Lenders that start with potential and then give applicants the opportunity to improve their score can meaningfully grow revenue.
Category: News and Trends
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“Any way you look at it, the job market continues to improve. The headline nonfarm payroll gain of 210,000 jobs in November was smaller than anticipated. However, as has been the case several times this year, there are reasons to believe that this understates the improvement.
–MBA Chief Economist Mike Fratantoni.
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.
People in the News Dec. 6, 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.
Arjun Raman of Wipro Opus Risk Solutions: Strapped for Time–Empower Overworked Staff with Outsourcing
The economic effects of the pandemic have placed strains on the day-to-day operations of servicers. An established relationship with a strategic outsourcing partner can streamline efficiency and productivity, resulting in improved scalability, increased cost savings and expertise at the ready.
Multifamily Minute: Perspective from Lument’s Chad Musgrove
Chad Musgrove is Associate Director with Lument, a subsidiary of ORIX Corporation USA. He has a decade of experience in real estate and financial services consulting.
Dennis Postlewait of HCL Technologies: Next-Gen Lending Solutions for Efficiency and Cost Optimization
How has digital transformation permeated across loan and mortgage services, and how can experienced partnerships prove valuable? We shall try to examine the current state of the industry and highlight the role of transformation partners.
Office Space Demand Falls Again
VTS, New York, reported new demand for office space fell for the second consecutive month in October to a level last seen in the first quarter.
Fitch: Mortgage Insurers See Consistent Losses, Market Stability in 2022
Fitch Ratings, Chicago, said the operating environment for U.S. mortgage insurers is expected to remain steady in 2022, as economic indicators have generally improved since the low point of the pandemic, with lower than expected losses from the pandemic fallout and continued home price appreciation supportive of credit fundamentals of the rated peer group of private MIs.
Inventories Persist at Record Lows
Homes for sale fell to another record low during the week ending November 28, said Redfin, Seattle. Sustained demand pushed the median home price to another record high, and one-third of homes sold in one week or less.