ORLANDO—Good morning and happy Tuesday! MBA NewsLink comes to you this week from the Mortgage Bankers Association’s Servicing Solutions Conference & Expo, running here through Friday, Feb. 25 at the Hyatt Regency Orlando.
Category: News and Trends
January Builder Applications Up from December; Down from Year Ago
Mortgage applications for new home purchases rose in January from a month ago but fell year over year, the Mortgage Bankers Association reported Friday.
Quote
“January saw the strongest pace of existing-home sales in a year, even with mortgage rates jumping 30 basis points over the month and home-price growth continuing at a rapid pace. While the 6.7 percent sales growth in January was good news, the drop in for-sale inventory to an all-time low at 860,000 units is a cause for concern.”
— Joel Kan, MBA Associate Vice President of Economic and Industry Forecasting with the Mortgage Bankers Association.
CREF22: View from the C-Suite
SAN DIEGO — Commercial real estate CEOs are optimistic about the near future, executives said here at the Mortgage Bankers Association’s 2022 Commercial/Multifamily Finance Convention and Expo.
Industry Briefs Feb. 22, 2022: Constellation Mortgage Solutions Acquires ReverseVision
Constellation Mortgage Solutions Inc., Southfield, Mich., acquired ReverseVision Inc., San Diego, a provider of Home Equity Conversion Mortgage and private reverse mortgage sales origination software.
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.
(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.
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.
The MBA Home for All Pledge
The MBA Home for All Pledge represents our industry’s long-term commitment on a sustained and holistic approach to address racial inequities in housing.
Apply for MBA Path to Diversity Scholarship Program
The MBA Path to Diversity Scholarship Program recognizes existing industry professionals who are seeking to advance their careers through continuing education.