Stephen Ryczek drives product and technology initiatives at Constellation Mortgage Solutions, West Palm Beach, Fla. As President since 2019, he is positioning the company as a leading digital enterprise loan origination and servicing technology for the residential mortgage industry. He also plays a key role with CMS’ parent company – Constellation Software Inc.
Category: News and Trends
MBA Issues Annual ‘State of the Association’
The Mortgage Bankers Association released its annual State of the Association, featuring a look back at key issues affecting the real estate finance industry in 2022 and the economic and policy outlook for 2023.
Top National News Dec. 23, 2022
Here’s a summary of Top National News Items from major news sites and industry trade publications. To get started, click on the headline above:
Quote
“The announcement of replacement rates for their LIBOR-indexed products today by Fannie Mae and Freddie Mac represents one of the closing milestones in the transition to more robust reference rates to replace LIBOR.”
–Federal Housing Finance Agency Director Sandra Thompson.
November Mortgage Application Payments Fall 1.8% to $1,977
Homebuyer affordability improved in November, with the national median payment applied for by mortgage applicants decreasing 1.8 percent to $1,977 from $2,012 in October, according to the Mortgage Bankers Association’s Purchase Applications Payment Index.
Industry Briefs Dec. 23, 2022: Guild Mortgage Launches Payment Advantage Program
Guild Mortgage, San Diego, introduced Payment Advantage, a new conventional loan program to help homebuyers save on their payments as rates continue to rise.
MBA News Dec. 23, 2022
Today in MBA News: MBA National Advocacy Conference; MBA Education School of Mortgage Banking I online; MBA Education Future Leaders Program; NMLS License Renewal period ends Dec. 31. To read more, click on today’s MBA News headline.
Shannon Faries of Land Gorilla: Expanding Construction Lending Key to Long-Term Growth
Expanding housing inventory, despite higher rates, is the only way out of the housing affordability crisis, which is why the future belongs to lenders with products to finance more building and renovation.
JT Edelen of Equifax: Trends in Employment and Credit Access: Navigating Mortgage Lending Amid Economic Uncertainty
Faced with today’s changing income and employment trends, leveraging expanded datasets can help financial institutions continue to provide fast, confident mortgage lending decisions, expand access to credit and grow their portfolios.
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.