MBA NewsLink interviewed Amazon Web Services Senior Manager of Federal Financials Felipe Millon during the recent MISMO/MBA #MortgageAIForum, where he was a featured speaker. Millon discussed the technology adoption curve, new Artificial Intelligence models and how Retrieval Augmented Generation can benefit financial services firms.
Category: News and Trends
ServiceMac’s Bob Caruso: Take Advantage of a Heightened MSR Purchase/Transfer Market
As interest rates remain high and the long-term market outlook is uncertain, lenders are evaluating strategies to strategically grow their mortgage portfolios. As a result, many organizations are selling off portfolios to aggregators, which has led to a heightened level of mortgage servicing rights (MSR) purchases and transfers. For lenders looking to purposefully grow their mortgage portfolios, the increase in MSR activity presents a unique opportunity.
CBRE Finds Office Conversions More Than Doubling
CBRE, Dallas, found nearly 100 office-conversion projects are slated to be completed in major U.S. cities this year. That’s more than double the average of 41 per year from 2016 to 2022.
MBA Advocacy Update: Congress Passes Stopgap Funding Bill to Avert Government Shutdown
On Saturday night, the U.S. House and Senate passed a Continuing Resolution that averts a government shutdown and extends Fiscal Year 2023 funding through November 17, 2023.
Velocity Servicing President Matt Stadler Discusses Loan Stress
MBA NewsLink interviewed Velocity Servicing President Matt Stadler about loan stress. Stadler is responsible for all operations of Velocity Servicing, a specialty and component servicer focused on investors in credit-sensitive products (EBOs, NPL/RPL, and high-risk assets), dedicated to turning distressed loans into performing portfolios faster through high-touch customer relationships and advanced data analytics.
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.
MBA Advocacy Update: Congress Passes Stopgap Funding Bill to Avert Government Shutdown
On Saturday night, the U.S. House and Senate passed a Continuing Resolution that averts a government shutdown and extends Fiscal Year 2023 funding through November 17, 2023.
People in the News, Oct. 3, 2023
People news from First American, Dovenmuehle and Mortgage Machine Services.
MBA Chart of the Week Oct. 2: FOMC Summary of Economic Projections for Fed Funds Rate
Each quarter, members of the Federal Open Market Committee (FOMC) submit their projections for various economic measures (i.e., real gross domestic product growth, the unemployment rate, inflation, and the federal funds rate). This month’s projections, shown in the Summary of Economic Projections (SEP), included 2026 for the first time.
CBRE Finds Office Conversions More Than Doubling
CBRE, Dallas, found nearly 100 office-conversion projects are slated to be completed in major U.S. cities this year. That’s more than double the average of 41 per year from 2016 to 2022.