Asurity, founded in 2015, combines RegTech SaaS with industry expertise to help automate compliance and product innovation in mortgage
Category: News and Trends
People in the News Mar. 13, 2023: MBA Names Eric Gates 2023-2024 MAA Chair
The Mortgage Bankers Association appointed Eric Gates, President of Apex Home Loans, Rockville, Md., as chairman of the MBA Mortgage Action Alliance for the 2023-2024 election cycle.
MBA Education Path to Diversity Scholar Profile: Kirsten Agard, CMB, AMP
My name is Kirsten Agard, CMB, AMP, I live in Tigard, Oregon, and I have been in the mortgage industry for 12 years.
Jason Wilborn of Accenture: Perfect Timing
NOW is the time we should revisit what didn’t work when volumes were high. The opportunity to think outside of the box relative to engaging new partners, new systems, and to properly implement policy changes is now. The imperative for a proactive, funded, and holistic approach assessing your business model is upon us.
Quote: Mar. 13, 2023
“The housing market typically benefits from strong employment conditions, but as monetary policy has tightened to combat inflation, bringing about higher rates and tighter financial conditions, homebuyers have pulled back over the past year. We expect the economy to go into a mild recession this year, and with that a cooling in home prices and lower mortgages rates, which should help affordability conditions and bring a gradual recovery in housing activity.”
–MBA Chief Economist Mike Fratantoni.
RealPage: Apartment Rent Collections Reach Highest Mark Since Before COVID
RealPage, Richardson, Texas, reported market-rate apartment renters are paying their monthly rent at the highest frequency in three years.
MBA Premier Member Profile: Asurity
Asurity, founded in 2015, combines RegTech SaaS with industry expertise to help automate compliance and product innovation in mortgage
CoreLogic: 4Q Home Equity Gains Slow Further
CoreLogic, Irvine, Calif., said homeowners with mortgages (which account for roughly 63% of all properties) saw equity slow to a 7.3% increase year over year, representing a collective gain of $1 trillion, for an average of $14,300 per borrower, from one year ago.
Jobs Report: Initial Claims Jump to 5-Week High
Initial claims for unemployment insurance jumped last week at the fastest pace in five months, with total claims reaching their highest level since December, the Labor Department reported Thursday.
Zillow: Fix Zoning to Improve Housing Affordability
Zillow, Seattle, said relaxing zoning rules would rank among the best ways to address the nation’s ongoing housing affordability crisis.