A growing proportion of remote and hybrid workers are willing to live farther from their workplace, reported Fannie Mae, Washington, D.C.
Category: News and Trends
Quote: Sept. 11, 2023
“With responsible implementation, Artificial Intelligence and Blockchain will enhance rather than eliminate the essential human role in mortgages.”
–PrivoCorp CEO Sam Verma
MBA White Paper Measures the Impact of Loan Sizes on Profitability Through Mortgage Cycles
The conventional wisdom is that originating and servicing higher balance loans means higher profits. However, according to a new white paper by the Mortgage Bankers Association titled, How do Mortgage Revenues, Costs and Profitability Vary by Loan Balance? An Analysis Using Benchmarking Data, the relationship between loan balance and profitability is more nuanced and may change over the course of market cycles.
LoanLogics’ Jenevieve Impavido: Overcoming a New Catch-22—Fannie Mae’s QC Requirements
Many lenders will need to rethink their loan QC strategies if they hope to pass muster with Fannie Mae, Freddie Mac—or for that matter any other investor in the secondary market.
MBA Annual General Session: Housing Market and Policy Trends with Prof. Susan Wachter
On Oct. 17 at MBA Annual, University of Pennsylvania Professor Susan Wachter, an expert in housing finance and real estate and urban economics, will discuss the latest data and trends in homeownership, housing supply, affordability and other market trends impacting your business.
Sept. 13: Budgeting and Financial Planning for Non-Believers
Let’s face it, budgeting and financial planning may not be glamorous, and many mortgage bankers will say, “Tell me what rates will be, and I’ll tell you how much money we’ll make.” But this isn’t a viable approach to a dynamic and difficult industry, and the top-performing mortgage bankers would never take this same approach.
Fannie Mae: Consumers Still Frustrated by Lack of Housing Affordability
Fannie Mae’s Home Purchase Sentiment Index for August remained fairly flat month-to-month, with consumers continuing to be pessimistic about housing.
Entrust’s Chris Tammen: Zero Trust is a Foundation for Securing a Modern Remote Workforce
While the pandemic pushed many in the mortgage industry to accelerate their digital transformation efforts and work-from-home arrangements, remote work has had considerable effects on the cost of a breach, especially for institutions employing a traditional perimeter-based approach to network security.
Tomorrow: Optimizing Technology in the Origination Process
Join MBA Education and industry experts for an in-depth discussion on the things lenders can do to have impact right now while preparing for when the market comes back.
Black Knight: Nearly a Quarter of Homebuyers Face $3,000 Payments or More
Monthly mortgage payments between $2,000 and $3,000 have rapidly become the norm in today’s housing market in the face of spiking interest rates and historically high home prices, reported Black Knight, Jacksonville, Fla.