Mortgage rates jumped last week; and mortgage applications fell, the Mortgage Bankers Association reported in its Weekly Mortgage Applications Survey for the week ending March 18.
Category: News and Trends
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“MBA and its members have made improving the appraisal process a top policy issue and have prioritized it both as part of our CONVERGENCE initiative to promote more sustainable, affordable housing for minority and low- to moderate-income families and communities and as part of our Building Generational Wealth Through Homeownership campaign.”
–MBA President & CEO Robert Broeksmit, CMB, responding to a White House Task Force report on appraisal bias.
Jim Paolino of Lodestar: Perfect Storm of Market Trends May Finally Drive Automation Focus to CX
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.
People in the News Mar. 24, 2022: Chrysalis Holdings Name Anita Kwan, Katherine Le to Board of Advisors
Chrysalis Holdings LLC, Fulton, Md., appointed Anita Kwan and Katherine Le to its Board of Advisors as chairwoman and vice chairwoman, respectively.
Market Musings with M&T Realty Capital Corp.’s Christine Chandler
Christine R. Chandler is Chief Credit Officer and Chief Operating Officer for M&T Realty Capital Corp., Baltimore. She joined M&T in 1991 and has more than 30 years of commercial real estate experience.
MBA: CMF Mortgage Debt Outstanding Reaches New High
Commercial/multifamily mortgage debt outstanding at year-end 2021 rose by $287 billion (7.4 percent) from the previous year, the Mortgage Bankers Association reported Wednesday.
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: IMB 4Q Production Profits Fall to 3-Year Low
Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $1,099 on each loan they originated in the fourth quarter, its lowest level in three years, the Mortgage Bankers Association reported Tuesday.
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.
Rick Triola of NotaryCam: It’s Time for a New Definition of Equity
The mortgage industry more aptly seemed to agree to assign the word “historic” to 2021, specifically when referencing the mortgage industry and its production and growth during the year. So, what word will define 2022 in the mortgage industry? Equity.