The U.S. Supreme Court unanimously ruled Thursday that a statutory definition of what constitutes an “autodialer” was overly broad, giving Facebook and a number of businesses, including the Mortgage Bankers Association, a decisive legal victory.
Category: News and Trends
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“We fully expect that this pace of job gains will continue for months, and anticipate that the unemployment rate, now at 6 percent, will be well below 5 percent by the end of the year.”
–Mike Fratantoni, Chief Economist with the Mortgage Bankers Association.
MBA Seeks Nominations to Serve on COMBOG
The Mortgage Bankers Association’s Commercial Real Estate/Multifamily Finance Board of Governors (COMBOG) Nominating Committee seeks members’ recommendations for individuals to serve on the Board beginning this October in the Investor, Lender, Mortgage Banker and Servicer categories.
Jennifer Henry: How Cloud-Based Solutions are Powering the Digital Mortgage Transformation
Cloud computing allows the mortgage ecosystem to no longer be as segmented but rather, exist in a more holistic environment of insights and solutions that deliver a seamless digital experience. Mortgage professionals are already leveraging cloud technology to make smarter, more informed decisions.
Industry Briefs Apr. 5, 2021
Auction.com, Irvine, Calif., released its 2021 Seller Strategy Report, based on an analysis of more than 70,000 properties brought to foreclosure auction on the Auction.com platform in the four quarters ending in Q1 2021.
Jerry Schiano of Spring EQ: The Outlook for Home Equity Lending
Jerry Schiano is CEO of Spring EQ, Philadelphia, a nationwide refinance, home equity and HELOC lender.
Bob Mansur, CMB, AMP: What Kind of LO Goals Do You Set?
Does your company have a process of activities that, when followed, significantly increases a motivated LOs likelihood of success? Well, if your company is like most in this industry, you know the answer to that question.
Scott Roller: Rising Construction Costs – The Appraisal Dilemma
The domino effect – an endless run of falling dominos winding through the residential home construction industry. That’s a vision we can easily conjure up when witnessing the ongoing impacts of steadily rising construction costs. And guess who is at the end of the domino chain, having to deal with the residual mess? Residential home appraisers and their lender clients.
The Biden Administration Infrastructure Proposal: What it Means
On Wednesday, the Biden Administration released its $2 trillion-plus American Rescue Plan, an ambitious proposal to invest in infrastructure, create jobs and position the U.S. to compete better globally—of which housing plays a central role.
Initial Claims Rise; Trend Stays Positive
Initial claims for unemployment insurance rose by more than 60,000 last week—a setback after the previous week’s sharp drop. But the Labor Department said the positive downward trend is likely to continue.