The Federal Housing Finance Agency on Wednesday issued its final rule for Fannie Mae and Freddie Mac that establishes the benchmark levels for their 2023 and 2024 multifamily housing goals.
Category: News and Trends
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“With interest rates skyrocketing and severe declines in volume and profitability, Q2 2022 was the perfect storm for the mortgage industry..The takeaway for lenders moving forward is to double down on quality control and risk mitigation to protect the volume they can capture and ensure buyback requests don’t diminish profits.”
–Trevor Gauthier, CEO of ACES Quality Management, Denver.
Fed Slows Pace of Rate Hikes, But Hints at More
In its final policy meeting of an eventful year, the Federal Open Market Committee on Wednesday raised the federal funds rate for the seventh straight meeting, but by 50 basis points instead of 75 basis points, as it had for the past four times.
MBA Releases Updated Affordable Housing Policy Agenda
The Mortgage Bankers Association this week released the second iteration of its Affordable Housing Policy Agenda.
Some Homeowners Ready to Move, but Feel ‘Stuck’
High mortgage rates and persistently high home prices have a majority of homeowners who want to move feeling stuck in their current homes, according to the Point Homeowner Sentiment and Moving Survey.
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.
MBA News Dec. 16, 2022
Today in MBA News: MISMO Winter Summit; MBA Education School of Mortgage Banking I online; MBA Education webinar, Ten Things Your Company Must Do in 2023; MBA State Commercial Mortgage Licensing Resources. To read more, click on today’s MBA News headline.
Murali Tirupati of Vaultedge: Leveraging Automation to Maximize ROI on MSR Transfers in a Hot Market
While MSR portfolio purchase drives asset growth for buyers, it also brings its fair share of risks and cost & quality challenges. The question is, how to leverage tech not only to eliminate these risks but also maximize ROI for the acquired MSR assets.
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.
Fitch: Potential Recession, Scarce Capital to Slow REITs Pandemic Recovery
Fitch Ratings, New York, said challenging economic and financial trends for U.S. real estate investment trusts will continue into 2023 after emerging in 2022.