“Increased loan volume continues to deliver big paydays for loan originators as well as for loan processors, many of whom earn per-loan unit bonuses. The refi boom won’t continue indefinitely, though, and we’re already seeing some softening in refi volume even as consumer appetite for purchase loans sharpened in Q3.”
–Lori Brewer, Founder & CEO of LBA Ware, Macon, Ga.
Five federal agencies on Thursday issued a proposed regulation that would codify a 2018 guidance clarifying that supervisory guidance does not have “force and effect of law.”
The past 20 years in the mortgage industry have been full of change, innovation and most importantly, lessons to be learned. Even in just the past few months, mortgage lenders have had to completely transform their business processes in the wake of the COVID-19 crisis. As the industry continues to prepare for what’s next, it’s important to take a look back at how far the industry has actually come.
Paul Anselmo is CEO and founder of Evolve Mortgage Services and SigniaDocuments Inc, a provider of outsourced mortgage platforms. He has more than 30 years of experience in the banking and mortgage industries.
The Mortgage Bankers Association has issued a Call for Speakers for two important upcoming MBA conferences: the MBA Independent Mortgage Bankers Conference 2021 (January) and the MBA Servicing Solutions Conference & Expo (February). Deadline for speaker submissions is Monday, Nov. 2.
In early October I surveyed 33 senior executives from 33 separate mortgage companies about a wide array of issues and topics both germane and important to the mortgage banking industry. It was the 24th time such a survey was conducted by me since 2008.
JLL Capital Markets, Chicago, closed $650 million for sale and $390 million financing of the Transamerica Pyramid Center Complex in San Francisco.
What goes down must come up: after the coronavirus resulted in a staggering record drop in the second quarter, the U.S. economy bounced back somewhat in the third quarter, according to the first (advance) estimate of gross domestic product.
Initial claims for unemployment insurance fell to their lowest level since March, the Labor Department reported yesterday, but remain elevated from pre-pandemic levels.
After four straight months of contract activity growth, pending home sales declined by 2.2% in September, the National Association of Realtors reported yesterday.
