Sales Boomerang, Owings Mills, Md., and Mortgage Coach, Irvine, Calif., appointed Shelli Holland as Chief People Officer. She will help define and connect the mission and values of the merged company and align the people behind them.
Category: News and Trends
Rafael DeLeon of Ncontracts: 3 Things You Should Know About Fair Lending Compliance
Here are three key takeaways that mortgage companies should know to help meet compliance requirements and protect borrowers and their organizations in the process.
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“Today’s report will not lead the Fed to quickly change course with respect to the path of interest rates, and we expect a 25-basis-point hike at the next meeting. Mortgage rates are off their highs from last year and we expect them to trend down over the course of 2023.”
–MBA Chief Economist Mike Fratantoni.
MBA CREF Outlook Survey: Unsettled Markets to Dissipate in 2023
Commercial and multifamily mortgage originators are experiencing an unsettled market for borrowing and lending but anticipate those conditions will slowly stabilize over the course of this year, the Mortgage Bankers Association’s 2023 Commercial Real Estate Finance Outlook Survey found.
MBA News Jan. 9, 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.
Ron Vaimberg: Why Most Originators Are Focused on the Wrong Problem
The reality is that market has been very strong for so long that many originators took for granted that they could do the same things and still produce the same results. But as they’re now finding out, that was never going to be the case.
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.
Mark P. Dangelo: In the ‘Year of the Rabbit,’ Data is a Slow Tortoise (Part 1)
Academics, consultants, and vendors advocate for “data-driven” enterprises underpinned by augmented analytics, adaptative AI/ML, digital ethics, consumer privacy, and AI security. Yet, as the pace of innovation rises across financial markets and consumer models, the organizational capabilities of leveraging data are declining. What is wrong with this picture?
Master-Planned Communities See Sales Decline
RCLCO, Bethesda, Md., reported master-planned communities–just like the broader U.S. housing market–saw a decline in home sales last year compared to 2021.
December Private-Sector Employment Up 235,000; Initial Claims at 4-Month Low
Two reports on Thursday show a strong, resilient jobs market despite inflation concerns and volatile economic conditions.