People in the News Sept. 28, 2021

CBRE, Dallas, appointed Rachel Vinson as Global Chief Operating Officer for Capital Markets. She lead the operations of CBRE’s global Capital Markets business, consisting of Property Sales, Debt & Structured Finance and Capital Advisors—the firm’s investment banking division.

MBA Advocacy Update Sept. 24, 2021

On Tuesday, House lawmakers passed a continuing resolution along party lines, sending the measure to the Senate for a vote ahead of a Sept. 30 government funding deadline. Meanwhile, MBA led a coalition of associations urging Congress to raise the federal debt limit to avoid roiling financial markets. And MBA’s Research Institute for Housing America released a report that examines climate change’s growing impact on housing and housing finance.

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“The share of loans in forbearance continued to decrease last week, dropping below 3 percent for the first time since March 2020. However, there was a slight increase in the forbearance share for Ginnie Mae loans, and this increase
was seen for both depository and IMB servicers.”
–Mike Fratantoni, MBA Senior Vice President and Chief Economist.

MBA Chart of the Week, Sept. 24, 2021: Distribution of Loans by APR-APOR Spread & Month

In this week’s MBA Chart of the Week, we analyze Optimal Blue single-family, 30-year fixed mortgage rate origination loan data from January 2020 through August 2021. We further group loans in the chart by the spread between their reported note rate and the (monthly average of the) Freddie Mac Primary Mortgage Market Survey rates to approximate the APR-APOR spread.

Todd Sheinin of Homespire Mortgage: The Future of the Mortgage Office–Redefining the Workplace in a Post-Vaccine Environment

With the effects of the pandemic now stretching into a second year, many mortgage companies are beginning to feel the pressure to have employees return to the office. However, while returning may seem like the right move on the surface, it is important to consider the reasoning behind this decision and whether it is completely necessary.