Fitch Ratings, New York, said recently announced reductions in the Federal Housing Authority mortgage insurance premium rates are not expected to have a meaningful credit impact on private U.S. mortgage insurance carriers.
Category: News and Trends
Mark P. Dangelo: Digital Transformation—Utilizing DaaP for Revenue Gains
In part three of the series, “In the Year of the Rabbit Data is a Slow Tortoise,” we address the mindset shifts and implementation approaches needed to reposition data beyond the traditional design thinking of systems. As native digital ecosystems explode, reusable, auditable, and evolutionary data will become the difference between digital transformation incremental efficiencies and new revenue streams.
Jarod Jones of Equifax Workforce Solutions: How Personal Debt Can Close the Front Door to Homeownership
With lenders now recognizing the power of alternative data during underwriting, homeownership decisioning can be made with more confidence and less risk – leading to healthier financial portfolios.
MBA Education Path to Diversity Scholar Profile: Ashley Puckett
Ashley Puckett is Senior Capital Markets Analyst with Vellum Mortgage, an independent mortgage bank in Fairfax, Va. She began in the industry in September 2011 as a Loan Processor. From there she moved into Post Closing for a few years, then in Secondary Marketing, “which I love.”
Aaron Davis and Jonathan Kearns: Countless Reasons to Adopt Digital Closings
As to the case for adopting digital closings, the obvious explanations (speed, efficiency, cost) remain. And now, even more equally persuasive reasons are emerging as well.
Lenders Active in Hotel Sector
Lenders remain active in the hotel sector despite rising interest rates, inflation and recessionary fears, reported real estate investment banking firm RobertDouglas, New York.
Dealmaker: Oxford Properties Group Acquires Biomanufacturing Facility for $125M
Oxford Properties Group, Toronto, acquired 92 Crowley Drive, a biomanufacturing facility under construction in Marlborough, Mass., for $125 million.
Initial Claims Down 3rd Straight Week
Initial claims for unemployment insurance fell for the third consecutive week, the Labor Department reported Thursday, signaling a resilient labor market despite uncertain economic conditions.
Zillow: Analysts Expect Home Prices to Grow Steadily Starting in 2024
Zillow, Seattle, said home prices nationally should bottom out in 2023, then return to a more normal growth rate.
MBA Welcomes New Members
The Mortgage Bankers Association welcomed the following new members in January and February: