Black Knight, Jacksonville, Fla., said tappable equity – the amount available for homeowners to access while retaining at least 20% equity in their homes – rose by 32% over the past year, an increase of $2.3 trillion over the past year.
Category: News and Trends
MBA: 3Q Commercial/Multifamily Mortgage Delinquency Rates Decrease
Commercial and multifamily mortgage delinquencies declined in the third quarter, according to the Mortgage Bankers Association’s latest Commercial/Multifamily Delinquency Report.
Michele Kryczkowski of Planet Home Lending: Diving in the Deep: How Operations Can Navigate Tight Margins
Two tactics, focus forums and shadowing, can increase the nimbleness of your lending platform. These, along with the application of follow-up technology, will increase your staff’s ability to serve borrowers consistently and more efficiently, despite changing volume and tightening margins.
Call For Speakers: MBA Technology Solutions Conference & Expo; Deadline Jan. 7
The Mortgage Bankers Association issued a Call for Speakers for its Technology Solutions Conference & Expo 2022, taking place April 11–14 at the Bellagio Las Vegas. Deadline for proposals is Friday, Jan. 7.
People in the News Dec. 7, 2021: Fannie Mae Announces New Finance Leadership Structure
Fannie Mae, Washington, D.C., appointed Chryssa C. Halley to Executive Vice President and Chief Financial Officer and promoted Jim L. Holmberg to Senior Vice President and Controller.
Quote
“Commercial mortgage delinquency rates for every major capital source have come down since the early months of the pandemic. With low numbers of loans becoming newly delinquent, much of the declines are coming from the resolution of loans with later-stage delinquency statuses.”
–Jamie Woodwell, MBA Vice President of Commercial Real Estate Research.
Andrew Peters of Lenderworks: Rethinking Growth Strategy for Smaller Lenders in an Era of Margin Compression
Smaller lenders have options to stay competitive in spite of increased costs.
MBA Chart of the Week, Dec. 3, 2021: U.S. Household Wealth
This week’s MBA Chart of the Week shows that the net wealth of the rich, the top 10% of households, increased by 3.2% between 2016 and 2019, while the net worth of the poor, the bottom 30% of households, decreased by 7.6%.
Sponsored Content from CreditXpert: Three Ways Credit Potential Can Grow Revenue
Lenders that start with potential and then give applicants the opportunity to improve their score can meaningfully grow revenue.
KBRA Analysts Look to 2022 Commercial Mortgage-Backed Securities Sector
Kroll Bond Rating Agency, New York, just released its 2022 Sector Outlook—CMBS: Full Steam Ahead report. MBA NewsLink interviewed KBRA’s Larry Kay and Patrick McQuinn to get their insights on the current lending environment and property fundamentals as well as factors that may affect property performance in 2022.