Rapidly changing market conditions and consumer behavior demand lenders reevaluate their technological strategies. Even if lenders previously explored technology solutions a year or two ago, the present moment calls for a fresh perspective and reexamination of available tools.
Category: News and Trends
FHFA Releases Non-Performing Loan Sales Data
Fannie Mae and Freddie Mac sold 163,297 non-performing loans with a total unpaid principal balance of $30.0 billion from program inception in 2014 through June 30, 2023, the Federal Housing Finance Agency reported.
Construction Spending Picks Up
The U.S. Census Bureau estimated December 2023 construction spending increased 0.9% in December to a seasonally adjusted annual rate of $2,096.0 billion.
Quote: Feb. 2, 2024
“There are increasing signs suggesting that the extended period of prosperity in the U.S. housing market may be showing signs of easing.”
–ATTOM CEO Rob Barber
RealPage: Apartment Markets in College Towns Remain Steady
RealPage Analytics, Richardson, Texas, found in a recent analysis that college town apartment markets tend to remain steadier than the national norm, and experience higher apartment occupancy rates.
Meg Myers Morgan at #MBAIMB24: Improve Your Reality by Confronting Your Illusions
NEW ORLEANS–The stories you tell to change other peoples’ perceptions of you can actually shape your own self-perception, professor and executive coach Meg Myers Morgan said here at the MBA Independent Mortgage Bankers conference.
MBA Commends House Passage of H.R. 7024, the “Tax Relief for American Families and Workers Act of 2024”
MBA President and CEO Bob Broeksmit, CMB, released the following statement on the passage of H.R. 7024, the “Tax Relief for American Families and Workers Act of 2024,” by the U.S. House of Representatives:
MBA Recognizes Select Associate Members
The Mortgage Bankers Association is proud to recognize its Select Associate Members and thank them for their continued support of MBA and the real estate finance industry.
Mortgage Cadence’s Joe Camerieri: One System to Rule Them All
In J. R. R. Tolkien’s Lord of the Rings, magical rings come with the promise of great power. In truth, the real power is wrapped up in a single master ring.
Fed Holds Rates Steady
The Federal Open Market Committee held rates steady on Wednesday, stating that “the risks to achieving its employment and inflation goals are moving into better balance”