The digital mortgage revolution doesn’t take sides, but that doesn’t mean there won’t be casualties. The march toward efficient loan transactions will permanently redefine the roles of the mortgage lender and loan officer, radically transforming the entire production line of mortgage origination.
Category: News and Trends
MBA Chart of the Week: Loans in Forbearance as Share of Servicing Portfolio Volume
This week’s chart shows the course of the share of loans in forbearance by investor type over the past three months – from the earliest stages of the COVID-19 pandemic to the most recent reporting.
MBA Data Systems Updates to Take Place June 25-29
Beginning Thursday, June 25, the Mortgage Bankers Association will begin replacing its Association Management System, which will result in some disruptions for MBA members.
Lori Brewer: The Road to Recovery Will be Paved with Data
In a time when everything spells uncertainty, data gives lenders something to hold on to — and a path forward. What performance metrics are most critical for lenders to keep an eye on right now to help their businesses survive the recession and what’s likely to be a protracted recovery?
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“There’s still a ways to go before the housing market has recouped the lost activity of the past few months during the shutdowns.”
–Redfin lead economist Taylor Marr.
Redfin: Housing Market Shows Signs of Rebounding from Coronavirus Shutdowns
Redfin, Seattle, said the housing market showed some early signs of recovery in May as inventory of homes for sale and contracts to buy homes both increased dramatically from April levels.
ARMCO: Year over Year Trends Show ‘Marked Improvement’ in Critical Defect Rates
ACES Risk Management, Denver, released its quarterly ARMCO Mortgage QC Trends Report, showing critical defect rates improved from the fourth quarter to the first and in 2019 overall.
STRATMOR: How Pandemic Reinforced ‘Three Immutable Laws’ of Economics
STRATMOR Group, Greenwood Village, Colo., said while the longer-term impact of the pandemic remains to be seen, the mortgage market has settled down, with most industry players appearing to have weathered the storm.
Ellie Mae: Refi Market Steady as Interest Rates Continue to Drop
Interest rates hit record lows last week—but they were already low in May, said Ellie Mae, Pleasanton, Calif., resulting in steady refinancing volume.
CBRE Forecasts Hotel Demand Recovery by Late 2022
After suffering the greatest performance declines in U.S. history, the nation’s hotels will likely benefit from a relatively rapid economic turnaround in 2021 and 2022, said CBRE Hotels, Atlanta.