’ll still be in the business next year, there’s a good chance you’re wrong. The business will shrink next year and many who are working here now won’t be here by the end of the year.
MBA Newslink interviewed Katelynn Harris Walker, Associate Director of Affordable Housing Initiatives for the Mortgage Bankers Association, where she is dedicated full time to advocacy and engagement on affordability.
Mortgage delinquencies fell for the fifth straight quarter to well under 5 percent, the Mortgage Bankers Association reported Wednesday.
“The foreclosure starts rate matched an all-time survey low first reached in 2020, and the foreclosure inventory rate dropped again. Homeowners, investors and servicers have better options than proceeding with a costly and time-consuming foreclosure process.”
–MBA Vice President of Industry Analysis Marina Walsh, CMB.
Offices of the Mortgage Bankers Association will be closed on Thursday, Nov. 11 in observance of the Veterans Day holiday.
