The face of lending has changed – from large banks and financial institutions to online consumers and lenders. With the pandemic mandating social distancing and lockdowns, businesses and individuals are looking for lenders that can perform the borrowing journey remotely and faster than before.
Category: News and Trends
State of Construction Finance: An Interview with Rabbet CEO Will Mitchell
Rabbet, Austin, Texas, a service provider to lenders and developers engaged in construction recently released its 2021 State of Construction Finance report. MBA Newslink interviewed Rabbet CEO Will Mitchell to get a sense of what’s happening in the world of construction.
Andrew Peters and Sonny Abbasi of Lenderworks: Growing Your Business and Staying Compliant in a Changing Landscape
The likelihood of more aggressive federal enforcement is of special concern to smaller, growing mortgage lenders.
MBA: August New Home Applications Up 9% From July, Down 17% from Year Ago
The Mortgage Bankers Association’s latest Builder Applications Survey reported mortgage applications for new home purchases increased by 9 percent in August from July but decreased by 17 percent from a year ago.
MISMO, Snapdocs Announce Collaboration on New e-Eligibility Service
Partnership will deliver first-ever centralized repository for digital closing acceptance criteria to help lenders more easily adopt digital mortgage closings
August Apartment Market Performance Surges
August set records for U.S. apartment rent growth and occupancy, reported RealPage, Richardson, Texas
Share of Mortgage Loans in Forbearance Falls to 3.00%
Mortgage loans in forbearance fell to yet another post-pandemic low and threatened to fall under 3 percent for the first time in more than a year and a half, the Mortgage Bankers Association reported on Monday.
Dealmaker: George Smith Partners Secures $45M
George Smith Partners, Los Angeles, arranged two take-out loans totaling $45.4 million for flex and industrial properties in Los Angeles and Austin, Texas.
Brian Vieaux of AXIS Lending Academy: Diversity is Key to Success in Real Estate Finance
Brian Vieaux is a director of AXIS Lending Academy. He is also the president and COO of FinLocker, a provider of next-generation, digital, consumer-permissioned personal financial assistance tools. He has three decades of home lending experience and has held leadership roles at Citigroup, Flagstar and IndyMac Bank.
Builder Confidence Steadies as Material, Labor Challenges Persist
The National Association of Home Builders reported builder confidence inched up in September on lower lumber prices and strong housing demand, even as the housing sector continues to grapple with building material supply chain issues and labor challenges.