Singer-songwriter Darius Rucker takes the Concert MBA stage at the MBA Annual Convention & Expo in Nashville.
Category: News and Trends
Chris Joles of Planet Home Lending: Finding the ‘S’ in Mortgage Banking
Although it’s called Social, the S in ESG isn’t about social media so much as it’s about social intelligence and social responsibility.
Quote
“Soaring mortgage rates are throwing a wrench into prospective buyers’ plans. Many would-be buyers are dropping out of the market because they can no longer afford the home they want, resulting in a dramatic dip in home sales.”
–Redfin Senior Economist Sheharyar Bokhari.
MBA Weekly Survey Oct. 5, 2022: Applications Fall to 25-Year Low
Mortgage applications took a huge hit last week, falling to their lowest level in 25 years as interest rates rose to their highest level since 2006, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending September 30.
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.
Sponsored Content from ACI Worldwide: The Shift to Mobile: Mortgage Borrowers’ Evolving Payment Preferences
Consumer research sheds light on shifting payment trends offering lenders opportunities to improve customer engagement and drive more self-serve.
MBA Weekly Survey Oct. 5, 2022: Applications Fall to 25-Year Low
Mortgage applications took a huge hit last week, falling to their lowest level in 25 years as interest rates rose to their highest level since 2006, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending September 30.
Analysis: Flood Risks Having Growing Influence on Home Buyers
Zillow, Seattle, in partnership with ClimateCheck, reported areas with increased flood risk also see an increase in mortgage denials and in would-be borrowers withdrawing their mortgage applications, even after controlling for income and property value.
HUD Report Assesses ‘Limited Supply’ of Small Mortgage Lending; Issues RFI
HUD on Tuesday issued a report assessing factors that limit supply of small mortgage loans and the impact to affordable homeownership for those interested in lower-priced homes.
August Job Openings Down Sharply
In the first of four major jobs reports this week, the Bureau of Labor Statistics reported job openings plunged by more than 10 percent in August—a sign that the U.S. labor gap is starting to normalize.