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
Builder Confidence Dips from Record Highs, But Stays Strong
Builder confidence in the market for newly built single-family home fell for the first time in three months in December, but remained strongly optimistic, the National Association of Home Builders reported yesterday.
People in the News Dec. 17, 2020
Promontory MortgagePath LLC, Danbury, Conn., hired Elisha Werner as chief compliance officer for mortgage operations. She will lead compliance efforts for the company’s residential mortgage operations and oversee the regulatory and compliance implementation process including contributing to and testing the company’s compliance controls and digital mortgage origination technology.
MBA Mortgage Action Alliance Reaches 70,000-Member Milestone
The Mortgage Bankers Association announced its grassroots advocacy arm, the Mortgage Action Alliance, reached a record-setting milestone of more than 70,000 active members nationwide.
Genworth: Largest First-Time Homebuyer Purchase Market in 20 Years
Historically low interest rates, change in home preferences, flexible work schedules and increased housing affordability triggered substantial rebound in first-time homebuyer market in the third quarter, said Genworth Mortgage Insurance, Richmond, Va.
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.
Dealmaker: KeyBank Real Estate Capital Secures $82M for Healthcare, Multifamily
KeyBank Real Estate Capital, Cleveland, secured $81.6 million in financing for healthcare and apartment assets in New York and Arizona.
MBA Mortgage Action Alliance Reaches 70,000-Member Milestone
The Mortgage Bankers Association announced its grassroots advocacy arm, the Mortgage Action Alliance, reached a record-setting milestone of more than 70,000 active members nationwide.
Single-Family Rental Market Stabilizes
CoreLogic, Irvine, Calif., said single-family rent growth increased in October, outpacing their previous-year growth rate for the first time since the pandemic started.
MBA, Trade Groups Urge Treasury to Promote ‘Critical Reforms’ of GSEs
More than 12 years after the federal government placed Fannie Mae and Freddie Mac under conservatorship—and seemingly no closer to moving them out of conservatorship—the Mortgage Bankers Association and several industry trade groups urged the Treasury Department to promote “critical reforms” of the GSEs and bolster their safety and soundness.