While compliance with CRA regulations continues to be a major priority, financial institutions must recognize the importance of diversity, minority inclusion and support for underserved communities as a critical component of their overarching strategy.
Category: News and Trends
Renewing Your MBA Membership
MBA is here for you. When times get tough, we stick together. The industry and your business are better when we do. MBA is your voice, your source, and your association.
Q&A: Ron Vaimberg, AMP, on Investing in LO Training vs. Cutting Staff in Market Downturns
We are in an unprecedented market with challenges like we’ve never seen. We have elevated rates, which we’ve obviously had before, but not with the lack of inventory that we have right now.
Voting for 2024 MBA Officers, New & Returning Directors Underway; Deadline Oct. 12
The voting period for the election of the Mortgage Bankers Association’s FY2024 officers and new and returning directors is underway. The voting ends at 5:00 p.m. E.T. on Thursday, October 12, 2023.
Sponsored Content from QC Ally: Ditch Perfection: Embrace Your Flaws to Strengthen Your QC Processes
The risk – and cost – associated with repurchases is a heavy burden to bear, and quality control (QC) professionals carry that weight daily. Because of this, QC teams strive for perfection, which can be a slippery slope.
Sponsored Content from SWBC: Transforming Your Contact Center for Customer Delight
Empathy is the key to creating meaningful experiences for your members. Here’s why it’s important and what you can try.
MBA, Housing Trades Call on Fed to End Rate Hikes, Pledge Not to Sell MBS Book
On Monday, the Mortgage Bankers Association led a coalition letter sent to the Board of Governors of the Federal Reserve that conveyed the housing industry’s serious concerns about the negative market impacts the Fed’s monetary policy actions (e.g., rate hikes and quantitative tightening) are having on the market.
Mississippi Has the Most Single Homeowners, Study Shows
All Star Home, Raleigh, N.C., analyzed U.S. Census Bureau data to determine which states have the largest percentage of single homeowners–with Mississippi coming in on top and Utah with the fewest.
Mortgage Credit Availability Increased in September
Mortgage credit availability increased in September according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from ICE Mortgage Technology.
Quote: Oct. 11, 2023
“While most mortgage rates increased last week, rates on ARMs declined, leading to an increase in ARM
volume and an increase in overall applications.”
–MBA Vice President and Deputy Chief Economist Joel Kan