So, if 2020 was one of the strangest years on record, is 2021 the “hold my beer” year? Mortgage Bankers Association President & CEO Robert Broeksmit, CMB, says the real estate finance industry is facing a “very different landscape” fraught with potential difficulties.
Category: News and Trends
MBA Weekly Applications Survey Apr. 21, 2021: Borrowers Come Roaring Back
After five weeks of rising interest rates and tepid activity, mortgage applications roared back this week, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending April 16.
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“We know there are comparative models that appraisers use when they compare a home to others in the neighborhood. If you are comparing a home with other homes that have been discriminated against, you’re essentially just recycling discrimination over and over again. So, there needs to be a fix for that.”
–Brookings Institution Senior Fellow Andre Perry.
#MBASPRING21 MBA Chair Susan Stewart: MBA, Industry Ready to ‘Move Forward’
In her keynote address Tuesday at the Mortgage Bankers Association’s Spring Conference & Expo, MBA Chair Susan Stewart tapped into the collective frustration and hope of the entire real estate finance industry—and the nation—with a simple sentence.
Brace for Impact: CRE Finance Implications as LIBOR Transition Approaches
The finance industry’s march towards transition away from LIBOR index continues as the third quarter approaches. For all the talk of upward revisions to economic growth projections, the market still awaits the first balance sheet commercial mortgage loan based on SOFR index.
Sponsored Content from Calyx: Non-QM–The Big Pause, the New Rules and What’s Ahead
LoanScorecard’s Managing Director, Raj Parekh, looks at the new rules and what’s in store for non-QM.
(The New Normal) Garth Graham: Shifting Teams at the Speed of a Pandemic
Between stay-at-home orders, historical levels of refinance activity and the big increase in forbearance requests, mortgage originators and servicers spent the past year continually creating and re-creating ways to get things done. Here’s some of the things we saw.
Hassan Rashid: From Promise to Reality: Achieve Digital Transformation with Automation
The financial services industry as a whole continues to evolve at a rapid pace, driven by customer expectations, advancements in technology, and heightened competition from incumbents and new entrants. Lenders that seize this opportunity will not only survive, but ultimately thrive well into the future. In contrast, lenders content on simply surviving, taking more of a “wait-and-see” approach, may quickly become irrelevant.
#MBASpring21: FHFA Director Calabria on Origination Flexibilities, Lessons Learned
A lot has happened in the past two years, Federal Housing Finance Agency Director Mark Calabria said yesterday at the Mortgage Bankers Association’s Spring Conference & Expo.
MBA Weekly Applications Survey Apr. 21, 2021: Borrowers Come Roaring Back
After five weeks of rising interest rates and tepid activity, mortgage applications roared back this week, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending April 16.