State regulators encourage individuals and businesses that provide mortgage, money transmission, debt collection and consumer financial services to renew their licenses in Nationwide Multistate Licensing System by November 30 to avoid processing delays.
Category: News and Trends
MBA Advocacy Update Nov. 23 2020
On Wednesday, the Federal Housing Finance Agency issued a final rule establishing a revised capital framework for Fannie Mae and Freddie Mac. The final capital framework follows an initial proposal put forth by FHFA in 2018, which was re-proposed in 2020.
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“A marked slowdown in forbearance exits, as well as a slight rise in the share of Ginnie Mae, portfolio and PLS loans in forbearance, led to an overall increase for the first time since early June.”
–MBA Chief Economist Mike Fratantoni.
MBA Chart of the Week: Seriously Delinquent Rate by States for Q3 2020
MBA released its National Delinquency Survey results for the third quarter last week. This week’s chart highlights the seriously delinquent rate – the percentage of loans that are 90 days or more delinquent or in the process of foreclosure – in every state across the country.
Debarchana Roy: Touchless Covid-Tech to Support Customer Well-Being, Customer Engagement
The shift to digital-first technology has accelerated greatly. Once far on the horizon, digital adoption is no longer an option. Lenders must embrace digital solutions and explore augmented technology to meet consumers where they are and on their own time.
Sponsored Content from Nationwide Title Clearing: Making a Sale or Partnering?
Selling and delivering as a business partner in today’s market, with Nationwide Title Clearing VP of Sales & Marketing, Danny Byrnes.
MAA Accepting Nominations for Steering Committee; Deadline Nov. 25
The MBA Mortgage Action Alliance is accepting nominations for three at-large seats on the 2021-2022 MAA Steering Committee in accordance with the MAA bylaws.
MBA State of the Association Dec. 2
The Mortgage Bankers Association’s annual State of the Association takes place Wednesday, Dec. 2 from 3:00-4:00 p.m. ET. Join MBA President and Chief Executive Officer, Robert D. Broeksmit, CMB, as …
David Snitkof: 3 Ways to Use Technology to Reduce Bias in Mortgage Underwriting
Lenders can reduce the impact of human bias on credit decisioning by building standardized, repeatable and observable processes facilitated by machines. While there’s still value in human interactions, machines are better at ensuring fairness and auditability. You can’t see inside a human mortgage underwriter’s brain, but a computer’s memory leaves a clear trail, making bias easier to measure and safeguard against.
Industrial, Apartment Prices Rise as Retail, Office Continue Fall
Price gains in the high-flying apartment and industrial sectors offset declining retail and office property prices in October, reported Real Capital Analytics.