You may have picked up on the change in the makeup of tomorrow’s borrower. The growth in home lending market demand is projected to come from traditionally underserved communities and households led by women over the next 20 years. That is not something that most of the lending world is prepared for.
Category: News and Trends
People in the News Jan. 13, 2022: Thomas Yoon Named CEO of Excelerate Capital
Castle Mortgage Corp., Newport Beach, Calif., doing business as Excelerate Capital, promoted Thomas Yoon to CEO; he will now serve as CEO and President. Mike Thompson will continue as Board Chairman.
MISMO Names 2022 Board of Directors
MISMO®, the real estate finance industry’s standards organization, announced its 2022 Board of Directors.
Call for Nominations: MBA NewsLink 2022 Tech All-Star Awards; Deadline Jan. 21
The nomination period for the MBA NewsLink 2022 Tech All-Star Awards is underway with a new, simplified entry form. Nominations will be accepted through Friday, Jan. 21.
CoreLogic: Mortgage Delinquencies at Pre-Pandemic Low
CoreLogic, Irvine, Calif., reported the nation’s overall delinquency rate declined for seventh consecutive month to its lowest level since the start of the coronavirus pandemic.
MISMO Winter Summit: Servicers Step Up
CLEARWATER, FLA.–As the mortgage market moves from refinances to purchases and loans move out of forbearance into modifications and workouts, servicers are stepping up, MISMO Winter Summit participants said.
MISMO Winter Summit: Servicers Step Up
CLEARWATER, FLA.–As the mortgage market moves from refinances to purchases and loans move out of forbearance into modifications and workouts, servicers are stepping up, MISMO Winter Summit participants said.
MBA Independent Mortgage Bankers Conference in Nashville Jan. 24-27
The Mortgage Bankers Association’s Independent Mortgage Bankers Conference 2022 takes place Jan. 24-27 in Nashville, Tenn.
MBA Weekly Applications Survey Jan. 12, 2022: Rising Rates Push Borrower Activity
Mortgage interest rates reached their highest level since the coronavirus—and perhaps spurred mortgage applicants to jump into action, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending Jan. 7.
Industry Briefs Jan.12, 2022: nCino Completes Acquisition of SimpleNexus
nCino Inc., Wilmington, N.C., completed its acquisition of SimpleNexus, a cloud-based, mobile-first homeownership software company, for total consideration of 12.76 million shares of nCino common stock plus cash consideration of $270 million, on a cash-free, debt-free basis and excluding transaction expenses.