SAN DIEGO—The Mortgage Bankers Association on Sunday swore in its Board of Directors for the 2022 membership year at its 2021 Annual Convention & Expo.
Category: News and Trends
MBA Elects 2022 Officers: Kristy Fercho, Matt Rocco, Mark Jones
SAN DIEGO—The Mortgage Bankers Association swore in Kristy Fercho, Executive Vice President and Head of Home Lending with Wells Fargo, as MBA 2022 Chairman on Sunday during the association’s 2021 Annual Convention & Expo.
MBA Forecast: 2022 Purchase Originations to Increase 9% to Record $1.7 Trillion
SAN DIEGO–The Mortgage Bankers Association said purchase mortgage originations are expected to grow 9% to a record $1.725 trillion in 2022.
Dealmaker: Dwight Capital Finances $89M
Dwight Capital, New York, closed $89.3 million in multifamily financings.
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.
MBA Advocacy Update Oct. 18, 2021
Last Tuesday, the House passed a short-term debt ceiling extension, and President Biden signed the bill into law Thursday. The temporary increase in the debt limit will allow the U.S. Treasury Department to continue funding the government’s financial obligations through December 3.
MBA Chart of the Week Oct. 18, 2021–Job Openings for Selected Industries
The U.S. Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey (JOLTS) data for August continues to show that many employers are running into difficulty re-hiring and filling open positions.
Commercial/Multifamily Briefs Oct. 18, 2021
S&P Global Ratings said it plans several initiatives about how it assesses environmental, social and governance factors across all sectors globally.
Dealmaker: Gantry Secures $31M to Refinance California Shopping Center
Gantry, San Francisco, secured $31 million to refinance the Northgate Plaza Shopping Center in Thousand Oaks, Calif. near Los Angeles.
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.