Mortgage servicers are under tremendous pressure to not just onboard loan files faster but do so in compliance with regulatory requirements of CFPB.
Category: News and Trends
MBA DEI Leadership Awards: Nomination Deadline Aug. 13
Inspire change; share success. The Mortgage Bankers Association recognizes residential and commercial/multifamily members who show leadership in the areas of Diversity, Equity and Inclusion (DEI) internally through market outreach efforts with its annual DEI Leadership Awards.
Illinois, Florida, New Jersey Housing Markets Most At-Risk From Pandemic-Related Damage
Housing markets along the East Coast and in Illinois were most vulnerable to damage from the Coronavirus pandemic in the second quarter, reported ATTOM, Irvine, Calif.
Inventory Jump Could Give Home Buyers Welcome Relief
Zillow, Seattle, reported housing inventory saw “significant recovery” for the second straight month in June, indicating the market may be on the road to rebalancing after a long stint of being heavily in sellers’ favor.
Dealmaker: Capital One Closes $13M Fannie Mae Loan to Refinance Los Angeles Apartments
Capital One provided a $13 million Fannie Mae loan to refinance La Corona del Mar, a 107-unit apartment community in San Pedro, Calif.
Race for Life Sciences Lab Space Heated Up in First-Half 2021
Life-science lab space has emerged as a coveted sector as hefty increases in funding and employment fuel both demand for and construction of lab space in leading U.S. life-science markets, reported CBRE, Dallas.
People in the News July 22, 2021
Evolve Mortgage Services, Frisco, Texas, hired Tim Anderson as executive vice president and director of eMortgage strategy, to oversee further deployment of its digital closing platform.
Industry Briefs July 22, 2021
Covius, Denver, announced New American Funding implemented Covius Document Solutions for its default servicing operations. Specifically, New American will use Covius’ 50-state template library and on-demand printing services to prepare and deliver compliant pre-foreclosure/breach letters.
MBA Weekly Applications Survey July 21, 2021: Apps Decrease
Mortgage applications decreased 4.0 percent from one week earlier, the Mortgage Bankers Association reported in its Weekly Applications Survey for the week ending July 16. The previous week’s results included an adjustment for the Fourth of July holiday.
Housing Market Expected to Remain Strong Despite Supply, Price Concerns
The low mortgage rates that have supported the housing market throughout the pandemic will likely increase later this year, but just gradually, said Freddie Mac, McLean, Va.