JBG Smith, Bethesda, Md., and J.P. Morgan Global Alternatives, New York, formed a joint venture to develop nearly two million square feet of new mixed-use space near Washington, D.C.
Category: News and Trends
MBA: 1Q Mortgage Delinquencies Continue to Drop
The Mortgage Bankers Association this morning reported the delinquency rate for mortgage loans on one-to-four-unit residential properties fell to 6.38 percent of all loans outstanding, seasonally adjusted, at the end of the first quarter.
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“A rebounding job market and stimulus checks helped borrowers stay current on their mortgage payments. Mortgage delinquencies track closely to the U.S. unemployment rate, and with unemployment dropping from last year’s spike, many households appear to be doing better.”
–Marina Walsh, CMB, MBA Vice President of Industry Analysis.
MBA: 1Q Mortgage Delinquencies Continue to Drop
The Mortgage Bankers Association on Friday reported the delinquency rate for mortgage loans on one-to-four-unit residential properties fell to 6.38 percent of all loans outstanding, seasonally adjusted, at the end of the first quarter.
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.
Sponsored Content from WFG: Responsive Solutions
To determine what products, programs and services are needed to address their most urgent pain points, WFG asked its customers and colleagues.
The Week Ahead—May 10, 2021
Good morning! The Mortgage Bankers Association’s National Advocacy Conference kicks off in a little more than 24 hours.
Industry Briefs May 10, 2021
Freddie Mac, McLean, Va., and Fannie Mae announced new refinancing options aimed at helping lower-income homeowners.
Quote
“A rebounding job market and stimulus checks helped borrowers stay current on their mortgage payments. Mortgage delinquencies track closely to the U.S. unemployment rate, and with unemployment dropping from last year’s spike, many households appear to be doing better.”
–Marina Walsh, CMB, MBA Vice President of Industry Analysis.
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.