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.
Category: News and Trends
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.
MBA Weekly Survey Apr. 5, 2023: Applications Fall for First Time in 5 Weeks
Mortgage applications fell for the first time in five weeks, despite another drop in interest rates, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending Apr. 5.
MBA NewsLink 2023 Tech All-Star: Christina Randolph of Freddie Mac
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.
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.
Kristin Golab of Plante Moran: ‘Fixing’ Fixed Costs in a Downturn–Six Considerations for Mortgage Bankers
As interest rates and inflation have risen, mortgage lenders have seen a slowdown in their sector. These strategies can help your institution manage costs in this lean period and position yourself to thrive in a recovery.
Call for Speakers: MBA Annual Convention & Expo; Deadline June 2
Speaker proposals for breakout sessions are now being accepted for the MBA Annual Convention & Expo 2023, taking place October 15-18 at the Pennsylvania Convention Center in Philadelphia. This is the industry’s largest convention and expo focused on residential real estate finance.
Audra Agen of Accenture: Saluting Women in the Mortgage Industry
As Women’s History Month ends, I find myself reflective of my 25+ year career in this industry and the women that have played a part in shaping my experience. I would be remiss if I did not acknowledge their impact on my career; they have mentored, trained, and at times, pushed me beyond what I thought my limits were.
Quote: Apr. 6, 2023
“Over time, we look to see how companies are differentiating themselves. We look, for example, to Rocket Mortgage, which recently introduced a credit card. This is going to drive customers to their products.”
–Bose George, Managing Director with Keefe, Bruyette & Woods, New York, speaking at the MBA Technology Solutions Conference & Expo.
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.