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.
Category: News and Trends
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.
MISMO Seeks Public Comment on New eModification Reference Guide
MISMO®, the real estate finance industry standards organization, seeks public comment on its new eModification Reference Guide. The 30-day comment period runs through May 24.
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.”
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.
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.