Late last week, Rep. John Rose, R-Tenn., introduced H.R. 4198, the Protecting Consumers from Abusive Mortgage Leads Act, which would eliminate abusive trigger leads while preserving their use in appropriately limited circumstances – such as communicating with existing customers.
Category: News and Trends
Equifax Workforce Solutions’ Chad Whittenberg: Utilizing Instant Verifications Earlier in Mortgage Lending Cycle Provides Value to Lenders, Consumers
If lenders want to stay competitive, they must take a holistic approach that leverages relevant data at every stage of the lending process.
Dealmaker: Eastern Union Secures $50M Construction Loan
Eastern Union’s Mid-Atlantic Group, Bethesda, Md., secured a $49.5 million construction loan for New York-based Hillcrest Acquisitions in support of a planned multifamily community in Madison, Ala.
Certified Mortgage Compliance Professional (CMCP) Designation
MBA offers the only certification and designation program geared exclusively toward compliance professionals in the mortgage finance industry, the Certified Mortgage Compliance Professional (CMCP) Certification and Designation program.
Jon Maynell from iEmergent: Think Your Market Is a Barren Desert? Look Again
Sure, you could acquire more companies or recruit hotshot producers to grow-but those strategies take a lot of resources, and their success is far from guaranteed. What if, instead, you found a hidden opportunity within your existing footprint?
MBA: May New Home Purchase Mortgage Applications Increased 16.6%
The Mortgage Bankers Association’s Builder Application Survey for May 2023 shows mortgage applications for new home purchases increased 16.6 percent compared from a year ago.
MBA Chart of the Week June 20, 2023: Mortgage Credit Availability Index
According to data from MBA’s May 2023 Mortgage Credit Availability Index (MCAI), we saw the third consecutive month of declining credit availability, as the industry continued to see more consolidation and reduced capacity as a result of the tougher market.
Redfin Reports Housing Inventory Slump: 39% Fewer Homes for Sale Than Pre-Pandemic
Redfin, Seattle, dug into the ongoing housing inventory crunch, finding there are 39% fewer homes for sale now compared with June 2018.
July 26: MBA Condo Lending Summit 2023
This year’s one-day, in-person MBA Condo Lending Summit will feature experts from government regulators and agencies, along with condo lending veterans from the industry.
MBA: Share of Mortgage Loans in Forbearance Drops to 0.49% in May
The total number of loans now in forbearance decreased to 0.49% for May from 0.51% of servicers’ portfolio volume in April, the Mortgage Bankers Association’s monthly Loan Monitoring Survey reported.