iBorrow, Los Angeles, closed a $15.1 million loan secured by a 500,000-square-foot light industrial manufacturing property in Milwaukee.
Category: News and Trends
Christy Moss, CMB, of FormFree: It’s Time to Stop Punishing Borrowers with Outdated Underwriting
Tthere is nothing inherently wrong with traditional credit scoring models. In fact, they are excellent tools for gaining insight into consumers’ repayment history. However, there is a problem with the way they are treated as the end-all-be-all mortgage underwriting metric.
Builder Confidence Rises on Low Housing Inventory
In the first of several major housing reports this week, the National Association of Home Builders said builder confidence jumped in May as low existing home inventories drew home buyers to new home construction.
In Amici Brief to SCOTUS, MBA, Trade Groups Stress Importance of Mortgage Market Stability
While the brief takes no position on whether the Bureau is constitutionally funded, it urges the Court to avoid ruling in a manner that would disrupt the housing and mortgage markets, harming both consumers and the economy.
Vote: MBA.org Finalist for Website of the Year
mba.org has been chosen as one of three finalists for the 2023 Sitefinity Website of the Year Awards. MBA members can vote to ensure mba.org is the winner.
Sponsored Content from ACES Quality Management: Originations with High-Quality Compliance Testing
When every loan matters, automated compliance testing mitigates fallout due to avoidable or easily detectable compliance errors.
Industry Briefs May 17, 2023: FHFA Requests Input on GSEs’ Single-Family Pricing Framework
LenderLogix, Buffalo, N.Y., announced its streamlined point-of-sale LiteSpeed now offers a Spanish version of the residential loan application to support communication with Spanish-speaking borrowers in their native language.
Quote: May 17, 2023
“Purchase applications decreased 5 percent to its slowest pace in a month, as buyers remain wary of this rate volatility, but also as for-sale inventory in many parts of the country remains scarce.”
–Joel Kan, MBA Vice President and Deputy Chief Economist.
MBA: Share of Mortgage Loans in Forbearance Falls in April to 0.51%
The Mortgage Bankers Association’s monthly Loan Monitoring Survey reported loans in forbearance decreased by 4 basis points to 0.51% of servicers’ portfolio volume as of April 30 from 0.55% in March.
#MBACMST23: How Servicers Stay Ahead of Challenges
CHICAGO–Commercial mortgage servicers must be able to adapt and pivot to face their daily challenges, servicing veterans noted at the MBA Commercial/Multifamily Finance Servicing and Technology Conference.