Biz2Credit, New York, announced findings of its Small Business Inflation Study that analyzed the revenues and expenditures of more than 140,000 U.S. small businesses from January 2019 to October 2022.
Category: News and Trends
Quote: Jan. 19, 2023
“The housing market is still in need of more starter and entry-level homes, especially when current demographic trends point to the potential for more younger households to enter homeownership in the near future. New construction of these units will help buyers entering the housing market.”
–MBA Vice President and Deputy Chief Economist Joel Kan.
MBA Weekly Survey Jan. 18, 2023: Lowest Rates in 5 Months Spark Jump in Applications
Mortgage rates fell sharply again last week—to their lowest levels since September—and borrowers jumped at the opportunity, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending January 13.
Rob Bayer of Anomaly Squared: Optimize Your Loan Officers’ Time with Call Center Outsourcing
Collaborating closely with those teams who specialize in contacting and qualifying leads quickly is a valuable way towards reaching your conversion goals. Typically, only 5-15% of qualified leads convert. The good news: companies that automate their lead management processes can see up to a 10% increase in revenue in 6-9 months.
Rodney Moss of LoanCare on the New Servicing Environment
Rodney Moss is Executive Vice President of Strategy and Business Development with LoanCare, Virginia Beach, Va.
Ed Austin of SingleSource Property Solutions: The State of Home Equity Lending
Ed Austin is chief operating officer of SingleSource Property Solutions, a provider of property services supporting the U.S. housing industry, where he is responsible for the company’s overall operations and growth.
Operating More Effectively in a Harsh Environment
Excerpted from a recent webinar featuring Tammy Richards of LendArch; Rob Chrisman of The Chrisman Commentary; and Augie Del Rio of Gallus Insights.
Call for Nominations: MBA NewsLink 2023 Tech All-Star Awards; Deadline Jan. 20
The MBA NewsLink 2023 Tech All-Star Awards nomination period is underway. Nominations will be accepted through Friday, Jan. 20.
CoreLogic: Single-Family Rent Growth Falls 7th Straight Month
CoreLogic, Irvine, Calif., reported U.S. single-family rent growth slowed for the seventh consecutive month in November but said growth remains positive.
MBA Weekly Survey Jan. 18, 2023: Lowest Rates in 5 Months Spark Jump in Applications
Mortgage rates fell sharply again last week—to their lowest levels since September—and borrowers jumped at the opportunity, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending January 13.