December is always a busy month, and this is especially true for mortgage lenders this year. With 2021 rapidly approaching, the deadline to implement the redesigned URLA and updated automated underwriting system (AUS) datasets will be here before we know it.
Category: News and Trends
MBA Premier Member Profile: LBA Ware
Founded in 2008, LBA Ware™, Macon, Ga., is the leading provider of automated incentive compensation management and business intelligence software for mortgage lenders. Our suite of solutions helps mortgage lenders reach new heights with software that integrates data, incentivizes performance and inspires results.
CRE Fundamentals Struggle to Find Secure Footing
Challenging times for CRE fundamentals are likely to extend into 2021, but there is light at the end of the tunnel, said Wells Fargo Securities, Charlotte, N.C.
Dealmaker: Graham Street Realty Acquires Colorado Industrial Property for $16M
Graham Street Realty, San Francisco, acquired industrial property Commerce Square near Denver for $16 million.
FHFA Holds GSE Affordable Housing Goals Steady
The Federal Housing Finance Agency yesterday announced its 2021 affordable housing goals for Fannie Mae and Freddie Mac will remain the same as they were in 2020. It also seeks input about future housing goals rulemaking.
3Q Home Flipping Drops but Profits Reach Record High
ATTOM Data Solutions, Irvine, Calif., said home flipping fell in the third quarter from both the second quarter and a year ago, but profits—and profit margins—jumped to record highs.
With Record-Low Rates, All Signs Move Forward in MBA Weekly Survey
Interest rates fell again last week, and homebuyers took advantage across the board, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending December 11.
Fed Stays the Course: Monetary Policy ‘Quite Supportive for Housing, Mortgage Markets’
With the economy still suffering and a sharp uptick in coronavirus cases nationwide, the Federal Open Market Committee was widely expected to hold the line during its two-day policy meeting that ended yesterday. And it did.
FHA Technology Initiatives Begin Bearing Fruit
A partnership between the HUD’ Office of the Chief Information Officer and HUD’s Federal Housing Commissioner, FHA Catalyst is a secure, flexible, cloud-based platform that provides a modern, automated system for lenders, servicers and other FHA program participants.
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“Monetary policy has been quite supportive for housing and mortgage markets. Low rates have stimulated an epic refinance wave, and have also increased affordability for many potential homebuyers. The Fed today has provided additional assurance that supportive policies will remain in place, and there is hope that an additional fiscal stimulus package will soon be passed to support households and businesses currently in distress.”
–MBA Chief Economist Mike Fratantoni.