The share of loans in forbearance haven’t moved much lately–but for the past 14 weeks, they’ve been moving down, the Mortgage Bankers said Monday.
Category: News and Trends
MBA, Trade Groups Urge Federal Agencies to Continue Alignment of QM/QRM Frameworks
The Mortgage Bankers Association and a half-dozen industry trade groups asked federal regulatory agencies to hold implementation of new credit risk retention guidelines until the Consumer Financial Protection Bureau implements its updated Qualified Mortgage general definition.
Dealmaker: Institutional Property Advisors Brokers $68M in Property Sales
Institutional Property Advisors, Calabasas, Calif., closed retail and multifamily transactions totaling $68.4 million.
Lisa Springer, of STRATMOR Group: Relieving Workforce Burnout Through Technology
Lisa Springer is a senior partner and CEO of STRATMOR Group, Greenwood Village, Colo., a data-driven mortgage advisory firm. She provides direction and leadership to achieve the firm’s strategic goals.
Rick Triola: Proven a 2020 Best-Practice, RON Poised for Standard Operating Procedure in Mortgage Closing
For all intents and purposes, RON has truly been a global solution, and given the renewed effort at the federal level for nationwide RON authorization, the shift may happen sooner rather than later for any remaining nay-sayers.
People in the News June 8, 2021
SimpleNexus, Lehi, Utah, named Cathleen Schreiner Gates CEO and announced Founder Matt Hansen will lead a task force of software developers and sales staff that specializes in high-priority projects.
MBA Advocacy Update June 7, 2021
Last Friday, President Biden’s full fiscal year 2022 budget proposal was released, along with the Treasury Department’s “Green Book” itemizing the revenue implications of various tax proposals.
Quote
“Although the headline employment growth number for May was lower than many had anticipated, other data show evidence of a strengthening job market. That is good news for homeowners who have been struggling and are looking for work, as more families can regain their incomes and start making their mortgage payments again.”
–MBA Chief Economist Mike Fratantoni.
MBA Chart of the Week June 7, 2021: In-House Servicer Direct Servicing Costs by Function in 2020
MBA Research recently wrapped up its annual Servicing Operations Study, a deep dive analysis of servicing costs, productivity, portfolio activity and operational metrics for in-house servicers. In this week’s chart, we show 2020 direct servicing costs allocated by functional area.
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.