The Great Resignation, in combination with a sharp pivot from refinance to purchase transactions, may force lenders to digitize back end functions that have long been manual.
Category: News and Trends
Joe Camerieri of Mortgage Cadence: The High Cost of Loan Origination Inefficiency
Efficiency is the first key to cost cutting in any process. In our business, we also must consider staffing and streamlining the tech stack, but efficiency is always a top priority
MBA Home For All Pledge Partner: BlackFin Group
BlackFin Group is a management consulting firm that specializes in innovation, technology and business optimization in the banking and mortgage banking industry.
Freddie Mac Multifamily Investment Index Drops
Freddie Mac, McLean, Va., said multifamily market investment conditions turned negative in late 2021 as price appreciation and rising mortgage rates more than offset net operating income growth.
Supply Chain Restraints Hamstring February New Home Sales
February new home sales fell by 2 percent from January as home builders continued to face supply chain bottlenecks, HUD and the Census Bureau reported Wednesday.
Dealmaker: New York Life Real Estate Investors Originates $1.3B for Industrial, Multifamily
New York Life Real Estate Investors originated $1.3 billion for industrial and multifamily assets in multiple states.
Administration Launches Reforms on Equity in Appraisals
The Biden Administration on Wednesday released an action plan targeting racial bias in the home lending and appraisal process and promoting wealth creation through homeownership.
MBA: February Median Mortgage Application Payment Jumps 8.3% to $1,653
Homebuyer affordability decreased in February, with the national median payment applied for by applicants jumping 8.3 percent to $1,653 from $1,526 in January, the Mortgage Bankers Association reported Thursday.
Tai Christensen of CBC Mortgage Agency: Solutions to Appraisal Bias
Tai Christensen is Diversity, Equity and Inclusion Officer and Director of Government Affairs for CBC Mortgage Agency, South Jordan, Utah, a national down payment assistance provider, and has 17 years’ experience in the mortgage industry.
MISMO Creates ESG Initiative Focused on Standardizing Disclosure of Flood Risks; Seeks Comment on New Adverse Action Notice Dataset
MISMO®, the real estate finance industry standards organization, seeks participants for an initiative focused on standardizing disclosure of flood risks. Separately, MISMO seeks public comment on a proposed Adverse Action Notice Dataset.