CSBS License Renewal Period Underway; Deadline Dec. 31

The Conference of State Bank Supervisors announced the start of the license renewal period for individuals and businesses that provide mortgage, money transmission, debt collection and consumer financial services to consumers. These individuals and businesses are required to maintain and renew licensure through the Nationwide Multistate Licensing System.

MBA Chart of the Week: CPI Inflation–Shelter Costs

Housing affordability challenges–for both buying and renting–continue to be a topic of discussion. According to the Bureau of Labor Statistics, shelter costs continue to outpace the price growth of overall goods and services, as measured by the Consumer Price Index.

The Week Ahead

A busy month continues for the Mortgage Bankers Association, with several reports coming in the next two weeks.

Luxury Housing Market Stabilizes in 3Q After Weak First Half

Redfin, Seattle, said average sale prices for luxury homes nationwide rose by 0.3 percent year over year to $1.6 million in the third quarter, marking the first time luxury prices did not drop after three straight quarters of declines.

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.

Commercial Servicing Software Must be Flexible

Commercial servicing software needs to be flexible and scalable. It must accommodate a variety of loan products; include commercial-specific reporting, payment and escrow administration functionality; and provide support for asset managers.