Dwight Capital, New York, and its affiliate Dwight Mortgage Trust closed more than $246 million in real estate financing in August.
Category: News and Trends
MBA’s RIHA Commemorates 10-Year Anniversary of RIHA’s Special Report on the History of Mortgage Banking
The Mortgage Bankers Association’s (MBA) Research Institute for Housing America (RIHA) is re-releasing Mortgage Banking in the United States, 1870-1940, to commemorate the 10-year anniversary of the renowned white paper.
Susan Graham from FICS: Unlocking Success–Five Vital Features of Mortgage Servicing Software
Rising interest rates and high inflation are putting a strain on mortgage holders. The 2023 J.D. Power U.S. Mortgage Servicer Satisfaction Study found a significant decline in customer satisfaction compared to the previous year. J.D. Power attributes this decline to a combination of weaker financial health, an increased rate of mortgage transfers and a rise in issues resolving account problems.
MBA Weekly Survey Sept. 27: Applications Decrease
Mortgage applications decreased 1.3 percent from one week earlier, according the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending September 22, 2023.
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.
Quote: Sept. 27, 2023
“Overall applications declined, as both prospective homebuyers and homeowners continue to feel the impact of these elevated rates.”
–Joel Kan, MBA’s Vice President and Deputy Chief Economist.
MBA’s Broeksmit Comments on Potential Government Shutdown
Mortgage Bankers Association President & CEO Robert D. Broeksmit, CMB, commented Monday on a potential government shutdown at the end of the fiscal year.
MISMO/MBA #MortgageAIForum: Artificial Intelligence Holds Promise, Peril for Mortgage Lending
ARLINGTON, Va.–Artificial Intelligence will fundamentally change the real estate finance business—and nearly everything else—experts said here at the #MortgageAIForum, co-hosted by MBA and MISMO.
ATTOM: Home Flipping Drops in Q2
ATTOM, Irvine, Calif., found home flipping activity fell in the second quarter.
Black Knight: First Look August Delinquency Numbers Positive
Black Knight, Jacksonville, Fla., released its First Look at its August Mortgage Monitor, finding that the delinquency rate improved yet again, but gains are slowing. That, Black Knight said, might suggest delinquency rates are reaching cycle lows.