Mortgage rates fell sharply last week, and borrowers—particularly those looking to refinance—took advantage, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending January 6.
Category: News and Trends
Industry Briefs Jan. 12, 2023: Flueid, FirstClose Integrate on Home Equity Closings
Flueid, a real estate technology company using title data and insights to provide transactions, announced an integration with FirstClose Inc., Austin, Texas, a provider of fintech platforms for home equity lenders nationwide.
Susan Graham of FICS: Retaining Servicing Provides Competitive Advantage to Lenders in Challenging Mortgage Market
Servicing retention generates servicing fee income and helps servicers improve the customer experience. Modern loan servicing software automates investor reporting and compliance and creates a more efficient workflow, allowing servicers to effectively service loans in-house.
MBA News Jan. 12, 2023
Today in MBA News: CREF23; MBA Education School of Mortgage Banking I; MBA Education Certified Mortgage Bankers Prep Course; MBA State Commercial Mortgage Licensing Resources. To read more, click on today’s MBA News headline.
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.
Wes Slocum of Accenture Credit Services: Reflections on an Incredible Year
A year that started out on a high from record-breaking originations, has now come to a close with the industry taking a long look at how to press forward. At first blush, the next two years are likely to be challenging, but I lean more towards the optimistic view and see this time period as one filled with opportunity.
Scott Roller: Must-See Home Equity Vendor Solutions
In their cyclical fashion, most lenders are dusting off some antiquated home equity programs, most having spent no energy to prepare for this market opportunity. Given the past few years of overflowing refi pipelines, that is not surprising. Why plant corn if the market price for soybeans is breaking records? Conversely, multiple vendors have set themselves up to help lenders and credit unions successfully market, process, service and trade home equity loans and HELOCs.
MBA Weekly Survey Jan. 11, 2023: Rates Down, Refis Up
Mortgage rates fell sharply last week, and borrowers—particularly those looking to refinance—took advantage, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending January 6.
Lender Intentions Survey: Less Origination Activity Expected
Lenders cite rising interest rates, a looming recession and possible lower property valuations as their greatest challenges at the moment, reported CBRE, Dallas.
Dealmaker: Grandbridge Closes $81M Senior Living Sale
Grandbridge Real Estate Capital, Charlotte, N.C., sold The Arlington at Naples, a 298-unit continuing care retirement community in Naples, Fla., for $81 million.