Fannie Mae, Washington, D.C., said mortgage lenders’ profit margin outlook for the next three months reached a new survey high based on data collected last month.
Category: News and Trends
People in the News
Sagent Lending Technologies, King of Prussia, Pa., appointed Dan Sogorka CEO and president, replacing Bret Leech who will become executive chairman and board member.
MBA Chart of the Week: Refinance Index and 30-Year Fixed Mortgage Rate
Treasury rates and mortgage rates have fallen to historic lows, driven down by the market turmoil and volatility caused by the uncertainty around the spread of the coronavirus.
The Week Ahead
Welcome to our new dystopian reality: life as we know it has been suspended indefinitely.
Todd Sheinin: For Loan Officers, Integrating Right Technology Key to Borrower Experience
Today’s loan officers and branch managers face many challenges–from cumbersome, time-consuming processes to difficulties connecting with borrowers, and lenders have made significant investments in technology to help. However, many are learning that a siloed technology approach or implementation of the wrong technology can cause more headaches than it solves.
MBA Coronavirus Resource Center Update: CSBS Repository; MBA Member Letter
In a Mar. 13 Member Letter, MBA President and CEO Robert Broeksmit, CMB, detailed MBA’s efforts with various federal regulatory agencies, including HUD and Ginnie Mae, as well as the Federal Housing Finance Agency, Fannie Mae and Freddie Mac, to streamline policies and procedures that will allow lenders to assist borrowers throughout the coronavirus pandemic.
How the Mortgage Market Has Changed Since Great Recession
A report from Clever Real Estate said in the years since the Great Recession, the mortgage market—currently exploding in refinances—remains a “mixed bag.”
MBA Coronavirus Resource Center Update
The MBA Coronavirus Resource Center includes information from health/disease control agencies, recommended business continuity plans, relevant information from financial regulatory agencies, as well as guidance on how companies should communicate with employees, their customers and the public.
ARMCO: Critical Defect Rate Drops 9%
ACES Risk Management, Denver, said the overall critical defect rate reached 1.56% in the third quarter, to the lowest defect rate since 2016.
Home Buyers Have More Purchasing Power, But Face Inventory, Coronavirus Headwinds
A dramatic drop in mortgage interest rates, driven by coronavirus fears, has given homebuyers a big boost in purchasing power in recent weeks, according to an analysis from Redfin, Seattle.