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.
Category: News and Trends
Fannie Mae: Explore How the Industry is Going Digital with eMortgages (July 24, 2020)
eMortgages have grown significantly – and in light of recent events, demand is higher than ever. Henry Cason, SVP and Head of Digital Products at Fannie Mae, shares how the industry is embracing digital mortgage solutions. Read our attached blog post for more information.
People in the News July 24, 2020
LRES Corp., Orange, Calif., named Tina Suihkonen as Senior Director of Commercial Services. She will lead LRES’ commercial default services division and provide nationwide commercial trustee and foreclosure services.
Keeping Current With Midland Loan Services’ Tim Steward
MBA NewsLink interviewed Timothy E. Steward, Senior Vice President and co-head of Midland Loan Services, a PNC Real Estate business. Steward leads a team of more than 500 professionals responsible for delivering loan servicing, asset management and technology services to the commercial real estate finance industry.
Maurice Jourdain-Earl of ComplianceTech on CARES Act Relief and Racial Disparities in Mortgage Forbearance
MBA NewsLink talked with Maurice Jourdain-Earl, Managing Director of ComplianceTech, McLean, Va., a provider of software and services to enable fair and responsible lending compliance. He is a noted speaker and writer on HMDA and fair lending practices and has appeared frequently at MBA events and sits on MBA’s member-led Diversity & Inclusion Advisory Committee.
Black Knight: Mortgage Delinquencies Improve for the First Time Since January; Serious Delinquencies Surge to 9-Year High
Black Knight, Jacksonville, Fla., said after rising from 3.2% in January to 7.8% in May, the national delinquency rate improved for the first time in five months, falling to 7.6% in June as the overall number of past-due mortgages declined by 98,000.
RE/MAX: June Home Sales Amid Strong Home Buyer Demand
Despite record low inventories, RE/MAX, Denver said June home sales posted a solid 37 percent gain as more states loosened stay-at-home mandates stemming from the coronavirus pandemic.
Second-Quarter Home Seller Profits Rise to 36%
ATTOM Data Solutions, Irvine, Calif., said its second-quarter 2020 U.S. Home Sales Report showed home sellers nationwide realized a gain of $75,971 on the typical sale, up from the $66,500 in the first quarter and from $65,250 a year ago.
June Existing Home Sales Jump Record 20.7%
Existing home sales rebounded at a record pace in June, the National Association of Realtors reported yesterday, showing strong signs of a market turnaround after three straight months of sales declines caused by the coronavirus pandemic.
Dealmaker: Electra Capital, Avid Realty Partners Acquire Texas Multifamily Property
Avid Realty Partners, New York, and Electra Capital, West Palm Beach, Fla., formed a joint venture and acquired The Pines at Woodcreek Apartments, a 2015-built property totaling 330 units near Houston.