“A rebounding job market and stimulus checks helped borrowers stay current on their mortgage payments. Mortgage delinquencies track closely to the U.S. unemployment rate, and with unemployment dropping from last year’s spike, many households appear to be doing better.”
–Marina Walsh, CMB, MBA Vice President of Industry Analysis.
There are no easy answers to be found for legacy banks and those looking to grow their presence in the broader mortgage market, but the clue perhaps lies in the friction involved in existing mortgage processes.
Bill Belichick, one of the most successful coaches in professional football history, once said a team is “not the strength of the individual players, but it is the strength of the unit and how they all function together.” Such wisdom surely resonates with many business leaders in our industry. But how well do they live by it?
Soaring home prices and raging demand will not be enough to slow the housing train. In fact, they may actually help it.
Tai Christensen is the Diversity, Equity and Inclusion Officer and the Director of Government Affairs for CBC Mortgage Agency, a national down payment assistance provider, and has 17 years of experience in the mortgage industry.
There are no easy answers to be found for legacy banks and those looking to grow their presence in the broader mortgage market, but the clue perhaps lies in the friction involved in existing mortgage processes.
International investors feel increasingly optimistic about U.S. commercial real estate, sparking increased interest in secondary and tertiary markets, said the Association of Foreign Investment in Real Estate, Washington, D.C.
Freddie Mac, McLean, Va., and Fannie Mae announced new refinancing options aimed at helping lower-income homeowners.
CBRE, Dallas, closed $38.6 million in office sector transactions in southern California.
LBA Ware, Macon, Ga., said its analysis of first quarter mortgage industry loan compensation showed increases in year-over-year refinance and purchase loan volume contributed to higher overall commissions for loan originators and loan processors despite a slight decline in basis points paid per loan.
