Appraisal bias, or when an appraiser considers illegal factors such as the race of the homeowner or the racial makeup of a neighborhood when determining the fair market value of a property, doesn’t sound like a problem that should occur in 2022, but it regularly does.
Category: News and Trends
Quote
“The number of job openings decreased in August sharply. This does suggest that employers are first moving to eliminate those openings and slow the pace of hiring before turning to layoffs as the economy cools. We expect the Federal Reserve will increase rates by at least another 50 basis points in November and could do more if inflation fails to decelerate.”
–MBA Chief Economist Mike Fratantoni.
Shelley Leonard and James Owens, CMT, of Xactus on Trends in Mortgage Technology
Shelley Leonard is President of Xactus, Broomall, Pa., a provider of verification for the mortgage industry, and is also a member of the Board of Directors. James Owens is Chief Technology Officer with Xactus.
MBA Premier Member Profile: Constellation Mortgage Solutions
Constellation Mortgage Solutions provides industry-leading lending technology solutions through its products: Mortgage Builder LOS, Mortgage Builder LSS, ReverseVision LOS and our new LOS – NOVA.
Jim Voth of Falcon Capital Advisors on Digital Mortgage Adoption
Jim Voth leads the Digital Mortgage practice at Falcon Capital Advisors, Washington, D.C., where he manages digital transformation engagements for GSE, government and banking clients.
Call for Speakers: MBA Servicing Solutions Conference & Expo: Deadline Oct. 14
Speaking opportunities for breakout sessions continue to be accepted for The Mortgage Bankers Association’s Servicing Solutions Conference & Expo 2023, taking place February 21–24 at Hyatt Regency Orlando.
MBA Mortgage Action Alliance Call to Action Urges Senate Support of Bill to Streamline VA Appraisals
The Mortgage Bankers Association’s grassroots advocacy arm, the Mortgage Action Alliance, issued a Call to Action Thursday, urging its members to contact their senators in support of a bill that would streamline the appraisal process for Department of Veterans’ Affairs mortgage loans.
Initial Claims Jump to 4-Month High
Initial claims for unemployment insurance jumped to their highest rate since June amid fallout from Hurricane Ianin Florida, the Labor Department reported Thursday.
MISMO President Seth Appleton, Board Chair Gary Clark Named HousingWire Vanguard Award Winners
MISMO®, the real estate finance industry standards organization, announced President Seth Appleton and 2022 MISMO Board Chair Gary Clark, CMB, who recently retired after a more than 30-year career as a senior industry executive, were recognized as 2022 HousingWire Vanguard award winners.
Small-Cap Real Estate Leasing Conditions Waver
Boxwood Means LLC, Stamford, Conn., said current stability of small-cap commercial real estate leasing conditions could be at risk.