Widespread inventory shortage has piqued the interest of mainstream buyers who are now pursuing auction properties as a means to fulfill their dream of homeownership.
Category: News and Trends
Quote: July 8, 2024
“Inflation data showing more reductions for the next couple of months will be the most important evidence that the Federal Reserve needs to cut rates in September. The current job market data points in that direction once you read below the headline.”
–MBA Chief Economist Mike Fratantoni
MCT Finds 8% Mortgage Lock Volume Decrease
Mortgage Capital Trading, San Diego, found a decrease of 7.84% in mortgage lock volume in June compared to May.
Rethink Everything You “Know” To Be A Next Gen Loan Officer: A Webinar Series–Next Event July 9
Join MBA Education for a series of webinars featuring Kyle Draper and Brian Vieaux moderating discussions with industry experts from the book, “Rethink Everything You ‘Know’ About Being A Next Gen Loan Officer.” The next webinar is May 14.
DEI Leadership Awards: Success Stories from Past Winners Webinar July 11
Annually, the Mortgage Bankers Association recognizes residential and commercial/multifamily members who show leadership in Diversity, Equity, and Inclusion (DEI) internally through market outreach efforts.
MBA Thanks Princess Mackie Book Challenge Participants
MBA launched the Princess Mackie Book Challenge to promote financial education and develop new tools to help children and families learn more about homeownership. This week, MBA would like to highlight CrossCountry Mortgage, Cleveland, and Ally Bank, Detroit.
Quote: July 5, 2024
“If the upcoming Nonfarm Payroll Report and Consumer Price Index continue to align with predictions, and these economic indicators continue to show progress, we could see one or two rate cuts by the end of the year.”
–MCT Senior Director and Head of Trading Andrew Rhodes
Gen-AI and Mortgage Lending–All Hype or All Real? Francesco Paola From Mozaiq.ai
The moral of the story: there are use cases in mortgage fulfillment and servicing where Gen-AI delivers tangible benefits without compromising security, accuracy, and the lender’s reputation; one can trust, but one must verify.
Dealmaker: Dwight Capital & Dwight Mortgage Trust Finance $358M Over Multiple Transactions
Dwight Capital, New York, and its affiliate REIT, Dwight Mortgage Trust, closed $357.4 million in a number of transactions in May.
ServiceLink’s Miriam Moore and Eva Tapia: The Auction Effect is Becoming More Mainstream. What You Need to Know
Widespread inventory shortage has piqued the interest of mainstream buyers who are now pursuing auction properties as a means to fulfill their dream of homeownership.