The Federal Open Market Committee on Wednesday raised the federal funds rate for the first time since 2018, marking a new approach to rising inflation and other economic pressures.
Category: News and Trends
Tom Lamalfa: 1Q22 Industry Update
The steep run-up in interest rates, especially mortgage rates, since the start of the year prompted the mini survey I conducted in early March. It consisted of 10 questions that were put to 17 senior mortgage banking experts.
Sponsored Content from CreditXpert: Maximize Credit Potential for All
The Mortgage Credit Potential Index™ (MCPI) is a monthly reporting of mortgage credit inquiries analyzed by CreditXpert’s predictive analytics platform.
Rocky Foroutan of LenderHomePage: Borrower Experience and Customer Retention–The Definitive Key For Digital Mortgage Success
Retention is the new acquisition and likely the most important KPI in the digital age. While the focus has historically been on acquiring new leads for revenue generation, the mortgage industry is now shifting its emphasis to retaining customers by enhancing the overall borrower experience.
Mark P. Dangelo: The Rapid Phase Shift of Organizational Competencies and Operational Mindsets
As technologies and their principles pushed forth by digital transformation initiatives employing such as cloud, Web 3.0, decentralized finance (DeFi), and blockchain mortgage, the enterprise transactional mindsets and systems of record must evolve into stackable solutions—or risk stranding investments and customers on vendor platforms that cannot adapt to future requirements.
(Mortgage M&A Trends) Garth Graham of STRATMOR Group: Matching Buyers and Sellers
Whether you plan to buy or sell a company in 2021, these factors can greatly increase your chances of success.
Fabio Rivas of LenderClose: Knowledge is Power: Creating Borrower Partnerships with Information
Being a better educator starts with having a full picture of the borrower’s financial situation. By taking a consultative approach, loan officers can ask questions to better understand what goals the potential borrower is trying to achieve. LOs can then provide the appropriate financial education that is relevant to best prepare them for homeownership.
MBA: February Builder Applications Down 1% from January; 4% from Year Ago
Mortgage applications for new home purchases fell by 1 percent in February from January and by nearly 4 percent from a year ago, the Mortgage Bankers Association reported Thursday.
CRE Executives See Increasing Uncertainty
After a challenging two years, the real estate industry again faces more uncertainty–and not just for the short term, a new report from the Urban Land Institute and PwC said.
Fed Approves 1st Rate Hike in 4 Years
The Federal Open Market Committee on Wednesday raised the federal funds rate for the first time since 2018, marking a new approach to rising inflation and other economic pressures.