The Mortgage Bankers Association on Monday announced a policy initiative, Building Generational Wealth Through Homeownership, aimed at providing industry leadership and direction for reducing the racial homeownership gap, developing and supporting policies that support sustainable homeownership for communities of color and promoting fair, equitable and responsible lending for minority borrowers.
Category: News and Trends
Brian Vieaux of AXIS Lending Academy: Diversity is Key to Success in Real Estate Finance
Brian Vieaux is a director of AXIS Lending Academy. He is also the president and COO of FinLocker, a provider of next-generation, digital, consumer-permissioned personal financial assistance tools. He has three decades of home lending experience and has held leadership roles at Citigroup, Flagstar and IndyMac Bank.
Mark P. Dangelo: The Dark Matter Transforming M&A Post-Deal Landscapes, Part 3
Data is the “dark matter” of M&A events. Data is made even more important with widespread digital transformations of processes, predictive analytics, and advanced machine learning. During an M&A event, the cascading challenges to leverage these siloed data innovations across Industry 4.0 ecosystems requires a framework that moves beyond the prescriptive, one-size-fits-all strategy.
Armand Massie of HCL Technologies: Transforming Lending Solutions for Enhanced Customer Experience
The face of lending has changed – from large banks and financial institutions to online consumers and lenders. With the pandemic mandating social distancing and lockdowns, businesses and individuals are looking for lenders that can perform the borrowing journey remotely and faster than before.
Todd Sheinin of Homespire Mortgage: The Future of the Mortgage Office–Redefining the Workplace in a Post-Vaccine Environment
With the effects of the pandemic now stretching into a second year, many mortgage companies are beginning to feel the pressure to have employees return to the office. However, while returning may seem like the right move on the surface, it is important to consider the reasoning behind this decision and whether it is completely necessary.
MBA RIHA Climate Change Report: Mortgage Industry Needs to Improve Risk Management Measurements
Climate change triggered by global warming will continue at an unpredictable pace and will add stress to the complex system of allocating risks across housing and housing finance stakeholders, according to a new research report released Thursday by the Mortgage Bankers Association’s Research Institute for Housing America.
Quote
“[Private-label securities are] currently a small fraction of the market–just 3 percent. But it’s 3 percent of a $12 trillion market, so it’s still a lot.”
–Vanessa Purwin, Senior Director with S&P Global Ratings, speaking at the MISMO Fall Summit.
MBA CONVERGENCE Partner Profile: David Dworkin, National Housing Conference
One in a recurring series about MBA CONVERGENCE, the Mortgage Bankers Association’s affordable housing initiative.
Fitch Ratings: The Future of New York Office Space
As the largest U.S. office market, New York provides a good case study of possible pandemic pressures on office demand, said Fitch Ratings, New York.
FOMC Pushes Up Rate Hike Schedule
The Federal Reserve isn’t planning on raising key interest rates any time soon, but the trigger finger appears to be getting itchier.