Delinquency rates for mortgages backed by commercial and multifamily properties continue to decline, according to two reports released Thursday by the Mortgage Bankers Association.
Category: News and Trends
Zaid Shariff of SLK Global Solutions: Avoiding CFPB Regulatory Actions by First Cutting Complaints
Zaid Shariff is vice president – head of solution design and product implementation for SLK Global Solutions, a provider of digital platforms and business process management solutions to the banking, mortgage and financial services industries.
People in the News June 3, 2021
The Mortgage Bankers Association nominated Mark Jones, CEO and Co-Founder of Amerifirst Home Mortgage, Kalamazoo, Mich. to serve as its Vice Chairman for the 2022 membership year.
(The New Normal) Larry Silver: The Future of Mortgage Professionals Reimagined for a Hybrid Workplace
Working from home proved liberating for many people, either because they got more work done or they gained a better work-life balance. At this point, we can’t just put the genie back in the bottle. So, how will the mortgage industry manage the shift back to the office, or will they? Now that our face-to-face meeting-driven, paper-intensive industry has been thrust into the future, does it make sense to return to the past?
MBA Weekly Applications Survey June 2, 2021: Index at 15-Month Low
Mortgage applications fell again last week, hamstrung by lack of housing inventory and rising prices, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending May 28.
Quote
“Pockets of elevated stress remain in loans backed by lodging and retail properties, driven by loans in the later-stages of delinquency and foreclosure or REO. Quarterly measures of delinquency rates between last year’s fourth quarter and this year’s first quarter show a drop in distress across nearly every capital source.”
–Jamie Woodwell, MBA Vice President of Commercial Real Estate Research.
MBA: Share of Mortgage Loans in Forbearance Falls 13th Straight Week
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans in forbearance decreased by 1 basis point to 4.18% of servicers’ portfolio volume as of May 23 from 4.19% the prior week–the 13th straight weekly decline. MBA estimates 2.1 million homeowners are in forbearance plans.
MISMO President Seth Appleton Receives ‘Rising Star’ Award
MISMO®, the real estate finance industry standards organization, announced its president, Seth Appleton, was named a HousingWire 2021 Rising Star.
Mark P. Dangelo: Purging of Underperforming Innovation Firms Is Accelerating
As banking, mortgage and financial services look to remain innovatively different, the quest to “do something” that leverages their people, processes and partners is creating a dystopia during a period of profitability for many leaders unfamiliar with rapid innovations taking place across their markets and offerings.
MBA Weekly Applications Survey June 2, 2021: Index at 15-Month Low
Mortgage applications fell again last week, hamstrung by lack of housing inventory and rising prices, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending May 28.