ORLANDO—The Mortgage Bankers Association’s Servicing Solutions Conference & Expo is live and in person for the first time since 2020. MBA Chair Kristy Fercho opened the Conference by acknowledging the challenging environment servicers have faced during that period.
Category: News and Trends
MBA: Share of Mortgage Loans in Forbearance Drops to 1.30%
Loans in forbearance fell again in January to pre-pandemic lows, the Mortgage Bankers Association reported on Monday.
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“The simple fact is that servicers are doing the most essential work in mortgage finance right now. You’re working around the clock to keep people in their homes. You’re moving heaven and earth to give them options and time to get back on their feet. You’ve taken bad situations and made them better for the hardest hit. And you’ve done it all while fielding record call volumes and dealing with your own offices moving to remote work.”
–MBA Chair Kristy Fercho, in opening remarks at MBA Servicing22 in Orlando on Wednesday.
People in the News Feb. 24, 2022: Shelley Duffy Joins Incenter LLC as SVP
Incenter LLC, Philadelphia, named Shelley Duffy Senior Vice President of Enterprise Sales.
Scott Roller: Turning Vendor Management into a Profit Center
Author Robert H. Schuller is credited for the saying, “Tough times never last, but tough people do.” As the historic refinancing boom has ended and flips to a purchase market, lenders need to be thinking it is time to get tough.
(Mortgage M&A Trends) Bill Tessar of CIVIC: When an Acquisition Works—And What Lies Ahead for the Industry
Our recent acquisition was the exception: Pacific Western Bank provided us with the capital base to take us to new levels without “bankifying” us, and our business has had 12 straight record-breaking months since. It’s been a tremendous success. Given the likelihood there will be many more acquisitions in the industry’s near future, it seems useful to look back and understand why.
mPower Your Career Webinar Series Feb. 28: Being You is Your Superpower!
mPower presents the next in its Career Webinar series, Being You is Your Superpower! on Monday, Feb. 28 from 2:00-3:00 p.m. ET.
MBA Weekly Applications Survey Feb. 24, 2022: Mortgage Applications Fall to 2-Year Low
Mortgage applications fell to their lowest level since December 2019 as mortgage interest rates stayed above 4 percent, the Mortgage Bankers Association reported Wednesday in its Weekly Applications Survey for the week ending Feb. 18.
MBA Weekly Applications Survey Feb. 23, 2022: Mortgage Applications Fall to 2-Year Low
Mortgage applications fell to their lowest level since December 2019 as mortgage interest rates stayed above 4 percent, the Mortgage Bankers Association reported Wednesday in its Weekly Applications Survey for the week ending Feb. 18.
RE/MAX: Home Prices Dip Amid Record-Low Inventories
RE/MAX, Denver, said January home sales followed a more predictive pattern as of late, dropping more than 30% from December.