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.
Category: News and Trends
Net Lease Cap Rates Expand For Fifth Consecutive Quarter
Single-tenant net lease cap rates increased for the fifth consecutive time in the second quarter, the Boulder Group reported.
Clarifire’s Jane Mason: To Survive, the Fittest Organizations Need AI—But That’s Not All
AI holds the potential to unleash productivity throughout the mortgage lifecycle by bringing the origination and servicing sides of the business together.
Redfin: New Builds Make Up More Than 30% of Single-Family Market
Redfin, Seattle, reported that newly built properties made up 31.4% of single-family homes on the market in the second quarter, due in large part to continued supply constraints.
Quote: Aug. 22, 2023
“The prevalence of forbearance plans has dramatically dropped since 2020, and the reasons that borrowers are in forbearance are changing.”
–Marina Walsh, CMB, MBA vice president of industry analysis.
MBA Chart of the Week Aug. 22: Production Personnel and Production Volume
This MBA Chart of the Week compares production personnel to average quarterly production volume in count over the last five years.
MBA Advocacy Update: MBA Urges HUD to Make Appraisal and HECM Changes
This week’s top legislative and policy news from the Mortgage Bankers Association.
Agustin Del Rio: Bulls, Bears and Mortgages
As the financial winds of the pandemic swirled, the mortgage market took center stage in the economic theatre. Its performance? Spellbinding highs followed by precipitous lows, a dramatic rollercoaster that even seasoned Wall Streeters couldn’t ignore.
CONVERGENCE: Navigating the Obstacles in Multifamily Housing: Perspectives from the Affordable Rental Housing Advisory Council–Aug. 29
The demand for affordable housing continues to outstrip supply, and steep rental increases exacerbate the problem. Policy measures alone won’t solve these issues. MBA members have sought innovative ways to address the ongoing challenges in this space.
Aug. 24: Current Expected Credit Losses (CECL) Updates
Current Expected Credit Losses (CECL) is designed to reduce volatility for banks and deliver predictable and consistent returns for investors. With the variation of adoption dates, some as early as …