This week’s chart shows the historical retail Loan Officer turnover rates (%) for depository banks and independent mortgage companies, based on data collected through the MBA and STRATMOR Peer Group Roundtable Program, now in its 23rd year of production.
Category: News and Trends
April Existing Home Sales Fall 2.7%
Existing home sales in fell for the third straight month in April, hamstrung by tight inventories and rising home prices, the National Association of Realtors reported Friday.
Dealmaker: NorthMarq Arranges $54M for Multifamily, Retail
NorthMarq, Minneapolis, arranged $54 million for multifamily and retail assets in Washington and Kentucky.
People in the News May 24, 2021
Notarize, Boston, announced Roger W. Ferguson Jr., joined its board of directors. His career spans more than four decades, including 13 years as CEO of TIAA.
Sponsored Content from ServiceLink: Selecting an AMC Committed to Compliance —Why and How
The largest risk in the real estate lending industry is the collateral securing the loan. Having thorough appraisal and evaluation programs in place is the best insurance to mitigate that risk. ServiceLink’s Laura Raposo explains how lenders can identify and select an AMC with an affirmed commitment to compliance, and the financial strength and stability to adhere to that commitment.
Peter Muoio of SitusAMC Insights: Migration Out of Big Cities Opportunity for Some Who Previously Couldn’t Afford It
Peter Muoio is head of SitusAMC’s Insights division, a provider of technology and services to the real estate finance industry. He has more than 30 years of research and analytics experience in the commercial real estate industry.
The Week Ahead—May 24, 2021
Good Monday! We have another busy week of housing and economic reports as we approach the Memorial Day weekend.
MISMO Updates Business Glossary
MISMO®, the real estate finance industry’s standards organization, made significant enhancements to the MISMO Business Glossary, an online resource of mortgage industry business terms and data point descriptions.
Quote
“The economy and job market are recovering, but the 2.7 percent decline in existing home sales in April is another indication that the housing inventory shortage continues to restrain sales growth. The insufficient level of inventory amidst fierce competition is putting upward pressure on home prices in most parts of the country.”
–Joel Kan, MBA Associate Vice President of Economic and Industry Forecasting.
Omar Jordan of LenderClose on the Evolving Home Equity Loan Market
Omar Jordan is Founder and CEO of LenderClose, West Des Moines, Iowa, a fintech that equips loan originators with the workflows needed to boost efficiencies and shorten the lending cycle through streamlined and meaningful integrations. He founded LenderClose in 2015.