Last year was a challenging one for many reasons. Beyond the global pandemic, there was record growth in cyber threats that affect mortgage companies, analysts said during MBA’s Spring Conference & Expo 21.
Category: News and Trends
Dealmaker: IPA Closes $34M in Retail Property Sales
Institutional Property Advisors, Calabasas, Calif., closed two retail property sales totaling $34 million.
Industry Briefs Apr. 27, 2021
Fannie Mae, Washington, D.C., said full-year 2021 real GDP growth expectations improved to 6.8 percent, including 9.1 percent annualized growth in the second quarter, due primarily to the continued easing of virus-related social restrictions and stimulus-driven consumer spending.
MBA Seeks Nominations to Serve on COMBOG by April 30
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.
MBA Releases Templates for Servicer Communications with Existing ARM Borrowers in Preparation for LIBOR Expiration
The Mortgage Bankers Association this week released two templates for residential mortgage servicers’ communications with borrowers with existing London Interbank Offered Rate (LIBOR)-indexed adjustable-rate mortgages.
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 Chart of the Week: Home Purchase Applications By Loan Size
This week’s MBA Chart of the Week examines year-over-year growth in purchase loan applications by loan size since 2018.
Sponsored Content from CreditXpert: Incubate, not Originate!
Matt Hydrew of CreditXpert shares the lending success formula to keep applicants credit- and loan-ready.
MBA Advocacy Update Apr. 26, 2021
On Wednesday, the 11th Circuit Court ruled that using a vendor to generate a letter to a debtor violated the FDCPA’s prohibition on disclosing a consumer’s debt to a third party. Also last week, the House passed H.R. 1395, the Housing Financial Literacy Act of 2021, and H.R. 1532, the Improving FHA Support for Small-Dollar Mortgages Act of 2021.
Quote
“After two weeks of large declines, the share of loans in forbearance decreased for the eighth straight week. New forbearance requests increased, and the rate of exits declined. More than 40 percent of borrowers in forbearance extensions have now exceeded the 12-month mark.”
–MBA Chief Economist Mike Fratantoni.