Mortgage rates fell modestly last week, and mortgage applicants took advantage, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending May 5.
Category: News and Trends
People in the News May 11, 2023: Go Mortgage Names Jessica Manna Chief Marketing Officer
Go Mortgage, Columbus, Ohio, named Jessica Manna as its chief marketing officer, responsible for overseeing all marketing initiatives and strategies to further promote Go Mortgage’s brand and drive business growth.
Quote: May 11, 2023
“We have strongly opposed FHFA’s planned debt-to-income loan level pricing adjustment since it was announced in January and have led advocacy efforts calling for its removal. The proposed fee was unworkable for lenders and would have confused borrowers and undermined the customer experience. We are pleased that FHFA engaged with industry stakeholders, recognized the negative impacts of the fee, and decided to rescind its implementation.”
–MBA President & CEO Bob Broeksmit, CMB.
MBA: 1st Quarter Commercial/Multifamily Borrowing Down 56%
Commercial and multifamily mortgage loan originations fell by 56 percent in the first quarter from a year ago, and fell by 42 percent from the fourth quarter, according to the Mortgage Bankers Association’s Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.
Jason Wilborn of Accenture Credit Services: Tech Dreams
I was listening to a panel of industry executives when it occurred to me something incredibly important was missing from the conversation topics. The all-important intangible component, the dream of home ownership. The dream you ask? More on what I mean in just a minute.
MBA Home For All Pledge Partner: Equifax Mortgage & Housing
“The Home for All Pledge doubles down on Equifax’s continued commitment to financially inclusive lending and helping to provide the opportunity for people to live their financial best.”
Mark P. Dangelo: In an AI Reimagined Financial World, It Begins with the Consumer (Part 1)
AI is undergoing its “Halo and Horns Effect”—everything it touches is anticipated to turn into a pot of gold or end civilization. However, while the promise is unprecedented, the realities of being able to define, build, and sustain dynamic AI initiatives are innovatively and operationally complex. For organizations to succeed, they will require an iterative framework that is principle encased, delivered with precise actions of rationale, and all the while continuously mitigating hidden implications.
Doug Wilber of Denim Social: How to Use Social Selling to Succeed This Season
Social media is an essential channel to create connectivity and trust with prospects. Whether you’re just getting started with social selling or are a well-oiled social selling team, it’s important to be aware of present market conditions and adjust your strategy accordingly.
MBA Weekly Survey May 10, 2023: Applications Rise as Rates Drop
Mortgage rates fell modestly last week, and mortgage applicants took advantage, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending May 5.
Why You Should Participate in MBA Residential Committees, Councils and Networks
The Mortgage Bankers Association has more than three dozen opportunities for participation on MBA residential committees, councils and networks, to formulate policy, connect with colleagues and further the success of the real estate finance industry.