Fresh off his announcement that Tim McGraw is headlining his 2024 “Standing Room Only Tour,” the three-time Grammy Award-winning star will take the Concert MBA stage at MBA’s Annual Convention & Expo (MBA Annual23) in Philadelphia on Tuesday, October 17.
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.
MBA Servicing Solutions Conference & Expo in Orlando Feb. 20-23, 2024
We are back at the Hyatt Regency Orlando for MBA’s Servicing Solutions Conference & Expo.
MBA: Mortgage Application Payments Increased Slightly to $2,170 in August
Homebuyer affordability declined in August with the national median payment applied for by purchase applicants increasing to $2,170 from 2,162 in July according to the Mortgage Bankers Association’s Purchase Applications Payment Index.
Dealmaker: JLL Arranges $96.5M Construction Loan in Arizona
JLL Capital Markets, Chicago, announced the origination of a $96.5 million construction loan for a logistics development in Glendale, Ariz., near Phoenix.
CFPB: Overall Mortgage Lending Falls Amid Rising Interest Rates, Discount Points
Mortgage applications and originations declined markedly in 2022 from the prior year, while rates, fees, discount points and other costs increased, the Consumer Financial Protection Bureau reported.
FHFA: Home Prices up 0.8% in July
The Federal Housing Finance Agency’s House Price Index indicated prices rose 0.8% in July from June and 4.6% year-over-year.
Modex’s Dale Larson III: Beyond CRA–Five Reasons the Mortgage Industry Should Leverage Data on Population Diversity, Minorities and Underserved Communities
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.
Sponsored Content From CreditXpert: How to Keep Credit Scores from Robbing You of New Mortgage Lending Business
A borrower’s credit report provides a valuable snapshot of their financial health. Mortgage lenders have been using it for years to underwrite their deals, credit is, the most dynamic of the 3 Cs of lending, and it has proven a reliable source of data to predict loan performance. But it can be more than that if the lender learns not to take the borrower’s credit at face value.
Snapdocs Survey: eClosing Tech Investment Outpaces Adoption
Digital closing provider Snapdocs, San Francisco, conducted a survey on lenders’ use of eClosing technology. It found that 74% of lenders have invested in the tech, but only 28% of those offering such services have achieved an adoption rate over 60%.