American workers filed 1.5 million new applications for jobless benefits last weeks, the Labor Department reported Friday—the third consecutive week at that level, but still at historically high levels in the wake of the coronavirus pandemic.
Category: News and Trends
Keith Soura of Blend on the Future of APIs and MISMO
Keith Soura is a Platform Engineer with Blend, San Francisco, responsible for development of Blend’s core platforms, including APIs and event-driven architecture that power customer and partner integrations.
MBA Advocacy Update
Last week, the Consumer Financial Protection Bureau released two Notices of Proposed Rulemaking revising Regulation Z’s QM provisions in response to the scheduled expiration of the GSE Patch on January 10, 2021. The CFPB also issued an Interim Final Rule that will facilitate servicers’ ability to offer streamlined deferral options to borrowers as they exit COVID-19-related forbearance.
21 Years to Save for a Down Payment, Survey Finds
U.S. Mortgage Insurers, an association representing private mortgage insurance companies, said its annual state-by-state report on low down payment mortgage lending found saving for a 20 percent down payment could take potential homebuyers 21 years — three times the length of time it could take to save a 5 percent down payment.
Arend de Jong: Got RODA? Turn Your Customers into an Income-Generating Asset
For years, you took great care to build your list. Clients, and also prospects that didn’t quite become clients yet, but whom you fully intend to make into a client one day. You actually spent quite a bit of money getting the list together. To keep your prized possession whole, you spend quite a bit of time maintaining it. But… have you cracked the code on how to make this pay off for you? Sure: you love returning clients, but are you capitalizing on your list structurally?
MBA Recognizes Premier, Select Members
MBA is proud to recognize its Premier and Select Associate Members and to thank them for their continued support of MBA and the real estate finance industry.
COMBOG Nominating Committee Seeks Board Member Recommendations by July 17
The Mortgage Bankers Association’s Commercial Real Estate/Multifamily Finance Board of Governors (COMBOG) nominating committee is soliciting MBA members’ recommendations for individuals to serve on the Board beginning in October.
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“It is my pleasure to welcome Matt to MBA’s leadership ladder. His energy, leadership and practical business experience will be crucial as the residential and commercial/multifamily real estate finance businesses evolve, especially in the aftermath of the coronavirus pandemic.”
–MBA 2020 Chairman Brian Stoffers, CMB.
MBA Nominates Matt Rocco of Grandbridge Real Estate Capital to be 2021 MBA Vice Chairman
The Mortgage Bankers Association nominated Matthew G. Rocco Sr., Chairman of the Board and CEO of Grandbridge Real Estate Capital, Charlotte, N.C., to serve as MBA Vice Chairman for the 2021 membership year. He is expected to be installed at the association’s 107th Annual Convention this October.
MBA Transitions All Fall Conferences Online
The Mortgage Bankers Association announced June 24 that all of its fall conferences—including the MBA Annual Convention & Expo—will take place online out of an abundance of caution stemming from the coronavirus pandemic.