Rana Fleming is Director of Homeowner Assistance and Servicer Reporting with Genworth Mortgage Insurance, Raleigh, N.C. She joined Genworth in 2012.
Category: News and Trends
MBA Letters Address GSE Liquidity Requirements, ‘Living Wills’
The first letter offers recommendations on how FHFA can improve its framework for codifying new liquidity requirements for Fannie Mae and Freddie Mac. The second letter addresses an FHFA proposal to require Fannie and Freddie to develop and maintain “living wills” in the event one or both of them becomes insolvent.
Construction Loan Considerations During the COVID-19 Pandemic
Construction lending calls for a high degree of perseverance and accuracy to mitigate its inherent risks. The COVID-19 pandemic has made business much more difficult and complex.
Dealmaker: Dwight Capital Finances $152M for Multifamily
Dwight Capital, New York, closed $151.5 million in financings for three multifamily properties.
Matt Hydrew: Incubate, not Originate!
Incubate, not originate is about making the most out of each lead, not just adding more leads into the funnel. Incubation takes time. It starts with making sure borrowers are credit-ready and remain credit-ready until they reach the closing table. It starts at the top of the funnel and it keeps borrowers in your pipeline.
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“With the spring buying season at the doorstep, the purchase market had its strongest showing in four weeks, with gains in both conventional and government applications. Overall activity was 2.4 percent higher than a year ago, and loan sizes moderated for the second straight week – potentially a sign that more first-time buyers are entering the market.”
–Joel Kan, MBA Associate Vice President of Economic and Industry Forecasting.
(Switching Gears) Michael Franco: The Times, They Are A-Changin’—So You Should, Too
If the past year has taught us anything, it’s that Bob Dylan was right—the times they are a-changin’. From the pandemic to the overnight shift to remote work to the rollercoaster ride of the market, no one could have anticipated just how different 2020 turned out versus expectations. But there’s even more change in store in 2021, and businesses will have no choice but to adapt.
Mortgage Credit Availability Unchanged in February
Mortgage credit availability remained unchanged in February and held near its lowest level in six years, the Mortgage Bankers Association reported this morning.
MBA: Share of Mortgage Loans in Forbearance Decreases to 5.20%
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance decreased by 3 basis points to 5.20% of servicers’ portfolio volume as of February 28 from 5.23% the previous week. MBA estimates 2.6 million homeowners are in forbearance plans.
Nicole Berg: 10 Skills You Need to Move from Processor to Underwriter
There is more to being an underwriter than learning guidelines. Based on my experience managing people moving from processor to underwriter, there are hard and soft skills you need before you can transition from Processor to Underwriter.