“Since the pandemic began in March 2020, mortgage servicers provided payment relief to nearly 8 million borrowers via forbearance. Today, only approximately 255,000 borrowers remain in forbearance, and delinquency rates are near historic lows.”
–Mortgage Bankers Association President and CEO Bob Broeksmit, CMB.
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?
MISMO®, the real estate finance industry’s standards organization, is seeking nominations for qualified industry professionals to serve on MISMO’s Commercial Standards Governance Committee for a term ending on December 31, 2024. Nominations will be accepted until 8:00 PM ET on Friday, June 23, 2023.
Every lender that gets excited about what AI will finally allow them to do–and that list is long–also needs to carefully consider how they will earn those investments back, with a return.
From the outside, lending looks like a straightforward business. All you have to do is take the application from someone who wants a loan and determine whether or not you think they are a good risk for the deal and will repay the loan.
Of course, it’s not that simple. It never has been.
Remember just a few years ago when companies were hesitant to embrace cloud computing? Now, cloud-based strategies are standard industry-wide. I foresee the same destiny for blockchain technologies, and the revolution is already underway.
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?
The Federal Open Market Committee held rates steady at its June meeting but kept its options open for July and later this year.
Avison Young Capital Markets, Toronto, arranged the $37.5 million refinancing of a luxury apartment community, Azul Baldwin Park, in Orlando, Fla.
MISMO®, the real estate finance industry’s standards organization, is seeking nominations for qualified industry professionals to serve on MISMO’s Commercial Standards Governance Committee for a term ending on December 31, 2024. Nominations will be accepted until 8:00 PM ET on Friday, June 23, 2023.
