SAN DIEGO–The Mortgage Bankers Association on Monday released its year-end ranking of commercial and multifamily mortgage servicers’ volumes as of December 31, 2022.
Category: News and Trends
MBA Advocacy Update Feb. 14, 2023
MBA sent a letter to the Federal Housing Finance Agency expressing concerns regarding recently announced changes to the GSEs’ loan-level price adjustments, particularly addition of an LLPA based on debt-to-income ratio.
Quote: Feb. 14, 2023
“Given changes in interest rates and investment yields over the last year, new deals and loans are sizing differently than in previous years. These new changes will take time for buyers and sellers to digest, and we expect the logjam to suppress volumes this year.”
–Jamie Woodwell, MBA Head of Commercial Real Estate Research.
Industry Briefs Feb. 14, 2023: Guild Mortgage Acquires Legacy Mortgage
Guild Mortgage, San Diego, increased its Southwest presence with acquisition of Legacy Mortgage, an independent New Mexico-based lender.
MBA Chart of the Week Feb. 10 2023: Climate Risk and Housing Finance
The Research Institute for Housing America, MBA’s think tank, released the first volume of A Collection of Essays on Climate Risk and the Housing Market that examines various aspects of how climate risk is impacting housing markets (as summarized in this week’s chart that replicates Exhibit 1 from the second essay).
Michael Carpenter of Ncontracts: 5 Steps for Easing into ERM
One common mistake mortgage companies make when faced with an overwhelming task like building out a risk management program is to kick the can down the road. They decide they are too busy, and the job is too big, so they’ll dig in once things quiet down. This creates two problems
Reena Agrawal of Veros: Using AVMs to Test for Appraisal Bias
Appraisal bias occurs when a property is undervalued or inaccurately assessed based on any of the protected class variables. Any appraisal bias based on race of the homeowner or racial make-up of a neighborhood can seriously affect minority homeowners.
Rob Nunziata of ActiveComply: Regulatory Implications of Employing Remote Workers
Rob Nunziata is co-founder and CEO of ActiveComply, Orlando, Fla., a provider of cloud-based platforms that help companies in highly regulated industries stay compliant. He is also Co-CEO of Orlando-based FBC Mortgage LLC, one of the nation’s largest retail home lenders.
Buyers Getting More for Money as Spring Season Approaches
Home buyers’ mortgage payments have started stretching a bit further, reported Zillow, Seattle.
MBA Advocacy Update Feb. 13, 2023
MBA sent a letter to the Federal Housing Finance Agency expressing concerns regarding recently announced changes to the GSEs’ loan-level price adjustments, particularly addition of an LLPA based on debt-to-income ratio.