Last October, the Trump Administration nominated FHA Commissioner Brian Montgomery to serve as HUD Deputy Secretary. Despite a favorable vote by the Senate Banking Committee and strong support from trade groups such as the Mortgage Bankers Association, a Senate confirmation vote has yet to take place.
Category: News and Trends
Mark P. Dangelo: The Challenges of Reskilling—Part 3
While reskilling initiatives lack the sensationalism of postulating alien radio waves, the innovation predicament caused by continuous innovation cannot be “waved away” by slogans, academics or politicians. Reskilling workforces is likely the largest challenge of the decade facing every banking leader.
Tony Taveekanjana: 2020–The Year of the Millennial Homebuyer
Of all generations, millennials represent the single largest buying pool. Yet, across the industry there is a common belief that millennials aren’t interested in buying homes right now. Most lenders attribute this to affordability, high student debt, the appeal of metropolitan life and less loan availability.
Industry Briefs
Snapdocs Inc., San Francisco, announced an integration that makes its digital closing platform available through the Ellie Mae Digital Lending Platform.
People in the News
Planet Home Lending LLC, Meriden, Conn., hired Jim Bopp as vice president of national renovation lending. He will manage Planet’s retail and correspondent renovation loan programs, including FHA 203(k), VA Alterations and conventional loan offerings.
Susan Graham: Reduce Origination Expenses by Using Loan Origination Software to Maximize Efficiencies
When loan origination volumes begin to drop, lenders must find ways to be more efficient to maintain profitability. Even with the growth of the past decade and the advances in technology tools, origination costs continue to rise, cutting into lenders’ bottom line.
Ellie Mae: Millennial Refinance Activity on the Rise as Interest Rates Drop
Ellie Mae, Pleasanton, Calif., said plunging interest rates sparked a jump in refinances among Millennial homeowners.
2019 Home-Flipping Reaches 8-Year High; Returns at 8-Year Low
ATTOM Data Solutions, Irvine, Calif., released its year-end 2019 U.S. Home Flipping Report, which showed 245,864 single family homes and condos in the United States flipped in 2019, up 2 percent from 2018 to the highest point since 2006.
Tony Taveekanjana: 2020–The Year of the Millennial Homebuyer
Of all generations, millennials represent the single largest buying pool. Yet, across the industry there is a common belief that millennials aren’t interested in buying homes right now. Most lenders attribute this to affordability, high student debt, the appeal of metropolitan life and less loan availability.
Industry Briefs
Snapdocs Inc., San Francisco, announced an integration that makes its digital closing platform available through the Ellie Mae Digital Lending Platform.