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
Doug Wilber of Denim Social: 3 Social Media Trends for Mortgage Marketers to Watch in 2023
As mortgage marketers eagerly look to put ‘22 in the rearview mirror, now’s the time to start plotting a competitive social media strategy for ‘23. So, if you’re wondering, “what’s next?”, you’re not alone.
MBA Advocacy Update Nov. 28, 2022
HUD issued updates to FHA mandatory flood insurance requirements and withdrew the mandatory use date for its FHA Catalyst EAD Module. Also, MBA last week participated in a White House meeting on tenant protections. Read more about these below:
Quote
“House prices have already begun to adjust to the reality of higher mortgage rates in many markets, which will help bring more balance to the housing market heading into 2023. Potential home sellers gained significant amounts of equity over the pandemic, so even as affordability-constrained buyer demand spurs price declines in some markets, potential sellers are unlikely to lose all that they have gained.”
–Mark Fleming, Chief Economist with First American Financial Corp., Santa Ana, Calif.
MBA Chart of the Week: Thanksgiving Price Inflation
Our Thanksgiving edition of Chart of the Week focuses on four major food and beverage items popular for the occasion – turkey, potatoes, baked goods and wine. Consistent with the broader inflationary environment, prices for these products, as measured by the Consumer Price Index have seen significant growth over the past year.
Souren Sarkar, CMB of Nexval on Business Process Outsourcing
Souren Sarkar, CMB, is the president and co-founder of Nexval, a provider of technology-enabled mortgage services and fintech innovation for the financial services industry.
MBA News
CREF23; MBA Education HMDA Data Integrity Webinar; School of Mortgage Banking; DEI Playbook. To read more, click on the headline:
Dave Miller of Cenlar: Industry Outlook for Mortgage Servicing
More originators will look to partner with servicers that have the expertise to manage the regulatory and compliance requirements, which is undeniably the most critical factor to consider when choosing a servicer.
Veronica Nguyen of BeSmartee: Crafting a Strategy After a Bloody Year
While no one has a magic ball that can tell us when the market will pick up again, it’s a good idea for executives at financial institutions to rethink and consider what a realistic strategy looks like moving forward in a low market as well as a high market.
MBA Advocacy Update Nov. 28, 2022
HUD issued updates to FHA mandatory flood insurance requirements and withdrew the mandatory use date for its FHA Catalyst EAD Module. Also, MBA last week participated in a White House meeting on tenant protections. Read more about these below: