“Booming refinance activity in the first full week of 2021 caused mortgage applications to surge to their highest level since March 2020, despite most mortgage rates in the survey rising last week.”
–Joel Kan, MBA Associate Vice President of Economic and Industry Forecasting.
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance decreased to 5.46% of servicers’ portfolio volume as of Jan. 3 compared to 5.46% the prior week. MBA estimates 2.7 million homeowners are in forbearance plans.
Should the pandemic regulatory attitude be forgot and never brought to mind? Not exactly. However, lenders can adapt the current pandemic regulatory attitude into one that pays equal mind to both the pandemic and the importance of compliance.
MISMO announced its Board of Directors for 2021. MISMO, which is a subsidiary of and managed by the Mortgage Bankers Association, is the mortgage industry’s standards organization working to enable the industry to speak the same language.
The Mortgage Bankers Association is accepting nominations for the MBA NewsLink 2020 Tech All-Star Awards. Nominations will be accepted through Friday, Jan. 29.
When I look back on 2020, I think about what a peculiar year it’s been. And if anything, 2020 has demonstrated lenders have a lot of work to do.
Mortgage credit availability decreased in December, the Mortgage Bankers Association reported this morning.
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance decreased to 5.46% of servicers’ portfolio volume as of Jan. 3 compared to 5.46% the prior week. MBA estimates 2.7 million homeowners are in forbearance plans.
The Mortgage Bankers Association issued the following statement yesterday in response to last week’s violence at the U.S. Capitol:
Blox Ventures LLC, Palo Alto, and joint venture capital partner Angelo Gordon, New York, sold mixed-use complex First Republic Center at 2100 El Camino in Palo Alto, Calif.
