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:
Category: News and Trends
Quote
“There were pockets of weakness in the November data, despite the forbearance rate remaining unchanged and the overall loan performance of serviced loans staying mostly flat.”
–Marina Walsh, CMB, MBA Vice President of Industry Analysis.
MBA Advocacy Update Dec. 19, 2022
Last week, MBA submitted a letter to the Federal Housing Finance Agency advocating for an increase to the current area median income thresholds for Fannie Mae and Freddie Mac’s low down payment programs (Home Ready and Home Possible).
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.
MBA Chart of the Week Dec. 16, 2022: Federal Funds Rate Projections
In an effort to increase transparency after the Great Recession, one of the Federal Open Market Committee communication initiatives under Chairman Ben Bernanke was to publish individual members’ assessments of the economy in the Summary of Economic Projections. In this week’s MBA Chart of the Week, we track changes in policymakers’ quarterly published SEP forecasts of the federal funds rate over the past eight quarters.
MBA News Dec. 20, 2022
Today in MBA News: MBA Servicing Solutions Conference & Expo; MBA Education CMB Prep Course; MBA Education Webinar–Fundamentals of Mortgage Banking for Servicing Professionals; MBA Mortgage Action Alliance. To read more, click on today’s MBA News headline.
People in the News Dec. 20, 2022: MBA Chairman Matt Rocco Moves to Colliers Mortgage
Colliers Mortgage, the debt financing arm of Colliers U.S., hired Matt Rocco as its President. He will work with the Colliers Mortgage team to further build its business across the country and secure additional licenses and lenders.
Joe Welu of Total Expert: How to Motivate Employees to Embrace New Technologies
Implementing a new technology or process during uncertain economic times might seem counterintuitive. However, improving internal workflows to be more efficient and effective is precisely the move that lenders should consider as they plan for the year ahead.
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.
Home Buyers See Signs of Affordability Relief
Zillow, Seattle, said U.S. home values are easing down, starting to provide relief for potential home buyers facing affordability challenges.