As we’ve collectively moved through the turbulence of a post-pandemic market, we’ve found ourselves in the middle of a market correction. Loan officers are feeling the effects just about everywhere. Consumer behaviors are changing, and so are the types of products they need.
Category: News and Trends
Devin Daly of TRUE: How AI Can End the Cycle of Hiring and Firing
MBA NewsLink interviewed Devin Daly, Chief Revenue Officer with TRUE. As CRO, he is responsible for the firm’s revenue strategy and execution, including managing both the sales and partner organizations, in addition to business development and sales operations functions.
Amber Rao, Marcy Thomas Discuss MBA’s COMBOG DE&I Council
Amber Rao, CCIM, Vice President with KeyBank Real Estate Capital, and Marcy Thomas, CCIM, CCMS, Vice President, Portfolio Loan Manager with Grandbridge Real Estate Capital, sat down with MBA NewsLink to discuss MBA’s COMBOG DE&I Council.
MISMO Seeks Public Comment on Tools Aimed at Enhancing Business Efficiency
MISMO, the real estate finance industry’s standards organization, announced that it is seeking public comments on the latest version of the MISMO Life of Loan Process Model, and an updated version of the MISMO Business Glossary.
Early Registration Ends Next Week: MBA Compliance and Risk Management Conference in DC Sept. 10-12
Compliance officers and inside and outside counsel will find the content they know and trust at the Mortgage Bankers Association’s Compliance and Risk Management Conference.
Redfin: Typical Monthly Payment Up Nearly 20% From Last Year
Redfin, Seattle, found the typical U.S. homebuyer’s monthly payment is up 19% from a year ago, at $2,605, during the four weeks ending July 30.
Jobs Up by 187,000; Unemployment Rate Flat in July
Total nonfarm payroll employment was up by 187,000 in July, and the unemployment rate remained fairly flat at 3.5%, the U.S. Bureau of Labor Statistics reported.
MBA Advocacy Update: MBA, HPC Request Review Process for VA’s Foreclosure Prevention Proposal
This week’s top legislative and policy news from the Mortgage Bankers Association.
Cenlar’s Sara Avery: Building an Effective Risk-Aware Culture
Managing risk is a key factor to strategic business planning and success. So the saying that everyone is a risk manager may sound cliché and simple, but it’s absolute.
Quote: Aug. 8, 2023
“Mortgage credit availability declined contracted to its lowest level since 2013, as lenders pulled back on underutilized loan programs and as liquidity concerns remain for some jumbo lenders.”
–Joel Kan, MBA Vice President and Deputy Chief Economist.