The rental market has softened across the country during the pandemic, but especially in college neighborhoods, said Zillow, Seattle.
Category: News and Trends
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Quote
“While there is a constant lookout for evidence that the recovery is losing steam due to the ending of many major stimulus efforts, the underwhelming August housing starts data does not support that case.”
–Mark Vitner, Senior Economist with Wells Fargo Securities, Charlotte, N.C.
Leading During Turbulent Times (MBA LIVE)
Risk managers face many challenges during this turbulent time, but the mortgage industry has largely been successful in weathering this pandemic, panelists said Wednesday at the MBA Live Risk Management, QA and Fraud Prevention Forum.
GSEs: Recession-Era QC Has Lenders Well-Prepared for Current Crisis (MBA LIVE)
Speaking virtually at the Mortgage Bankers Association’s Risk Management, Quality Assurance and Fraud Prevention Forum, GSE analysts said despite challenges resulting from increased volumes, economic instability and a sharp spike in unemployment–as well an abrupt shift to remote working–lenders have shown adaptability and a commitment to loan quality.
RIHA Study: COVID-19’s Impact on Jobs, Ability to Make Housing, Student Debt Payments
During the first three months of the COVID-19 pandemic, nearly 11 million households fell behind on their rent or mortgage payments and 30 million individuals missed at least one student loan payment, according to new research released today by the Mortgage Bankers Association’s Research Institute for Housing America.
Mark Dangelo: Beyond Digital Transformation Part 2—Challenges of Digital Iterations
While advice and directions concentrate on the “next normal” inflicted by Covid-19, the underlying challenges facing financial services and banking organizations have been building long before its arrival. If banking and mortgage leadership are to adjust to an altered consumer and investment future, they must quickly determine how to build core competencies with digital leveraging—or risk becoming a statistic.
Scott Roller: MISMO RON Certification: What You Need to Know
Cute and customized face masks are wildly popular these days, launching a whole new industry. Closer to home, in our industry, popularity of vendors providing for Remote Online Notarization is surging. Thanks to the pandemic, RON vendors were rather unmasked, going from gaining marginal traction to epic growth – overnight. MISMO is leading the way, with a sharp machete clearing the path through the state level regulatory and compliance jungle.
Beth Johnson: Unlocking the Numbers—Leveraging Granular Financial Detail in Business Strategy
In this industry, as part of the lender due diligence process, the financials and credit history of every mortgage banking customer are combed over and scrutinized. Mortgage banks search for any and every detail to properly assess the probability of loan repayment. However, when it comes to their own financials, not all lenders give as much consideration to the details as others.
Leading During Turbulent Times (MBA LIVE)
Risk managers face many challenges during this turbulent time, but the mortgage industry has largely been successful in weathering this pandemic, panelists said Wednesday at the MBA Live Risk Management, QA and Fraud Prevention Forum.