Paul Gigliotti is COO of Pinnacle Home Loans, Novato, Calif. He also serves as a board member of the California Mortgage Bankers Association.
Category: News and Trends
Strong Buyer Demand Keeps Home Builders Optimistic
Strong buyer demand helped offset supply chain challenges and a surge in lumber prices as builder confidence in the market for newly built single-family homes edged up, the National Association of Home Builders reported yesterday.
MBA Letter Offers Recommendations on Improving CRA Framework
The Mortgage Bankers Association, in a letter this week to the Federal Reserve, offered recommendations on how the Fed could improve the Community Reinvestment Act to improve credit access and more effectively meet the needs of low- and moderate-income communities.
Quote
“These results are consistent with the still-increasing pace of single-family housing starts and permitting activity reported over the last several months. The low supply of existing homes on the market and changing household preferences toward newer, larger homes, continue to spur buyer demand.”
–Joel Kan, MBA Associate Vice President of Economic and Industry Forecasting.
Mortgage Applications Decrease in MBA Weekly Survey for Feb. 17
Interest rates hit their highest level since November, and mortgage applications dropped, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending February 12.
Career Growth Amidst Crisis: A Conversation with MBA Future Leader Graduate Dennis Moore
MBA Newslink interviewed recent MBA Future Leaders Program graduate Dennis Moore about his experiences and perspectives on the current industry landscape and the program.
MBA: Loans in Forbearance Fall to 10-Month Low
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance decreased by 6 basis points to 5.29% of servicers’ portfolio volume as of Feb. 7–the lowest percentage in more than 10 months.
People in the News Feb. 18 2021
Cherry Creek Mortgage, Denver, named Katy Uhl as Chief Human Resources Officer.
Anita Bush: Effective Forbearance Management for Mortgage Loan Servicers
In this article, we’ll address some of the servicer’s legal requirements and offer three keys to success intended to help servicers manage the post-forbearance process.
MBA Launches Licensing Flexibility Campaign with State Partners
The Mortgage Bankers Association recently launched a new campaign with its state and local association partners aimed at updating state law and rules to provide mortgage loan originators and their state licensed employers greater flexibility for remote location work arrangements during—and especially beyond—the coronavirus pandemic.