With election year uncertainty compounded by an already-volatile mortgage market, lenders rely on accurate and reliable data, with access to verified income and employment data serving as one way to help bring greater certainty even amidst these market factors.
Category: News and Trends
LendingTree: 5.6 Million Homes Vacant in Largest U.S. Metro Areas
LendingTree, Charlotte, N.C., reported that 5.6 million housing units are vacant in the largest 50 metro areas in the U.S.–and ranked which ones top that list.
Meet Geno Paluso, Chief Executive Officer at Sagent
MBA NewsLink recently interviewed Geno Paluso, who joined Sagent in February as Chief Executive Officer. Paluso spent 25 years as a Naval Special Warfare (SEAL) Officer, Commandant of Cadets at The Citadel and a Vice President at BAE Systems Inc. before joining the FinTech firm.
Clever Real Estate: Homeowners Spending Significantly on Renovations
Clever Real Estate, St. Louis, recently conducted a survey on home renovation trends, finding 63% of homeowners would prefer to remodel their existing home than move to one that has already been renovated.
MBA Independent Mortgage Bankers Conference, Jan. 27-29 in Austin
MBA’s Independent Mortgage Bankers Conference (IMB25), taking place January 27-29 in Austin, Texas, is the industry event of the year for IMBs, curated by IMBs.
Quote of the Day
In the military, you get asked this question all the time: what’s more important, the people or the mission? And the answer is “Yes.”
–Geno Paluso, CEO of Sagent and retired 25-year Navy SEAL
Lisa Brozenic: An MBA Education Path to Diversity Scholar Profile
One in a continuing series of profiles of participants in the MBA Education Path to Diversity (P2D) Scholarship Program, which enables employees from diverse backgrounds to advance their professional growth and career development.
Dodge Finds a Dip in Commercial Properties Entering Planning Stage
The Dodge Momentum Index–a measure of the value of nonresidential building projects going into planning–decreased 4.2% in September, and commercial properties entering the planning stage contracted 7.8%, according to the Dodge Construction Network, Bedford, Mass.
Quote of the Day
“There are just over 5.6 million vacant housing units across the nation’s 50 largest metropolitan areas.”
–LendingTree Senior Economist Jacob Channel
CFPB Issues Proposed Servicing Rules Aimed at Streamlining Loss Mitigation Process–Asurity’s Diane Jenkins
As most servicers are well aware, the Consumer Financial Protection Bureau recently issued new proposed servicing rules essentially overhauling the existing loss mitigation process.