The Mortgage Bankers Association announced members of its 2022 Affordable Homeownership Advisory Council.
Category: News and Trends
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“Consumers are willing and able to spend, but the goods are just not available. That description certainly includes the housing market, as residential investment declined again for the quarter, a witness to builders’ ongoing struggles to obtain key construction inputs.”
–MBA Chief Economist Mike Fratantoni.
Sam Verma of Peoples Processing: Automation–A Critical Element for the Emerging Non-QM Sector
Against the background of plummeting refinance activity, there has been a growing level of competition to service limited loan volume. Coupled with the tighter business conditions, market norms have rapidly changed, and so have the borrower profile. These changes have been encouraging lenders to consider getting into the Non-QM space to ensure smooth business continuity.
Worried about Tapering? Chris Bennett Says ‘Relax’
It’s not often the mortgage industry plays coy when it comes to certain topics, but currently, there are rumblings about the T-word – tapering. There’s a couple of misconceptions about tapering and what that might mean, especially for mortgages and mortgage-backed securities. Let’s clear those up.
Wuthering Heights: Rent Control Proposals Make the Rounds
Many would agree that commercial real estate has not had a classic economic downturn since the Great Recession. That is important to consider in business planning generally, and specifically as apartment rents increase across the country.
MBA Premier Member Profile: FormFree
FormFree® is a fintech company whose revolutionary products AccountChek® and Passport™ are building a more inclusive credit decisioning landscape by encouraging lenders to view borrower ability to pay (ATP) more holistically.
Ask an Analyst: Talking About ESG & CRE Implications With Paul Fiorilla
Paul Fiorilla is Director of Research at Yardi Matrix. His research covers all facets of commercial real estate and he recently published a report highlighting different environmental risk levels across metro areas in the U.S. MBA Newslink interviewed him about the implications of recent environmental, social and governance trends.
MBA Expresses Support for Bill that Would Curb IRS/Treasury Account Queries
The Mortgage Bankers Association sent a letter of support this week to Sen. Tim Scott, R-S.C., who introduced a bill that would prevent the Internal Revenue Service and the Treasury Department from imposing unusual reporting requirements on financial services providers to track and submit customer account information.
eCommerce Drives Record 2021 Industrial Sales
Robust e-commerce growth is fueling an unprecedented race for space in the industrial sector and pushing investment sales activity to record levels, said LightBox and SIOR.
CoreLogic: 37.2% National Year-Over-Year Increase in Mortgage Fraud Risk
CoreLogic, Irvine, Calif., said its quarterly Mortgage Fraud Report showed a 37.2% year-over-year increase in fraud risk at the end of the second quarter.