In this edition of To the Point with Bob, MBA President & CEO Robert Broeksmit, CMB, says while the Community Reinvestment Act serves an important policy objective, it is inappropriate to apply it to independent mortgage banks.
Category: News and Trends
Jim Rosen: Why Now is the Time for eClosings
When it comes to closing, there are lots of moving parts involved that have traditionally been in person or on physical paper. However, things had to change rapidly. Although a challenge in the beginning, it has also presented a large opportunity and given borrowers and lenders more flexibility in how they complete tasks.
MBA CONVERGENCE Partner Profile: Pete Carroll, CoreLogic
Pete Carroll is executive of Public Policy & Industry Relations with CoreLogic, Irvine, Calif., and a member of the CONVERGENCE Memphis Steering Committee.
(The New Normal) Larry Silver: The Future of Mortgage Professionals Reimagined for a Hybrid Workplace
Working from home proved liberating for many people, either because they got more work done or they gained a better work-life balance. At this point, we can’t just put the genie back in the bottle. So, how will the mortgage industry manage the shift back to the office, or will they? Now that our face-to-face meeting-driven, paper-intensive industry has been thrust into the future, does it make sense to return to the past?
Tom Lamalfa: May 2021 MBA Spring Conference Survey
In early May I surveyed 33 senior executives from 33 separate mortgage companies about a myriad of issues and topics both germane and important to the mortgage banking industry. It was the 25th time such a survey was conducted by me since 2008. Until 2020 the surveys were conducted face to face at the MBA National Secondary Market Conference every May and again in October at the MBA’s Annual Convention. However, the pandemic has shifted both sets of contacts to the telephone last year and this.
MBA Nominates Mark Jones of Amerifirst Home Mortgage as 2022 MBA Vice Chairman
The Mortgage Bankers Association nominated Mark Jones, CEO and Co-Founder of Amerifirst Home Mortgage, Kalamazoo, Mich. to serve as its Vice Chairman for the 2022 membership year.
Quote
“Mark [Jones] is a fierce advocate for mortgage lenders and their customers, and I am pleased to welcome him to MBA’s leadership ladder. He is an industry trailblazer and a valuable voice for sustainable, affordable housing and communities across the country, making him a terrific fit to lead MBA and its members.”
–Susan Stewart, MBA 2021 Chair and CEO of SWBC Mortgage, San Antonio, Texas, on Mark Jones’ nomination as 2022 MBA Vice Chairman.
April Pending Home Sales Drop 4.4%
Pending home sales took a step back in April, the National Association of Realtors reported on Thursday. All four U.S. regions recorded year-over-year increases, but only the Midwest saw month-over-month gains.
2nd Look at 1Q GDP Unchanged at 6.4%
Second verse, same as the first: The Bureau of Economic Analysis on Thursday said its second (revised) estimate of 1st quarter gross domestic product showed economic growth increased at an annual rate of 6.4 percent, unchanged from its first estimate in April.
Initial Claims Down Another 38,000
Initial claims for unemployment insurance fell for the fourth straight week to another 14-month low, continuing a trend toward pre-pandemic levels, the Labor Department said Thursday.