On Tuesday, the Federal Housing Finance Agency announced steps to limit the impact on both lenders and consumers of its newly issued 50-basis-point GSE Adverse Market Refinance Fee. Following two weeks of sustained MBA-led advocacy with its coalition partners, FHFA delayed the implementation date of the fee from September 1 to December 1.
Category: News and Trends
MBA Chart of the Week: Home Sales and Purchase Applications
As the U.S. economy works its way through the current pandemic and recession, housing has been a clear bright spot in an otherwise dire time. This week’s chart highlights the “V” shaped recovery exhibited by various measures of housing health.
People in the News Sept. 1, 2020
Promontory MortgagePath LLC, Danbury, Conn., named Scott Turnquest as Chief Technology Officer and Jordan Higgins and Kim Joyce as Regional Vice Presidents.
Sponsored Content from Pavaso: Data Privacy and Working with eClosing Service Providers
Overlooking this factor when choosing an eClosing technology service provider could cost you.
A Conversation with Scott Gesell, CEO of Gateway First Bank
Scott Gesell was recently appointed as CEO of Gateway First Bank, Tulsa, Okla. He has been an integral part of Gateway First Bank’s leadership since 2013. During his time at Gateway, he played a leading role in the merger of a 100-year-old community bank with a 20-year-old mortgage company to become Gateway First Bank.
Housing Report Roundup: More San Francisco Home Sellers Dropping Their Prices—And They’re Heading for Sacramento
The ground is shifting in California—and it’s not the San Andreas Fault.
Data Centers Bright Spot in Pandemic Economy
Where some see challenges, others see opportunity—and business data centers proved resilient in the first half of 2020 as many businesses implemented hybrid IT infrastructure to improve their remote work capabilities and streaming content providers saw increased viewership due to the COVID-19 pandemic, said CBRE, Los Angeles.
MBA Chart of the Week: Home Sales and Purchase Applications
As the U.S. economy works its way through the current pandemic and recession, housing has been a clear bright spot in an otherwise dire time. This week’s chart highlights the “V” shaped recovery exhibited by various measures of housing health.
The Week Ahead
Good morning and happy Monday! Tomorrow begins September, when we can look forward to football (maybe), pumpkin spice commercials (definitely) and the “traditional” start of the final stretch of the election cycle.
MBA Education Path to Diversity Scholar Profile: Saket Nigam
(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.)