“Payment performance has remained steady for those who have exited forbearance and into a workout since 2020, with more than 85% of those borrowers current as of October. It also continues to be striking that so many homeowners in forbearance have continued to make their payments. Almost 16 percent of borrowers in forbearance as of October 3rd were current.”
–Mike Fratantoni, MBA Senior Vice President and Chief Economist.
WFG’s Enterprise Solutions has a trio of proven products ready to boost lender efficiency as the market shifts to origination loans.
Lenders that start with potential and then give applicants the opportunity to improve their score can meaningfully grow revenue.
MBA NewsLink spoke with Joseph D’Urso, CEO of TitleEase, on the advantages of the franchise model and its potential benefits to lenders.
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.
“One thing we know for certain about our industry, we like to meet in person. And as much as we were proud of how we showed up in the virtual space, our members really like being together, in person, and we’re all excited to be getting back to that sense of normal.”
–MBA COO Marcia Davies.
On Thursday, the Senate Banking Committee held a nomination hearing for Alanna McCargo to be President of Ginnie Mae. Earlier last week, HUD issued an advance notice of proposed rulemaking on its process for transitioning away from the use of LIBOR for FHA-insured ARMs. And late Thursday, congressional leaders reached agreement to temporarily raise the statutory federal debt limit.
NorthMarq, Minneapolis, completed $132 million in financing for six California and Washington multifamily properties.
JLL, Chicago, said real estate investment trusts have shown strong earnings growth in 2021.
