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.
Category: News and Trends
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.
Quote
“As the industry’s largest trade association, one of the most important services that we provide is the ability to bring our industry together. As our nation continues to experience the impact of COVID-19, MBA has had to evaluate the feasibility of hosting large, in-person events. The health and safety of our members, staff and hotel partners remains our top priority.
–MBA Chief Operating Officer Marcia M. Davies.
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.
Fitch Ratings: CRE Defaults Likely To Rise After Forbearance Periods
Fitch Ratings, New York, said it anticipates commercial real estate loan defaults will rise at the end of forbearance periods.
RE/MAX: Home Sales Fell in May Amid Pandemic
Despite a rosier report this week from HUD and the Census Bureau, which reported a 16.6 percent increase in May new home sales, the overall home market suffered a bit, according to RE/MAX, Denver, which reported “muted” home sales activity in May.
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.
Qualia Survey Reports ‘Positive Outlook’ for Real Estate with Shift Toward Digital
Qualia, San Francisco, said a new survey reports a shift in perception on the permanence of remote work and a nearly 40% surge in remote online notarization usage from April to May.
ATTOM: Home Affordability Increases in 2Q
ATTOM Data Solutions, Irvine, Calif, said its second-quarter U.S. Home Affordability Report showed median home prices of single-family homes and condos became more affordable than historical averages in 49 percent of U.S. counties, up from 31 percent a year ago.
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?