When the full effects of the coronavirus pandemic began hitting in March 2020, the Mortgage Bankers Association quickly realized that life as usual—and business as usual—could take a long time to return to “normal.”
Category: News and Trends
Brian Lynch: A Deeper Dive into Mortgage Accounting: Financial Reporting is More Important Than Ever Before
Loan officers, branch managers, c-level executives and more need access to granular financial data and in-depth accounting tools in a changing market. The pandemic rapidly spurred the adoption of tech solutions and heightened the industry’s reliance on technology – from helping lenders operate, to supporting loan officers in their day-to-day tasks, to increasing daily efficiencies for the accounting department.
March Mortgage Credit Availability Up 0.6%
Mortgage credit availability increased in March, the Mortgage Bankers Association reported Thursday.
MISMO Statement in Support of Truliant Federal Credit Union’s eNote Transfer to Federal Home Loan Bank of Atlanta
Seth Appleton, President of MISMO®, issued the following statement in support of Truliant Federal Credit Union’s successful eNote transfer to Federal Home Loan Bank of Atlanta:
Rental Activity, Rent Both Increase
More renters moved last year than in 2019, and many of them relocated to big cities, reported Yardi Matrix, Santa Barbara, Calif.
Cities in Western States Expected to Dominate Home Price Increases
Veros Real Estate Solutions, Santa Ana, Calif., released its Q1 2021 VeroFORECAST data that anticipates home price appreciation will increase significantly during the next 12 months in the 100 most-populated markets.
Millennials, Gen Z More Than Twice as Likely to Delay Financial Milestone Due to COVID-19
Although an increasing number of U.S. adults have been vaccinated and look forward to resuming pre-pandemic activities, a new Bankrate.com survey indicates that nearly two in five (39%) individuals have delayed a financial milestone because of the pandemic.
CFPB Proposes Delay for Debt Collection Rules
The Consumer Financial Protection Bureau on Wednesday proposed extending the effective date of two recent debt collection rules to give affected parties more time to comply due to the ongoing COVID-19 pandemic.
ATTOM: 2020 Single-Family Property Taxes Rise 5.4% to $323B
Single-family homeowners saw their property taxes rise on average by 5.4 percent in 2020, to a nationwide total of $323 billion, reported ATTOM Data Solutions, Irvine, Calif.
Dealmaker: Mesa West Capital Provides $47M in Mezzanine Loans
Mesa West Capital, Los Angeles, funded $47 million in mezzanine capital to finance commercial real estate transactions in Chicago and San Diego.