Meghan Bartholomew is Executive Vice President of Credit and Counterparty Risk Management with Radian, Philadelphia. She discussed Radian’s work with the CONVERGENCE initiative, a place-based partnership focused on narrowing the racial homeownership gap.
Category: News and Trends
Sponsored Content from CreditXpert: The Hidden Revenue Growth Tool: Credit Score Improvement and Loan Level Price Adjustments
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MBA NewsLink 2023 Tech All-Star: Rob Chrane of Down Payment Resource
Rob Chrane has spent 15 years (half of his career) developing technology that can be used by anybody online for free to search 2,100+ down payment assistance programs for extra cash to get into their home. That should help lenders qualify more buyers (making them an even more indispensable resource), and more buyers move forward into homeownership.
Mark P. Dangelo: Banking Lessons–‘Beware the Ides of March’
Taking lessons from literature and history, the continuation of 30-years of banking business and operating models are rapidly expiring. Pierced by a permanent transformation to data-driven intelligence, recent systemic failures, and technological progressions bankers need to accept that the era of apps mindsets has ended—data-as-a-product (#DaaP) solves many current and future requirements.
ATTOM: 2022 Single-Family Property Taxes Up 4%
Property taxes on single-family homes grew 3.6% last year, more than double 2021’s 1.6% growth rate, reported ATTOM, Irvine, Calif.
Single-Tenant Net Lease Cap Rates Increase
Single-tenant net lease cap rates increased for the fourth consecutive quarter, the Boulder Group reported.
MBA: 2022 IMB Production Profits Fall to Series Low
Independent mortgage banks and mortgage subsidiaries of chartered banks lost an average of $301 on each loan they originated in 2022, down from an average profit of $2,339 per loan in 2021, according to the Mortgage Bankers Association’s Annual Mortgage Bankers Performance Report.
MBA NewsLink 2023 Tech All-Star: Gabe Minton of Mortgage Connect
As Executive Vice President and Chief Information Officer of Mortgage Connect, LP, a PIttsburgh-based IT company that supports lenders, servicers and institutional investors, Gabr Minton is engaged on the frontline of transforming the mortgage industry into a seamless digital experience for lenders and their customers. He’s also a recipient of an MBA NewsLink 2023 Tech All-Star award.
Industry Briefs Apr. 7, 2023: HUD Extends AFFH Proposed Rules Comment Period by 2 Weeks
HUD extended the public comment date for its Affirmatively Furthering Fair Housing proposed rule by 14 days, to April 24, per a notice in the Federal Register.
MBA Welcomes New Members
The Mortgage Bankers Association welcomed the following new members in March: