Category: News and Trends

Quote

“The share of loans in forbearance has dropped to its lowest level in five months, driven by a consistent decline in the GSE share in forbearance. However, not only the did the share of Ginnie Mae loans in forbearance increase, new requests for forbearance for these loans have increased for two consecutive weeks. While housing market data continue to show a quite strong recovery, the job market recovery appears to have slowed, and we are seeing the impact of this slowdown on FHA and VA borrowers in the Ginnie Mae portfolio.”
–MBA Chief Economist Mike Fratantoni.

| By MBA NewsLink Staff

MBA Advocacy Update Sept. 22, 2020

MBA and several trade organizations sent a letter to Congress asking them to consider a longer-term solution to the National Flood Insurance Program, which is set to expire at the end of the month. Also last week, the Supreme Court set oral arguments for December 9 in Collins v. Mnuchin, the case that will determine the constitutionality of the FHFA’s independent director structure.

| By MBA NewsLink Staff

MBA Chart of the Week: Retail E-Commerce/Retail Sales

Even before the onset of the pandemic, retail properties were under the microscope. Practitioners spoke about the United States being “over-retailed” compared to other countries, about a shift to experiential retail with a focus on services rather than goods, and about how the rise in e-commerce is a challenge to bricks-and-mortar.

| By MBA NewsLink Staff

Mark Dangelo: Beyond Digital Transformation Part 2—Challenges of Digital Iterations

While advice and directions concentrate on the “next normal” inflicted by Covid-19, the underlying challenges facing financial services and banking organizations have been building long before its arrival. If banking and mortgage leadership are to adjust to an altered consumer and investment future, they must quickly determine how to build core competencies with digital leveraging—or risk becoming a statistic.

| By MBA NewsLink Staff

RIHA Study: COVID-19’s Impact on Jobs, Ability to Make Housing, Student Debt Payments

During the first three months of the COVID-19 pandemic, nearly 11 million households fell behind on their rent or mortgage payments and 30 million individuals missed at least one student loan payment, according to new research released today by the Mortgage Bankers Association’s Research Institute for Housing America.

| By MBA NewsLink Staff

Scott Roller: MISMO RON Certification: What You Need to Know

Cute and customized face masks are wildly popular these days, launching a whole new industry. Closer to home, in our industry, popularity of vendors providing for Remote Online Notarization is surging. Thanks to the pandemic, RON vendors were rather unmasked, going from gaining marginal traction to epic growth – overnight. MISMO is leading the way, with a sharp machete clearing the path through the state level regulatory and compliance jungle.

| By MBA NewsLink Staff

MBA Chart of the Week: Retail E-Commerce/Retail Sales

Even before the onset of the pandemic, retail properties were under the microscope. Practitioners spoke about the United States being “over-retailed” compared to other countries, about a shift to experiential retail with a focus on services rather than goods, and about how the rise in e-commerce is a challenge to bricks-and-mortar.

| By Jamie Woodwell

Monday Report: Red-Hot Housing Markets and a Time-Capsule Survey

This morning’s Monday Report features stories that confirm the housing markets remain hot, regardless of location or political preference; what that might mean for down payments; and a housing survey that, thanks to the coronavirus pandemic, was obsolete the moment it was released.

| By Mike Sorohan