Matic, Columbus, Ohio, in a recent year-end report noted 79% of mortgage lenders experienced an increase in problems with home insurance in the past year, among other challenges. Moreover, the company predicted such challenges may persist into 2024.
Category: News and Trends
Garth Graham From STRATMOR Group: Evaluate Sales Compensation Structure to Regain Profitability
When looking to cut loan production costs, mortgage bankers tend to look closely at fulfillment—or back office expenses—yet the opportunity for significant savings there is limited.
Quote: Jan. 19, 2024
“While headwinds remain, notably ongoing affordability constraints, the green shoots of a housing recovery have emerged alongside lower mortgage rates.”
–First American Deputy Chief Economist Odeta Kushi
CoStar: Hotel Pipeline’s Planning Phases Reflect Confidence in Travel
CoStar Group, Washington, D.C., reported activity in the planning phases of the U.S. hotel pipeline remains up, while rooms actually in construction decreased after two months of gains.
MBA Affordable Housing Partner Spotlight: Debbie Campbell of X-Caliber
(One in a recurring series about MBA CONVERGENCE, the Mortgage Bankers Association’s affordable housing initiative.)
Dealmaker: Dwight Mortgage Trust Announces $41M Brooklyn Financing
Dwight Mortgage Trust, the affiliate REIT of Dwight Capital, provided $41.2 million in bridge financing for Amnia, a newly constructed luxury high-rise in downtown Brooklyn, New York.
Single-Family Housing Starts Fall 8.6% in December
Single-family housing starts fell 8.6% in December to 1.03 million, the U.S. Census Bureau and HUD announced Thursday.
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.
MBA: December New Home Purchase Mortgage Applications Increased 22.2%
The Mortgage Bankers Association Builder Application Survey data for December 2023 shows mortgage applications for new home purchases increased 22.2% compared from a year ago. Compared to November 2023, applications decreased by 4%. This change does not include any adjustment for typical seasonal patterns.
MBA Education Webinar: Cybersecurity Risks, Recovery & Regulatory Requirements–Jan. 25
Join MBA Education and top information security professionals for an in-depth discussion on the information security risks that affect our industry and the basic components needed to develop a program to mitigate these risks.