As competition heats up in the face of the anticipated slowdown in mortgage demand, adjustable-rate loans will become an important competitive tool for many loan originators.
Category: News and Trends
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.
Matt Hansen: Get Your Back Up Off the Wall: Support MBA RON Advocacy Efforts
To extend Remote Online Notarization legislation nationwide, lenders are going to have to get their “back up off the wall” and join MBA efforts to press rulemakers for laws that enable homebuyers and the real estate finance industry to benefit from modern business practices that so many other industries already enjoy.
MBA Weekly Applications Survey June 30, 2021: Apps Fall to Near 18-Month Low
Mortgage applications fell to their lowest level in nearly a year and a half amid volatile interest rate activity, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending June 25.
MISMO Seeks Public Comment on Commercial Green Utility Dataset
MISMO®, the real estate finance industry standards organization, seeks public comment on a proposed standard for Commercial Green Utility Data. The 90-day comment period begins June 30 and runs through September 30.
MBA, Trade Groups Urge Fairness on ‘Carried Interest;’ Support for ‘INVEST in America’ Bill
The Mortgage Bankers Association and more than a dozen industry trade groups warned Congress that legislation and a separate Biden Administration proposal to change longstanding tax laws on “carried interest” could have damaging implications for Americans who use partnerships to develop, own and operate real estate.
Consumer Confidence Reaches Post-Pandemic High
The Conference Board, New York, said it Consumer Confidence Index rose for the fifth month in a row to its highest level since March 2020.
Home Price Reports: Annual Growth Pushes to 15% and Beyond
Two home price reports issued Tuesday said annual price gains in home prices nationwide straddled a nearly unprecedented 15 percent.
Dealmaker: Phillips Realty Capital Arranges $96M for Boston-Area Apartments
Phillips Realty Capital, Bethesda, Md., structured loans totaling $96.2 million for its client, The Hamilton Co., to refinance and renovate two apartment properties located within close proximity to Boston University and Harvard University.
Clint Salisbury: The RON Revelation–Why a Return to Normal Shouldn’t Mean a Return to the Status Quo
With recent events leading to a massive increase in the use of RON, borrowers have seen they can close on their mortgage from the convenience of their kitchen table, and they’re wondering why that can’t always be the case.