When David Orsini graduated from the Georgia Institute of Technology (Georgia Tech), he had exactly 16 hours to savor the feeling. Then off he went to work for Top of Mind—and he hasn’t left.
Category: News and Trends
MBA NewsLink 2021 Tech All-Star Tom Pearce: Challenging the Status Quo
Tom Pearce has extensive experience in the financial services, asset management, mortgage finance, real estate and private equity arenas. He has worked in the center of the secondary market’s buyer-seller dynamic for more than 30 years.
MBA NewsLink Tech All-Star 2021: A Passion for Safe Closes—Ike Suri, Chairman & CEO, FundingShield
You might say Ike Suri is feeling the love these days. The quality of his vision in the past four years has transformed how many of us work. Plus, it’s hard to ignore the head of a company that has reviewed more than $1 trillion (that’s trillion with a “t”) in closing value.
Sponsored Content from CreditXpert: Incubate, not Originate!
Matt Hydrew of CreditXpert shares the lending success formula to keep applicants credit- and loan-ready.
MBA NewsLink Tech All-Star 2021: Benjamin Schweitzer and Freddie Mac’s Multifamily Innovation Lab
To deal with the disruption of the COVID-19 pandemic, Freddie Mac Senior Director Benjamin Schweitzer and Freddie Mac’s Strategic Transformation team immediately accelerated their work on technology that supports remote property inspections, widely known as virtual inspections.
MBA NewsLink Tech All-Star 2021: Connecting the Mortgage Ecosystem—Matt Hansen, Founder and CEO, SimpleNexus
It’s easy to make Matt Hansen happy. “I just love writing code,” the Founder and CEO of SimpleNexus and MBA NewsLink 2021 Tech All-Star, said. “If I wasn’t writing code at work, which I did for 14 years, I was writing code at home. Even after a decade of it, I just couldn’t get enough of it.”
Quote
“Even with a few weeks of lower rates, most borrowers have likely already refinanced, which is why activity has decreased in seven of the last eight weeks.”
–Joel Kan, MBA Associate Vice President of Economic and Industry Forecasting.
MBA: Share of Mortgage Loans in Forbearance Dips to 4.49%
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey showed little movement from the previous week. MBA said loans now in forbearance decreased by 1 basis point to 4.49% of servicers’ portfolio volume as of Apr 18 from 4.50% the prior week.
MBA: Share of Mortgage Loans in Forbearance Dips to 4.49%
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey showed little movement from the previous week. MBA said loans now in forbearance decreased by 1 basis point to 4.49% of servicers’ portfolio volume as of Apr 18 from 4.50% the prior week.
#MBASpring21: Administration Acknowledges Issues with GSE Product Caps
During the final months of the Trump Administration, the Federal Housing Finance Agency implemented product caps on Fannie Mae and Freddie Mac through their Senior Preferred Stock Purchase Agreements—a move that the Mortgage Bankers Association called “disruptive” for many of its members.