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.
Category: News and Trends
Home Shoppers Moving Toward Buying Sight-Unseen, Selling Virtually
Home buyers and sellers are growing more comfortable making the purchase or sale of their biggest financial asset entirely online, reported Zillow, Seattle.
Keeping Current: Q&A 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 solutions to the commercial real estate finance industry.
Industry Briefs July 22, 2020
Quicken Loans, Detroit, along with Amrock, its electronic closing provider, completed a Remote Online Notarization mortgage closing North Carolina, reportedly the first in the state.
Dealmaker: Largo Group Secures $107M
The Largo Group of Cos., Getzville, N.Y. secured $107.3 million for retail, mixed-use and hotel properties in eight states and in Canada.
MBA: Mortgage Applications Up 3rd Straight Week
Mortgage applications rose for the third consecutive week as interest rates hovered at record levels, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending July 17.
Fannie Mae: Explore How the Industry is Going Digital with eMortgages
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.
Share of Mortgage Loans in Forbearance Falls for Fifth Straight Week
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans in forbearance decreased by 38 basis points to 7.80% of mortgage servicers’ portfolio volume as of July 12, from 8.18% the prior week. MBA estimates 3.9 million homeowners are in forbearance plans.
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.