Eastern Mortgage Capital, Burlington, Mass., provided $61 million for multifamily properties in Connecticut and Maine.
Category: News and Trends
MISMO Issues Reporting Guide on Forbearance Data Exchange
MISMO®, the real estate finance industry standards organization, launched a new guide and sample credit response to help industry professionals using MISMO Reference Models v3.4 and v3.5 better report on loans that have been in or are in forbearance.
Quote
“Under a backdrop of a tight labor market and elevated inflation, monthly job gains are closer to pre-pandemic levels. The job growth rate of hiring has tempered across all industries, while small businesses remain a source of concern as they struggle to keep up with larger firms that have been booming as of late.”
–Nela Richardson, chief economist with ADP, Roseland, N.J.
Clint Salisbury of Wolters Kluwer: Improving the Lender Experience with Digital Mortgage Innovation
First impressions are important, but last impressions can have a bigger impact. The closing ceremony is often one of the borrower’s last interactions with the lender, making it one of the most important steps in the mortgage process in relation to the borrower’s experience.
Industry Briefs June 3, 2022: Talk’uments Launches Digital Language Services in Six Languages
Limited English Proficiency technology provider Talk’uments, Chevy Chase, Md., now offers digital language services to mortgage lenders in English, Spanish and Mandarin (Chinese), and plans to introduce services in Vietnamese, Korean and Tagalog by the end of the year.
MISMO Seeks Public Comment on Life of Loan Process Model
MISMO®, the real estate finance industry standards organization, seeks public comment on its latest version of the MISMO Life of Loan Process Model. The 60-day comment period will run through August 1.
MBA CREF Market Intelligence Symposium June 15-16
The Mortgage Bankers Association’s annual CREF Market Intelligence Symposium takes place June 15-16.
Patrick Gluesing: After Rapids of Refinance, Quality Mortgages Calm the Waters
For the past two years, as rates plummeted to historical lows—due largely to outside factors—originators and servicers have enjoyed the rushing rapids of origination volume. Now that rates are rising and refi volumes have slowed, organizations need to find other areas of growth, such as non-QM loans and mortgage servicing rights.
MBA CONVERGENCE Partner Profile: Dan Ticona of Freddie Mac
Dan Ticona leads the Housing Solutions team within the Single-Family Client and Community Engagement division at Freddie Mac, McLean, Va., focused on developing innovative solutions to reduce barriers to homeownership.
MBA Home For All Pledge Partner: CoreLogic
(One in a series of profiles of MBA member companies that have signed the MBA Home For All Pledge, an initiative to promote inclusion in housing.)