Bill Belichick, one of the most successful coaches in professional football history, once said a team is “not the strength of the individual players, but it is the strength of the unit and how they all function together.” Such wisdom surely resonates with many business leaders in our industry. But how well do they live by it?
Category: News and Trends
JP Kelly of OpenClose on the LOS Space and Unique Marketplace Conditions
MBA NewsLink recently posed questions about the LOS space to JP Kelly, president and co-founder of OpenClose, a West Palm Beach, Fla. multi-channel, end-to-end LOS and mortgage technology provider.
Murali Tirupati: How Intelligent Automation Can Simplify Mortgage Origination, Boarding and Servicing
There are no easy answers to be found for legacy banks and those looking to grow their presence in the broader mortgage market, but the clue perhaps lies in the friction involved in existing mortgage processes.
MBA Weekly Applications Survey May 12, 2021: Back on Track
Mortgage applications rose for the first time in three weeks from one week earlier as interest rates dropped to three-month lows, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending May 7.
#MBANAC21: The View From The House
Three senior lawmakers–two retired, one retiring from Congress–stopped by MBA’s National Advocacy Conference yesterday to weigh in on housing, the economy and lessons learned.
#MBANAC21: Senators Outline Housing Priorities
Three members of the Senate Banking Committee visited the Mortgage Bankers Association’s National Advocacy Conference to talk about renewed interest in housing priorities in the 117th Congress.
MBA Presents Burton C. Wood Award to Texas MBA General Counsel John Fleming
The Mortgage Bankers Association presented its annual Burton C. Wood Legislative Service Award to John Fleming, Counsel of the Law Offices of John Fleming, and General Counsel of the Texas Mortgage Bankers Association.
Dealmaker: Phillips Realty Capital Structures $58M in Debt, Equity for Maryland Multifamily
Phillips Realty Capital, Bethesda, Md., arranged $58 million in debt and equity for St. Joseph Apartments, a planned 268-unit apartment property in Upper Marlboro, Md.
ATTOM: Foreclosure Activity Declines as Moratorium Hits One-Year Mark
ATTOM Data Solutions, Irvine, Calif., released its April U.S. Foreclosure Market Report, showing 11,810 U.S. properties with foreclosure filings — down 1 percent from a month ago and down 17 percent from a year ago.
MBA, NMSA Ask CFPB to Amend Servicing Rules
The Mortgage Bankers Association and the National Mortgage Servicing Association asked the Consumer Financial Protection Bureau to make several changes to its proposed rulemaking to amend Regulation X servicing rules.