Leadership during times of economic opaqueness, scary events and political drama can lack efficacy. What worked in the past is a poor roadmap into the future–whack-a-mole urgency will widen the gaps between enterprises. Innovation and automation may be the only certainties over the next 18 months.
Category: News and Trends
2019 MBA Annual Convention Survey Scorecard
The following report was prepared from the 28 face-to-face surveys I conducted with senior mortgage executives from 28 different firms in Austin, Texas at the MBA Annual Convention held 27-30 October. They are designed to capture the thinking, attitudes and expectations of an industry through one-on-one interviews with execs from, in this instance, 28 different mortgage firms. My goal is to create a microcosm of the industry using the MBA’s membership as the universe.
Increase in Foreclosure Activity Ahead of MBA Delinquency Survey
Ahead of today’s release of the Mortgage Bankers Association’s quarterly National Delinquency Survey, ATTOM Data Solutions, Irvine, Calif., reported 55,197 U.S. properties with foreclosure filings in October, up 13 percent from September but down 17 percent from a year ago.
Home Appraisal Perceptions Hold Steady; Bidding Wars at 10-Year Low
Quicken Loans, Detroit, said home value perceptions held stead in October, with owner expectations just a half-percent higher than appraisals.
People in the News
LoanLogics, Trevose, Pa., announced Brenda Clem, CMB, joined the company as chief product strategist, responsible for developing and implementing strategic plans for all LoanLogics products and maintaining strong relationships within the mortgage industry.
MBA Weekly Applications Rise in MBA Weekly Survey
Mortgage applications increased by nearly 10 percent from one week earlier, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending November 8.
Housing and the Holidays
Leadership during times of economic opaqueness, scary events and political drama can lack efficacy. What worked in the past is a poor roadmap into the future–whack-a-mole urgency will widen the gaps between enterprises. Innovation and automation may be the only certainties over the next 18 months.
MBA Letter Supports Self-Employed Mortgage Access Legislation
Ahead of an anticipated vote this week in the House Financial Services Committee, the Mortgage Bankers Association yesterday sent a letter of support for legislation that would help ensure fair access to mortgage credit for households with “non-traditional” forms of income.
CoreLogic: Lowest August Delinquency Rates in 20 Years
CoreLogic, Irvine, Calif., said just 3.7% of mortgages were in some stage of delinquency in August, down by 0.2 percent from a year ago to its lowest rate since 1999.
October MBA Mortgage Credit Availability Index Up 1%
Mortgage credit availability increased in October, the Mortgage Bankers Association reported this morning.