Against the background of plummeting refinance activity, there has been a growing level of competition to service limited loan volume. Coupled with the tighter business conditions, market norms have rapidly changed, and so have the borrower profile. These changes have been encouraging lenders to consider getting into the Non-QM space to ensure smooth business continuity.
Category: News and Trends
MBA Offers Recommendations on FHFA GSE Equitable Housing Finance Plans
The Mortgage Bankers Association this week sent a letter to the Federal Housing Finance Agency, offering recommendation to improve Fannie Mae and Freddie Mac’s efforts to address long-standing challenges related to housing equity and the racial homeownership gap.
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“MBA is concerned that the Treasury Department’s new tax information reporting plan, if enacted into law as part of the proposed reconciliation package under discussion, would capture many routine mortgage-related transactions, result in significantly increased tax compliance costs for individuals, families and small businesses, and present privacy concerns regarding potential data breaches.”
–MBA Senior Vice President of Legislative and Political Affairs Bill Killmer, writing in support of S.3056, introduced by Sen. Tim Scott, R-S.C.
MBA Weekly Applications Survey Oct. 27, 2021: Applications, Rates Up 2nd Straight Week
Mortgage applications rose for the second straight week—but so did interest rates, which reached a nine-month high, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending October 22.
Mark P. Dangelo: 2022 C-Suite Agendas Meet New Realities
The challenges of the executing against traditional business prescriptions are many—at a minimum due to changes in strategy, personnel, convention, ecosystems, innovations, and cloud (maturity). The accepted top-down agenda setting management theory of academics and consultants constructed in silos of efficiency are being called into question.
Worried about Tapering? Chris Bennett Says ‘Relax’
It’s not often the mortgage industry plays coy when it comes to certain topics, but currently, there are rumblings about the T-word – tapering. There’s a couple of misconceptions about tapering and what that might mean, especially for mortgages and mortgage-backed securities. Let’s clear those up.
Wuthering Heights: Rent Control Proposals Make the Rounds
Many would agree that commercial real estate has not had a classic economic downturn since the Great Recession. That is important to consider in business planning generally, and specifically as apartment rents increase across the country.
MBA Premier Member Profile: FormFree
FormFree® is a fintech company whose revolutionary products AccountChek® and Passport™ are building a more inclusive credit decisioning landscape by encouraging lenders to view borrower ability to pay (ATP) more holistically.
Ask an Analyst: Talking About ESG & CRE Implications With Paul Fiorilla
Paul Fiorilla is Director of Research at Yardi Matrix. His research covers all facets of commercial real estate and he recently published a report highlighting different environmental risk levels across metro areas in the U.S. MBA Newslink interviewed him about the implications of recent environmental, social and governance trends.
MBA Offers Recommendations on FHFA GSE Equitable Housing Finance Plans
The Mortgage Bankers Association this week sent a letter to the Federal Housing Finance Agency, offering recommendation to improve Fannie Mae and Freddie Mac’s efforts to address long-standing challenges related to housing equity and the racial homeownership gap.