The Week Ahead—July 6, 2021

Because of the holiday weekend, the Mortgage Bankers Association’s weekly Forbearance & Call Volume Survey, which usually comes out on Mondays, will be released this afternoon at 4:00 p.m. ET.

Grant Carlson: The June 29 Supreme Court Ruling on CDC Residential Eviction Moratorium

On Tuesday the U.S. Supreme Court in, a 5-4 ruling, declined to lift the national Center for Disease Control and Prevention’s residential eviction moratorium. The ruling responds to a request to lift the D.C. Federal District Court’s stay, which has effectively paused its order invalidating the CDC moratorium. Presumably, the CDC eviction moratorium will expire on July 31.

Mark P. Dangelo: aaS, the Building Blocks for an Uncertain Future, Part 3

Future market offerings and IT system delivery are being altered by the exponential expansion of granular, stackable aaS solutions. For industry leaders unaccustomed to using cross-industry building blocks and iterations of offerings, they will find declining profitability against rising industry disintermediation against their core products and services.

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“Artificial intelligence and related technologies, including machine learning have the potential to provide substantial benefits for participants in the mortgage lending industry and the consumers they serve. AI has particular potential in the area of credit underwriting where it can it be combined with alternative or non-traditional data to expand access to affordable (and sustainable) mortgage credit. Despite these benefits, broad adoption of AI has been slowed by uncertainty surrounding how AI fits within a regulatory framework that was largely created before its development.
–Pete Mills, MBA Senior Vice President of Residential Policy and Member Engagement.

Unemployment Claims Hit New Post-Pandemic Low

Initial claims for unemployment insurance fell by more than 51,000 last week, reaching another post-pandemic low, the Labor Department said Thursday.

MBA’s Teressa Lurk Earns HousingWire 2021 Marketing Leader Award

The Mortgage Bankers Association announced Teressa Lurk, Vice President of Marketing and Design, was recognized by HousingWire as a recipient of the publication’s inaugural 2021 Marketing Leader award, which recognizes creative and influential marketing minds in the housing industry.