2020 fostered a new type of innovation for lenders to digitize their loan origination processes or improve workflow management and break down the barriers of the status quo. Sophisticated data management, now more than ever, is a non-negotiable means to maintain an edge over competitors.
Category: News and Trends
Ginnie Mae Issues 1st MBS backed by Digital Pools
Ginnie Mae reached a milestone in its Digital Collateral Program this month with issuance of the first mortgage-backed security backed by Digital Pools, consisting entirely and exclusively of eNotes.
Mortgage Applications Down Again in MBA Weekly Survey
Mortgage applications fell for the second straight week as the 30-year fixed rate crept up, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending January 22.
HUD Announces New Leadership Appointees
Ahead of Thursday’s confirmation hearing for Rep. Marcia Fudge, D-Ohio, as HUD Secretary, HUD yesterday announced a slew of leadership appointments aimed at solidifying the Biden Administration’s footprint on the department.
Consumer Confidence Up, But COVID Fears Linger
The Conference Board, New York, said its Consumer Confidence Index improved moderately in January, the first gain in four months.
Home Prices Jump on Robust Demand; Housing Gains at 15-Year High
Home prices are rising at rates not seen in years, with four reports—from Standard & Poor’s, Zillow, the Federal Housing Finance Agency and First American Financial Corp.—confirming no apparent letup.
Dealmaker: Cushman & Wakefield Arranges $360M Refinancing for 100 Park Avenue
Cushman & Wakefield, Chicago, arranged $360 million to refinance 100 Park Avenue, a 36-story office property in Midtown Manhattan.
Stacey Berger of Midland Loan Services on Servicing Technology
MBA NewsLink recently interviewed Stacey M. Berger, Executive Vice President of Midland Loan Services, Overland Park, Kan.
Freddie Mac Projects Multifamily Origination Rebound Boosted by Smaller Markets
Freddie Mac, McLean, Va., projects overall multifamily origination volume will rebound, growing to $340 billion by year-end as the economy is boosted by another federal stimulus package.
People in the News Jan. 27, 2021
Greystone, New York, hired Pranika Uppal Sinha as its Diversity, Equity and Inclusion Managing Director.