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
MISMO Earns 2023 HousingWire Tech100 Award for 3rd Straight Year
MISMO®, the real estate finance industry standards organization, was awarded for the third-straight year a 2023 HousingWire Tech100 award. This award recognizes the most innovative technology organizations in the housing economy.
Quote: Mar. 3, 2023
“There are 50 million Americans between the ages of 28 and 38. Many of these young adults want to buy a home and will do so as mortgage rates decline, joining the tens of millions of families that have achieved homeownership with the help of the FHA. Far from receiving a subsidy, FHA buyers have been overpaying the government in recent years, paying premiums well in excess of the risk they pose. The health of the program, with a capital-reserve ratio several times the statutory minimum, gives HUD the capacity to lower premiums when it is most needed: now.”
–MBA President & CEO Bob Broeksmit, CMB, in a letter to the Wall Street Journal.
MBA White Paper Addresses Future of Loss Mitigation
The Mortgage Bankers Association released a white paper, The Future of Loss Mitigation, which takes into consideration how lessons applied and learned during the COVID-19 pandemic should shape permanent loss mitigation policy.
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.”
People in the News Mar. 3, 2023: Superus Careers Taps Michael Oursler, CMB, as EVP
Superus Careers, Sykesville, Md., a national recruiting agency, named Michael “Mo” Oursler, CMB, as Executive Vice President of Mortgage Career Exchange, a community of mortgage professionals supporting individuals and companies.
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.
mPact Summit March 7: Developing Your Executive Presence
Join real estate industry young professional peers for the inaugural MBA mPact Summit on Tuesday, March 7 in Plano, Texas.