When Jim Deitch, CEO of Teraverde, and Alex Kutsishin, CEO of Sales Boomerang, sat down to discuss business and development of Sales Boomerang, the conversation was sure to be vibrant.
Category: News and Trends
MBA Advocacy Update June 21, 2021
On Tuesday, the Federal Housing Finance Agency published its yearly Report to Congress, which provides details on the Agency’s activities over the course of the past year, including its actions as conservator of Fannie Mae and Freddie Mac. On Wednesday, the House Financial Services Committee passed a package of bills that would establish a new series of environmental, social and corporate governance reporting requirements for publicly traded companies.
MBA Statement on Changes to FHA’s Calculation of Student Debt
Statement by MBA President and CEO Bob Broeksmit, CMB, regarding the announced changes to FHA’s calculation of student debt:
The Week Ahead—June 21, 2021
MBA releases its weekly Forbearance & Call Volume Survey today. The survey has shown drops in loans in forbearance for 15 consecutive weeks and is threatening to show loans in forbearance falling under 4 percent for the first time in more than a year.
MBA Chart of the Week June 21, 2021: MBA Wholesale Lending Survey
In third quarter 2020, MBA launched a new Wholesale Lending Survey for members to track broker wholesale and non-delegated correspondent volume and related metrics. This week’s chart shows the percentage change from the previous month in average broker-wholesale and non-delegated correspondent volume.
Industry Briefs June 21, 2021
Fannie Mae, Washington, D.C., said economic growth expectations for full-year 2021 were revised modestly upward to 7.1 percent, one-tenth higher than the previous forecast, due to stronger-than-expected consumer spending data year to date.
MBA Weighs In With SEC on Climate-Related Disclosures
The Mortgage Bankers Association last week urged the Securities and Exchange Commission to follow a set of guiding principles as it considers climate-related disclosures.
Lennar Mortgage Takes Creative Approach to Raise $62,000 for MBA Opens Doors Foundation
The MBA Opens Doors Foundation is grateful for the member company campaigns that support its mission—and for the creative approaches that companies such as Lennar Mortgage, take to help further that mission.
MISMO Approves Commercial Appraisal Dataset Standard
MISMO®, the real estate finance industry’s standards organization, announced availability of its updated Commercial Appraisal Dataset standard.
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“Promoting safe and sustainable homeownership and closing the homeownership gap that exists within minority communities is my top priority as MBA’s 2021 Chair. The mortgage industry has an opportunity and a responsibility to open the door for those ready and able to buy a home.”
–Susan Stewart, 2021 MBA Chair and CEO of SWBC Mortgage Corp., on MBA’s participation in the Black Homeownership Collaborative, which aims to increase Black homeownership by 3 million households by 2030.