One of the most interesting paradoxes is the Mobius strip, a two-dimensional shape made by taking a strip of paper, twisting one end 180 degrees, and taping the ends together, forming one continuous surface.
Category: News and Trends
Industry Briefs March 5, 2024
Industry news from ACES Quality Management, Matic, Truv, Dark Matter Technologies, Paradatec, LoanLogics, BaseCap Analytics and Calque.
Quote: March 4, 2024
“MBA has led the industry over the past two years in a constructive engagement with the Federal Housing Finance Agency and the GSEs to develop more effective alternatives to a repurchase request when dealing with loan defects on performing loans.”
–MBA President and CEO Bob Broeksmit, CMB, discussing recent moves by Fannie Mae and Freddie Mac to address loan repurchase requests
CoreLogic: Delinquencies Nearly Flat in December
CoreLogic, Irvine, Calif., reported the national overall mortgage delinquency rate was 3.1% in December, up by 0.1 percentage point year-over-year from December 2022 and 0.2 percentage point from November.
Dan Mugge from Calque: How Proptech Will Guide the Next Generation of Mortgage Lending
During the dot-com bubble, most tech and internet companies were highly overvalued. Optimism flourished among investors who were too distracted by market trends to question and vet these unrealistic metrics. Sound familiar?
MBA Opposes FFB Risk Sharing Program Extension; Calls on HUD to Address High Fees
MBA President and CEO Bob Broeksmit, CMB, released a statement on the Biden administration’s recent housing announcements, which include extending indefinitely the Federal Housing Administration (FHA) and Federal Financing Bank (FFB) Risk Sharing program.
nCino’s Jay Arneja: The Top 5 eVault Myths Debunked
It’s uncertain how long it will take mortgage lenders to achieve a fully digital mortgage closing process, but recent innovations are making the path much smoother.
Zillow: Home Buyers Need to Earn $47,000 More Than in 2020
Home shoppers today need to earn more than $106,000 to comfortably afford a home, a new Zillow analysis found.
Quote: March 1, 2024
“While we agree with the Administration that there is a desperate need for more affordable housing supply, extending the FHA-FFB Risk Sharing program is unnecessary, as it undermines the successful FHA Multifamily Accelerated Processing program and creates unfair competition with the private sector.”
–MBA President and CEO Bob Broeksmit, CMB, commenting on the Biden administration’s announcements yesterday, which include extending indefinitely the Federal Housing Administration and Federal Financing Bank Risk Sharing program
FHFA Updates Enterprise Credit Score Requirement Implementation
The Federal Housing Finance Agency on Thursday announced updates to the implementation of new credit score requirements for single-family loans acquired by Fannie Mae and Freddie Mac.