Category: News and Trends

Quote

“For the second quarter in a row, the mortgage delinquency rate fell to its lowest level since MBA’s survey began in 1979. Foreclosure starts and loans in the process of foreclosure also dropped in the third quarter to levels further below their historical averages. The relatively small number of seriously delinquent homeowners are working with their mortgage servicers to find foreclosure alternatives, including loan workouts that allow for home retention.”
–Marina Walsh, CMB, MBA Vice President of Industry Analysis.

| By MBA NewsLink Staff

Quote

“For the second quarter in a row, the mortgage delinquency rate fell to its lowest level since MBA’s survey began in 1979. Foreclosure starts and loans in the process of foreclosure also dropped in the third quarter to levels further below their historical averages. The relatively small number of seriously delinquent homeowners are working with their mortgage servicers to find foreclosure alternatives, including loan workouts that allow for home retention.”
–Marina Walsh, CMB, MBA Vice President of Industry Analysis.

| By MBA NewsLink Staff

MBA Announces 2023 Affordable Homeownership Advisory Council Membership

The Mortgage Bankers Association announced members of its 2023 Affordable Homeownership Advisory Council. The Affordable Homeownership Advisory Council was formed in 2019 to provide important strategic and practical guidance to MBA’s CONVERGENCE Initiative, the association’s affordable housing effort.

| By MBA NewsLink Staff

Mark P. Dangelo: Data Ecosystems and Fabrics are the New ROI—Not Systems

Why does innovation and technology ROIs continue to disappoint? ROI efficacy has become the symptom of the problem as the bullseye of measure is no longer fixed on the application, the cloud solution, or the innovation delivered. The rise of digital ecosystems has permanently altered the ROI discussions and evaluations—and the investment strategies deployed.

| By MBA NewsLink Staff

Tom Lamalfa: MBA Annual Convention & Expo Survey Report and Scorecard

What follows are the findings of a semi-annual survey of senior mortgage banking executives. The surveys, which were conducted in mid-October, were of mortgage veterans at 33 different mortgage companies — 17 financial intermediaries, largely commercial banks; and 16 non-banks, independent mortgage banks or IMBs.

| By MBA NewsLink Staff

Scott Roller: Heard it in Nashville – Worry, Panic and Opportunity

So, I headed to Nashville for the 2022 MBA Annual Convention and Expo, expecting to fully partake in all the excitement that Music City has to offer. Mission accomplished, but not surprised to also witness the build-up to the industry’s looming game of musical chairs.

| By MBA NewsLink Staff

John Sarris of Sourcepoint: Are Lenders Ready for the Great Cost Reset?

A few mortgage executives are embracing a more holistic strategy that goes beyond these all-too-familiar and destructive tactics—cost transformation. But what is it, exactly? More importantly, how can it help lenders operate more efficiently regardless of market shifts?

| By MBA NewsLink Staff

MBA Announces 2023 Affordable Homeownership Advisory Council Membership

The Mortgage Bankers Association announced members of its 2023 Affordable Homeownership Advisory Council. The Affordable Homeownership Advisory Council was formed in 2019 to provide important strategic and practical guidance to MBA’s CONVERGENCE Initiative, the association’s affordable housing effort.

| By MBA NewsLink Staff