On Wednesday, President Joe Biden and House Speaker Kevin McCarthy (R-CA) began face-to-face debt ceiling discussions, with the latter expressing cautious optimism that the two sides can come to a deal to avoid the first-ever default on the nation’s debt obligations.
Category: News and Trends
Quote: Feb. 7, 2023
“The continued slowing of home prices at the end of 2022 reflects weaker housing market demand, primarily caused by higher mortgage rates and a more pessimistic economic outlook in general.”
–Selma Hepp, chief economist with CoreLogic, Irvine, Calif.
Doug Wilber of Denim Social: Three Reasons Every Mortgage Loan Officer Should Use Paid Social Media Advertising
With a less than rosy outlook, it’s essential that every mortgage loan officer maintain an edge on the competition. Now is the time to be more strategic and paid social advertising can help loan officers make the most of every marketing penny.
MBA Chart of the Week Feb. 3, 2023: Multifamily Construction/Vacancies
At the end of this week, many of us will begin our annual migration to San Diego and to MBA’s Commercial/Multifamily Finance Convention & Expo (CREF23). There will be no lack of topics to discuss – from return to the office, to the return of retail, and interest in cap rates to interest rate caps.
Dawar Alimi of Lender Price: How Quality APIs Are Helping Lenders Drive Modernization and Operational Efficiency
Dawar Alimi is CEO and Co-Founder of Lender Price, Pasadena, Calif., a provider of cloud-native pricing technology to the lending space. He has more than two decades of mortgage industry expertise, during which he has built industry-leading technology and founded several companies.
Mark P. Dangelo: In the ‘Year of the Rabbit,’ Data is a Slow Tortoise (Part 2)
Digital and industry reimaging has provided a new, integrated product solution defined by equal parts of data sciences, technologies, and business experience. Data-as-a-Product (DaaP) represents a process and organizational mindset-shift for many within financial and mortgage services, yet when adopted, the new revenue generated and efficiencies gained, illustrates the next-gen business cycle.
Dale Larson III of Modex: Three ways to build a better LO team in 2023
The outlook for 2023 remains uncertain – but we can anticipate more change, which necessitates new approaches and solutions. While there is no silver bullet, there are tangible things you can do to meet the moment and strengthen your team in 2023.
Breaking MBA Advocacy Update: CFPB Loses Key IMB Redlining Case
On Friday, a District Court in Chicago ruled in CFPB v. Townstone Financial Inc. and Barry Sturner that the Equal Credit Opportunity Act does not extend to prospective applicants under a plain language reading of the statute.
MBA Advocacy Update Feb. 6 2023
On Wednesday, President Joe Biden and House Speaker Kevin McCarthy (R-CA) began face-to-face debt ceiling discussions, with the latter expressing cautious optimism that the two sides can come to a deal to avoid the first-ever default on the nation’s debt obligations.
Green Street: Commercial Real Estate Fundamentals Healthy
Green Street, Newport Beach, Calif., reported commercial real estate fundamentals mostly proved healthy last year–except for the office sector–and will likely remain so through 2023.