The National Association of Home Builders said strong consumer demand helped push builder confidence higher in October, despite growing affordability challenges stemming from rising material prices and shortages.
Category: News and Trends
Tomorrow at MBA Annual21
SAN DIEGO—MBA Annual21, the Mortgage Bankers Association’s Annual Convention & Expo, continues Tuesday with a full slate of keynote addresses, general sessions, breakout sessions and special events.
MBA Announces 2021 Diversity, Equity & Inclusion Residential Leadership Award Winners
SAN DIEGO—The Mortgage Bankers Association recognized five companies as 2021 Diversity, Equity and Inclusion (DEI) Residential Leadership Award recipients at its 2021 Annual Convention & Expo.
Kumar Alok Upadhyay of HCL Technologies: Redefining the Future of Lending Solutions
The pandemic was a major lesson that taught businesses to stay prepared for the uncertain future. So, let’s get into the minds and hearts of the lenders and borrowers, and identify which factors could help sustain the lending business in the coming decade.
Stanley Middleman of Freedom Mortgage: Let’s Use What We Learned from Past Housing Mistakes
We must remember to encourage people to buy homes they can afford and educate them on the costs that go with owning a home. That includes advising consumers not to borrow as much money as they possibly can, lest they become “house poor” and miss out on being able to create a more financially secure future for themselves and their families.
Dave Parker of LoanLogics on ‘Confidence Scoring’ and Human Workflow
Dave Parker is Chief Product Officer for LoanLogics, a Jacksonville, Fla.-based provider of loan quality technology for mortgage manufacturing and loan acquisition.
Quote
“Clearly, we still have work to do to ensure mortgage credit reaches everyone on an equitable basis. Our economic recovery has been uneven, and not everyone is necessarily in a place to qualify for a refinance. But that alone doesn’t explain the gaps we are seeing in refinances to creditworthy Enterprise borrowers.”
–Sandra Thompson, Acting Director of the Federal Housing Finance Agency.
Brent Chandler of FormFree: the Business Case for Jumping on the Rent Payment History Bandwagon
The case for considering a mortgage loan applicant’s rent history is compelling. Limited credit history disqualifies many renters ― even those with great rent payment history — from homeownership, and multiple studies confirm that factoring in rent payment history typically increases credit scores.
Paul Gigliotti of AXIS Lending Academy: How Diversity Efforts Can Reach Critical Mass
Our own industry has embraced diversity, equity and inclusion efforts at a rapid rate over the past several years. At the same time, we only have to look around ourselves to see that we still have a long way to go, especially at the leadership and boardroom level.
Kumar Alok Upadhyay of HCL Technologies: Redefining the Future of Lending Solutions
The pandemic was a major lesson that taught businesses to stay prepared for the uncertain future. So, let’s get into the minds and hearts of the lenders and borrowers, and identify which factors could help sustain the lending business in the coming decade.