As 2024 gets into full swing, it’s critical that lenders are aware of trends impacting–or that have the potential to impact–the current mortgage lending landscape.
Category: News and Trends
MBA Chart of the Week: 2024 Commercial Mortgage Maturities Pushed Up by 2023 Extensions
Commercial mortgages tend to be relatively long-lived, spreading maturities out over several years.
Quote: Feb. 26, 2024
“This is a brand-new innovation in loss mitigation. It’s designed to address what every servicer is seeing, which is that the FHA recovery mod does not work so well when a borrower comes in with a mortgage rate that’s significantly lower than prevailing rates.”
–Julia Gordon, Assistant Secretary for Policy and Federal Housing Commissioner, speaking at MBA’s Servicing Solutions Conference & Expo
Executives Discuss Their Challenges, Goals: #MBAServicing24
ORLANDO–Top executives from PennyMac Financial Services, Merchants Bank of Indiana, M&T Bank Corp., Mr. Cooper and Freedom Mortgage Corp. discussed the biggest challenges the mortgage servicing industry faces here at MBA’s Servicing Solutions Conference & Expo 2024.
Existing-Home Sales Up 3.1% in January, NAR Says
The National Association of Realtors, Chicago, released its report on existing-home sales for January, finding they increased 3.1% from December to a seasonally adjusted annual rate of 4 million. Year-over-year they were down 1.7%.
Tavant’s Matthew Wood: Gen AI’s New Ways of Creating How, When and Where Content is Created, Used, Required and Analyzed
How will you be using Artificial Intelligence tomorrow? How will you be using Generative AI the day after you read this article?
FHA Establishes New Payment Supplement Loss Mitigation Home Retention Solution
The Federal Housing Administration on Wednesday published a Mortgagee Letter establishing a new Payment Supplement loss mitigation home retention solution.
MBA Education Advantage: Learn for Less
MBA Education Advantage is an annual subscription-based training that provides your organization with unlimited access to 200-plus self-studies, complimentary seats in specific courses, discounts on designations and much more.
Quote: Feb. 23, 2024
“You listen to complaints, you listen to phone calls; customers genuinely will tell you where your pain points are, your employees are going to tell you what your pain points are.”
–Steven Bailey, Senior Managing Director and Chief Servicing Officer with PennyMac Financial Services, speaking at MBA’s Servicing Solutions Conference & Expo 2024.
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