Category: News and Trends

Quote

“The share of loans in forbearance declined by a smaller amount than in previous weeks, as the pace of borrowers exiting forbearance slowed. Although the GSE portfolio of loans in forbearance should continue to improve, Ginnie Mae’s portfolio saw an uptick of both loans in forbearance and borrowers requesting forbearance. The high level of unemployment claims in recent weeks may be playing a role, as weakness would likely impact Ginnie Mae’s portfolio first.”
–MBA Chief Economist Mike Fratantoni.

| By MBA NewsLink Staff

MISMO Releases Proposed Commercial Appraisal Data Standards

MISMO®, the mortgage industry standards organization, released new proposed data standards for commercial property appraisals. The new dataset will facilitate efficient exchange of appraisal information across the commercial real estate finance industry.

| By MBA NewsLink Staff

MBA Chart of the Week: Ratio of Unemployed Workers Per Job Opening

This week’s MBA Chart of the Week uses data from the U.S. Bureau of Labor Statistics to look at the ratio of the number of unemployed workers to job openings to highlight how the current recession is different than the recession in 2007-2009.

| By MBA NewsLink Staff

Chris Lewis: 3 Steps You Should Take Now to Get Ready for RON

Many of the industry’s efficiency experts have long argued that a digital mortgage can save all parties time and money. In the past, however, there were too many downstream issues that blocked the process from full-scale adoption. But with shelter in place, safer at home and social distancing all coming into play, the pandemic has led to a renewed push to get a completely digital mortgage as the new way to close all your loans.

| By MBA NewsLink Staff

MBA Education Path to Diversity Scholar Profile: Gabrielle Beck

(One of a continuing series of profiles of participants in the MBA Education Path to Diversity (P2D) Scholarship Program, which enables employees from diverse backgrounds to advance their professional growth and career development.)

| By MBA NewsLink Staff

MBA Advocacy Update

As Congress returned to begin working on the preliminary contours of another COVID-19 relief and response package, the Federal Housing Finance Agency proposed its 2021 housing goals for Fannie Mae and Freddie Mac, specifying both the single-family and multifamily mortgage purchase benchmarks for low-income borrowers or borrowers residing in low-income areas.

| By MBA NewsLink Staff

Steven Octaviano: Today’s Innovation Opportunity–And Why Lenders Must Embrace It

The technologies behind these changes have been with us for some time, but it took a crisis of mammoth proportions to accelerate adoption. Yet there are other areas of the mortgage business still sorely in need of innovation. And if lenders hope to remain competitive and thrive when the smoke from the pandemic clears, they need to be embracing these innovations today.

| By MBA NewsLink Staff

MISMO Releases Proposed Commercial Appraisal Data Standards

MISMO®, the mortgage industry standards organization, today released new proposed data standards for commercial property appraisals. The new dataset will facilitate efficient exchange of appraisal information across the commercial real estate finance industry.

| By MBA NewsLink Staff