As it typically happens with a new presidential administration, there’s a new attitude in Washington toward the housing market. And one of the most significant changes has been the CFPB’s recent decision to roll back flexibility when reporting Home Mortgage Disclosure Act data. But are lenders ready?
Category: News and Trends
Initial Claims Reach Another Pandemic Low
Initial claims for unemployment insurance continued its positive trend downward, falling well under 500,000 for the second week in a row, the Labor Department reported Thursday.
Home Equity ‘Pandemic-Resistant’
It’s a great time to be a homeowner: ATTOM Data Solutions, Irvine, Calif., said home equity rose sharply in the first quarter, with equity-rich properties in the U.S. outnumbering seriously underwater homes by a 7-1 margin.
MBA Opens Doors Foundation Surpasses 7,000 Families Helped with $10.3 Million in Grants During 10-Year Anniversary
The MBA Opens Doors Foundation announced it has now provided more than $10.3 million in rental and mortgage payment grants to more than 7,000 families.
(The New Normal) Jane Mason: With Right Technology, Servicers Proved Remote Teams Can Excel
Mortgage servicing has certainly seen ups and downs over the years, although nothing compares to the level of upheaval that we saw last year—nor the speed at which it occurred. Out of the chaos, however, new opportunities to excel have emerged, and perhaps the biggest one of all has been the ability to run a remote workforce with success.
Bob Mansur, CMB, AMP: Your Actions When Your LOs Won’t Do It?
Our three previous articles made the argument for behavioral standards, how to set those expectations, and a valuable response to an LO’s efforts to meet your requirements. Those presentations assumed LOs are willing to change their actions to deliver required results. In this part we address how you might effectively respond when an underperforming LO lacks the motivation to make those changes.
Dealmaker: Dwight Capital Finances $178M
Dwight Capital, New York, closed $178 million in financings for senior living, mixed-use and multifamily properties.
DLA Piper: CRE Executives Becoming ‘Bulls’ Again
Commercial real estate executives are once again bullish about the U.S. CRE market after an uncertain 2020, DLA Piper’s Global Real Estate Annual State of the Market Survey reported.
April New Home Purchase Mortgage Applications Up 31% From Year Ago
The Mortgage Bankers Association’s monthly Builder Applications Survey posted strong annual gains in April, as the spring homebuying season shifted into full gear.
Industry Briefs May 14, 2021
DiversityInc announced its annual list of the Top 50 Companies for Diversity, which serves as a benchmark of how the largest employers in U.S. are doing when it comes to hiring.