Fannie Mae, Washington, D.C., reported its Home Purchase Sentiment Index increased in April to its highest level since May 2022, jumping 5.5 points to 66.8.
Category: News and Trends
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.
MBA Advocacy Update May 8, 2023
On Thursday, MBA requested the Consumer Financial Protection Bureau to proceed with rulemaking to amend the early intervention requirements and loss mitigation procedures under Regulation X.
MBA Chart of the Week May 5, 2023: Net Production Income by Peer Group
In this week’s MBA Chart of the Week, we look at pre-tax net production income from a different source – the MBA and STRATMOR Peer Group Roundtables Program. This program was started in 1998 along with STRATMOR Group and is our most comprehensive data collection – providing results for both banks and independents, and then further divided by volume and business model.
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.
Quote: May 9, 2023
“Mortgage credit availability declined in April to the lowest level since January 2013, matching the tightening in broader credit conditions stemming from recent banking sector challenges and an uncertain economic outlook. The contraction was driven by reduced demand for loan programs such as certain adjustable-rate mortgages loans, cash-out and streamline refinances, and those with lower credit score requirements.”
–Joel Kan, MBA Vice President and Deputy Chief Economist.
MBA Education Path to Diversity Scholar Profile: Lauren Tabas
Lauren Tabas is Business Control Director with Cenlar FSB, Ewing , N.J.
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.”
Jon Wierks of First American Data & Analytics on the Future of AVMs
Jon Wierks heads development of valuation analytics for First American Financial Corp., Santa Ana, Calif., including the company’s automated valuation models. He has played a role in developing many of the industry’s most commercially successful AVMs for the past 25 years.
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.