The Mortgage Bankers Association’s Capital Council hosted a panel on Thursday. Amidst an active policy landscape, commercial real estate advocates representing broad member constituencies discussed priorities for the new Congress and the Biden Administration.
Category: News and Trends
Ritesh Singhania: Mortgage Rate Buy-Down Points–to Sell or Not to Sell?
Consumers should be informed and aware that, even after the rate on their loan is locked and before it
closes, they have the option to move up and down the rate stack (as above) that was originally used to
lock their loan.
MBA Chart of the Week: 10-Year Treasuries and 30-Year Fixed Rates
This week’s chart shows the recent climb in rates, and the spread between the 30-year mortgage rate, as surveyed by Freddie Mac, and the 10-year Treasury yield. As the 10-year has risen, so has the 30-year fixed rate, which has gone up 24 basis points since the beginning of February.
MBA Announces Members of Affordable Housing Advisory Councils for 2021
The Mortgage Bankers Association announced members of its advisory councils for affordable rental housing and homeownership for 2021. The advisory councils were formed in 2019 to provide important strategic and practical guidance to MBA’s CONVERGENCE Initiative, the association’s affordable housing effort.
Paul Anselmo: The Increasing Value of Outsourcing During Market Shifts
At some point in the future, however, it’s inevitable that the market will shift—and it’s not too soon to prepare. And just as outsourcing has helped many originators overcome unprecedented capacity issues while volumes are high, it may again prove to be the best strategy for organizations transitioning to the next market environment.
MBA Advocacy Update Mar. 1 2021
On Friday the House began approving a $1.9 trillion “reconciliation” package based largely on President Joe Biden’s American Rescue Plan. Also on Friday, MBA submitted comments in response to the Federal Housing Finance Agency’s Request for Information on Appraisal-Related Policies, Practices and Processes.
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“A small increase in new forbearance requests, coupled with exits decreasing to match a survey low, led to the overall share of loans in forbearance increasing for the first time in five weeks. The largest rise in the forbearance share was for portfolio and PLS loans, due to increases for both Ginnie Mae buyouts and other portfolio/PLS loans.”
–Mike Fratantoni, MBA Senior Vice President and Chief Economist.
Daren Blomquist of Auction.com on the Current State of the Distressed Marketplace
Daren Blomquist is vice president of market economics with Auction.com., Irvine, Calif. He analyzes and forecasts complex macro and microeconomic data trends within the marketplace and greater industry to provide value to both buyers and sellers using the Auction.com platform.
MBA Premier Member Profile: Snapdocs
Snapdocs is a mortgage technology company that is hyper-focused on defragmenting the critical last mile in the loan origination lifecycle, the closing process.
People in the News Mar. 2 2021
Spring EQ, Philadelphia, hired Saket Nigam as senior vice president of capital markets. He will be responsible for leading the company’s continued growth in the consumer-direct and wholesale mortgage markets for first and second mortgage products.