“We commend FHFA for its continued commitment to providing stable liquidity to the marketplace and its focus on helping renters in underserved markets. As the economy continues its recovery from the pandemic, we are also grateful for FHFA’s flexibility should the caps and mission-driven requirements need to be updated.”
–MBA President & CEO Robert Broeksmit, CMB.
Despite mortgage rates reaching their highest level in four months, mortgage applications increased last week, albeit slightly, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending October 8.
The pandemic was a major lesson that taught businesses to stay prepared for the uncertain future. So, let’s get into the minds and hearts of the lenders and borrowers, and identify which factors could help sustain the lending business in the coming decade.
We must remember to encourage people to buy homes they can afford and educate them on the costs that go with owning a home. That includes advising consumers not to borrow as much money as they possibly can, lest they become “house poor” and miss out on being able to create a more financially secure future for themselves and their families.
Lenders that start with potential and then give applicants the opportunity to improve their score can meaningfully grow revenue.
WFG’s Enterprise Solutions has a trio of proven products ready to boost lender efficiency as the market shifts to origination loans.
Environmental, Social and Governance criteria is an investment strategy focused on making the world a better place. This is not a new idea; versions of sustainable investing trends have emerged in the past. But the explosive growth and rapidly increasing capital allocation toward “ESG” friendly assets is unprecedented.
Kevin Peranio is a director of AXIS Lending Academy. He is also the chief lending officer for PRMG, one of the nation’s largest mortgage lenders, where he oversees all loan production.
Despite mortgage rates reaching their highest level in four months, mortgage applications increased last week, albeit slightly, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending October 8.
OneRepublic will take the stage for Concert MBA at the Mortgage Bankers Association’s Annual Convention & Expo to benefit the MBA Opens Doors Foundation.
