Toby Wells has more than 25 years of experience in servicing, originations, capital markets and asset management. He currently serves as president of Cornerstone Servicing, Englewood, Colo., a division of Cornerstone Capital Bank SSB, Houston, a provider of mortgage servicing platforms designed to empower healthy, sustainable homeownership. He can be reached at twells@cornerstoneservicing.com.
Category: News and Trends
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.
Dealmaker: Newmark Executes $22.5M Office-to-Apartment Conversion Sale
Newmark, New York, closed $22.5 million to sell City Centre I, a 6.8-acre multifamily redevelopment project at 625 The City Drive South in Orange, Calif.
Report: Commercial Construction Costs Increase
Commercial real estate construction costs increased nearly 1.4 percent over the previous quarter, reported Rider Levett Bucknall, Phoenix.
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.
April Employment Beats Expectations
The U.S. economy added 253,000 jobs in April, and the unemployment rate fell again to match a 53-year low, beating analyst expectations, the Bureau of Labor Statistics reported Friday.
The Week Ahead, May 8, 2023: MBA Legal Issues Conference, CMST and National Delinquency Survey
Good morning and happy Monday! MBA is busy this week, so let’s get right to it:
MBA Education Path to Diversity Scholar Profile: Lauren Tabas
Lauren Tabas is Business Control Director with Cenlar FSB, Ewing , N.J.
Quote: May 8, 2023
“On net, the labor market is stronger than expected…As was the case in recent months, job growth remains concentrated in just a few sectors, particularly health care and hospitality. Although we have seen several public layoff announcements, the job growth in these few sectors continues to offset losses in technology and other industries, including the mortgage market.”
–MBA Chief Economist Mike Fratantoni.