New reports present a mixed bag on U.S. foreclosures, with CoreLogic, Irvine, Calif., reporting a new low in foreclosure rates, while ATTOM, Irvine, reported an uptick in foreclosure activity.
Category: News and Trends
Dealmaker: Northmarq Completes $62M in Senior Housing, Multifamily Refinances
Northmarq, Minneapolis, refinanced a senior housing community and a multifamily property in transactions totaling $61.9 million.
Bruno Pasceri of Incenter LLC on Changing Mortgage Market Conditions
Bruno Pasceri is President of Incenter LLC, Fort Washington, Pa., which helps mortgage bankers optimize processes and improve performance.
MBA CONVERGENCE Webinar June 23: Understanding and Serving Today’s Buyer
MBA CONVERGENCE presents a timely webinar, Understanding and Serving Today’s Buyer, on Thursday, June 23 from 3:00-4:00 p.m. ET.
Industry Briefs June 15, 2022: OptifiNow Implements CRM Platform for Reverse Mortgage Lender
OptifiNow, Seal Beach, Calif., deployed its custom CRM platform for Reverse Mortgage Lending, a reverse mortgage originator based in San Diego. Reverse Mortgage Lending selected OptifiNow as its CRM platform to manage its marketing campaigns and track loans in process more effectively.
People in the News June 15, 2022: Kathryn Edelen Joins Planet Home Lending as Regional VP
Planet Home Lending LLC, Meriden, Conn., hired Kathryn Edelen as Regional Vice President of Sales. She will manage the Eastern U.S. for Planet and will focus on capturing market share through addition of branches and mortgage loan originators.
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“Mortgage rates followed Treasury yields up in response to higher-than-expected inflation and anticipation that the Federal Reserve will need to raise rates at a faster pace. Despite the increase in rates, application activity rebounded following the Memorial Day holiday week but remained 0.29 percent below pre-holiday levels.”
–Joel Kan, MBA Associate Vice President of Economic and Industry Forecasting.
Matthew Covi of Chimney: Is Homeownership Still the American Dream?
Buying (and now owning) a home can be a challenging endeavor. Our journey started with a year-long search for the right home. We then went through a stressful six-month renovation. And as sticker shock set in, we ended up needing to take out a HELOC to pull it all off. It was by far the biggest investment I’ve made in my life so, of course, the experience had its ups and downs.
Call for Speakers: MBA Annual Convention & Expo; Deadline TODAY
Speaking proposals for breakout sessions are now being accepted for the Mortgage Bankers Association’s Annual Convention & Expo 2022, taking place October 23-26 at Music City Center in Nashville.
Tim Nguyen of BeSmartee: So Many Fintechs, So Little Time–Strategic VOIE Automation
As fintechs explode into the mortgage industry, how do lenders know which digital solutions are best for them?