The U.S. Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey (JOLTS) data for August continues to show that many employers are running into difficulty re-hiring and filling open positions.
Category: News and Trends
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“Right now, I’m able to say, ‘I’m the only one of me,’ and that’s not a good thing. We need to do more to build a pipeline of talent so that in five years, we have more people from diverse backgrounds– not only in leadership, but at every level. It’s the right thing to do– and this is the right time.”
–MBA Chairman Kristy Fercho.
MBA Appoints 2022 Residential Board of Governors
SAN DIEGO—The Mortgage Bankers Association announced members of its 2022 Residential Board of Governors (RESBOG) and chairs of its Residential Committees.
Today at MBA Annual21
SAN DIEGO—MBA Annual21, the Mortgage Bankers Association’s Annual Convention & Expo, kicks off in earnest this morning with a full slate of keynote addresses, general sessions, breakout sessions and special events.
MBA Elects 2022 Board of Directors
SAN DIEGO—The Mortgage Bankers Association on Sunday swore in its Board of Directors for the 2022 membership year at its 2021 Annual Convention & Expo.
MBA Elects 2022 Officers: Kristy Fercho, Matt Rocco, Mark Jones
SAN DIEGO—The Mortgage Bankers Association swore in Kristy Fercho, Executive Vice President and Head of Home Lending with Wells Fargo, as MBA 2022 Chairman on Sunday during the association’s 2021 Annual Convention & Expo.
MBA Forecast: 2022 Purchase Originations to Increase 9% to Record $1.7 Trillion
SAN DIEGO–The Mortgage Bankers Association said purchase mortgage originations are expected to grow 9% to a record $1.725 trillion in 2022.
Dealmaker: Dwight Capital Finances $89M
Dwight Capital, New York, closed $89.3 million in multifamily financings.
Brent Chandler of FormFree: the Business Case for Jumping on the Rent Payment History Bandwagon
The case for considering a mortgage loan applicant’s rent history is compelling. Limited credit history disqualifies many renters ― even those with great rent payment history — from homeownership, and multiple studies confirm that factoring in rent payment history typically increases credit scores.
MBA Advocacy Update Oct. 18, 2021
Last Tuesday, the House passed a short-term debt ceiling extension, and President Biden signed the bill into law Thursday. The temporary increase in the debt limit will allow the U.S. Treasury Department to continue funding the government’s financial obligations through December 3.