HUD announced a nationwide bus tour focused on removing barriers to affordable housing stock. The Driving Affordable Housing Across America tour kicked off in Louisville, Kentucky on Wednesday, January 29 and will make stops in various local communities for events and discussions focused on the need for increased affordable housing.
Category: News and Trends
People in the News
DIMONT, Dallas, promoted Laura MacIntyre to CEO, responsible for the company’s strategic initiatives, business development and client relations and ensure alignment of the organization to grow its new business segments.
4th Quarter GDP Up 2.1%
Real gross domestic product increased at an annual rate of 2.1 percent in the fourth quarter, unchanged from the third quarter, according to the first (advance) estimate released yesterday by the Bureau of Economic Analysis.
Amid Rapid Change, MISMO Adapts
With mortgage technology changing in the blink of an eye, MISMO, the Mortgage Industry Standards Maintenance Organization, is changing as well.
Fed Holds Line on Benchmark Rates
The Federal Open Market Committee, anticipating no dramatic changes to the U.S. economy in the near future, concluded its two-day policy meeting yesterday with no action on key interest rates.
Patrick McClain: Hard and Soft Savings–How Technology Can Positively Impact Bottom Line
Technology is no longer an option; it is an integral element. Inefficient, outdated, manual processes can be risky and ultimately end up costing the lender. To combat these challenges, today’s lenders must stay abreast of cutting-edge technology. Implementing such technology, lenders can exponentially increase their bottom line as well as bring unexpected savings and benefits.
(Sponsored Content) Don’t Overlook This Surprising CRE Capital Source
In a fast-changing business environment, lenders don’t always act as expected, so it’s necessary to have a longer list of capital provider choices on-hand.
Mortgage Applications Strong in MBA Weekly Survey
Mortgage application activity continued its strong early 2020 pace, buoyed by the lowest interest rates in more than three years, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending January 24.
Fitch: RMBS Servicers See Opportunity in 2020 Amidst ‘Clear Challenges’
Change is coming for U.S residential mortgage-backed securities servicers in 2020 and beyond, said Fitch Ratings, New York, with perhaps the most notable one being how they are preparing for the end of LIBOR.
Fed Holds Line on Benchmark Rates
The Federal Open Market Committee, anticipating no dramatic changes to the U.S. economy in the near future, concluded its two-day policy meeting yesterday with no action on key interest rates.