Randolph is a senior director in Freddie Mac’s Single-Family business where she leads a team tasked with ensuring industry software providers and lenders are optimizing the use of Freddie Mac’s digital tools and capabilities. She’s also an MBA NewsLink 2023 Tech All-Star Award recipient.
Category: News and Trends
Mind the Gap: What CONVERGENCE Columbus Can Teach Us About Increasing Black Homeownership
The homeownership gap between Black and white Americans is wider today than in 1960 when housing discrimination was legal. To look at the mechanisms behind this shocking stat in one community, CONVERGENCE Columbus surveyed local loan originators and real estate agents for their thoughts on how to increase Black homeownership. Our findings were enlightening and offer lenders everywhere four important lessons for supporting homeownership equity.
MBA Education Path to Diversity Scholar Profile: Le Tran
Le Tran joined WEOKIE Federal Credit Union, Oklahoma City, Okla., in 1995 and currently serve as its Assistant Vice President of Mortgage Underwriting.
CONVERGENCE Partner Profile: Meghan Bartholomew of Radian
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.
Quote: Apr. 7, 2023
“For the first time since inception of MBA’s report in 2008, net production income was in the red in 2022, with losses averaging 13 basis points. The rapid rise in mortgage rates over a relatively short period of time, combined with extremely low housing inventory and affordability challenges, meant that both purchase and refinance volume plummeted. The stellar profits of the previous two years dissipated because of the confluence of declining volume, lower revenues, and higher costs per loan.”
–Marina Walsh, CMB, MBA Vice President of Industry Analysis.
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.
Dealmaker: JLL Arranges $39M for New Jersey Warehouse Acquisition
JLL Capital Markets, Chicago, arranged $39 million in acquisition financing for 333 North Street, a warehouse and distribution facility totaling 221,448 square feet in Teterboro, N.J.
#MBATech23: Technology Investors Stress Patience
SAN JOSE, Calif.—The mortgage industry wants innovation; tech innovation requires capital. Wall Street investors have unique perspectives on the mortgage industry—and the technology that should support it.
#MBATech23: Challenging Economic Conditions Persist
SAN JOSE, Calif.—After several years of extraordinary—and unexpected—mortgage performance despite the coronavirus pandemic, 2023 is a decidedly different—and less desirable—business environment, said MBA economists.
Sponsored Content from CreditXpert: The Hidden Revenue Growth Tool: Credit Score Improvement and Loan Level Price Adjustments
The new loan level price adjustments and credit score improvement can drive revenue growth. Here’s how.