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.
Category: News and Trends
What to Expect When Expecting Distress: A Special Servicer Roundtable
With interest rate hikes, recession talk and rising inflation defining themes for commercial real estate, MBA NewsLink asked three special servicing executives to get their takes on labor, property and capital market dynamics.
Patrick Kehoe of Messagepoint: Why Now is the Time to Bring Control Over Your Borrower Communications Back In-house
Today’s communications systems make it possible for mortgage servicers to take back control with business users at the helm over the authoring and management process through the point of sending it to the printer or digital systems that deliver or mail the communication. This gives servicers the opportunity to lower costs, reduce operational risk, and set up for a thriving digital future.
October Mortgage Application Payments Rise 3.7 Percent to $2,012
Homebuyer affordability continued its downward trajectory in October, as the national median payment applied for by applicants increased 3.7 percent to $2,012 from $1,941 in September, according to the Mortgage Bankers Association’s Purchase Applications Payment Index.
MBA: October Share of Mortgage Loans In Forbearance Up Slightly
The Mortgage Bankers Association’s monthly Loan Monitoring Survey reported loans in forbearance increased by 1 basis point to 0.70% of servicers’ portfolio volume from 0.69% in the prior month as of October 31.
Today’s Top National News
Here’s a summary of Top National News Items from major news sites and industry trade publications. To read more, click on the headline:
HUD Increase Flood Insurance Options for FHA Mortgage Holders in Special Flood Areas
HUD on Monday announced it will allow homeowners with FHA-insured mortgage financing to obtain flood insurance policies that conform to FHA requirements from private insurance providers.
MBA News
MISMO Winter Summit; MBA Education School of Mortgage Banking in Tempe, Ariz.; NMLS License Renewal Period; MBA Education Workshop: Fundamentals of Mortgage Banking for Servicing Professionals. To read more, click on the headline:
People in the News Nov. 22, 2022: Cenlar Promotes Nayda McKain to Vice President/HR Business Partner
Cenlar FSB, Ewing, N.J., promoted Nayda McKain to Vice President and Human Resources Business Partner.
Dealmaker: iBorrow Provides $26M for Retail, Student Housing
iBorrow, Los Angeles, provided $26.2 million in financing for a California retail center and a Texas student housing property.