MBA NewsLink talked with Dane Smith, President of Verus Mortgage Capital, Washington D.C., about why the firm has chosen to work with correspondent lenders to build its portfolio of Non-Qualified Mortgage assets.
Category: News and Trends
Tom Pearce of MAXEX on ESG Lending and Investment
Tom Pearce is a co-founder of MAXEX, Atlanta, and serves as its CEO and Chairman of the Board. He brings more than 30 years of expertise within the community banking and insurance arenas as well as expertise within the mortgage finance, credit and asset management arenas.
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 this morning in its Weekly Mortgage Applications Survey for the week ending February 12.
Dealmaker: KBS Completes $527M in Refinancing
KBS, Newport Beach, Calif., completed three refinances totaling $527 million for assets in Chicago, San Jose and Charlotte, N.C.
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.
Single-Family Rents Grow, But at Disparate Rates
CoreLogic, Irvine, Calif., said single-family rent growth reached 3.8 percent year-over-year in late 2020, up from 2.9 percent growth a year before.
Biden Administration Extends, Expands Forbearance/Foreclosure Relief Programs
The Biden Administration today announced a coordinated extension and expansion of forbearance and foreclosure relief programs. The programs, set to expire at the end of March, have now been extended through June 30.
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.
People in the News Feb 17 2021
Cherry Creek Mortgage, Denver, named Katy Uhl as Chief Human Resources Officer.
MBA Advocacy Update Feb. 16 2021
On Thursday, the House Financial Services Committee passed legislation along party lines that includes key housing provisions of President Biden’s $1.9 trillion American Rescue Plan. On Tuesday, the Federal Housing Finance Agency extended its foreclosure and eviction moratorium for Enterprise-backed, single-family mortgages and REO properties through March 31. FHFA also announced it would extend GSE origination flexibilities through March 31.