The Mortgage Bankers Association’s annual Accounting and Financial Management Conference takes place Nov. 8-10 at the JW Marriott Phoenix Desert Ridge.
Category: News and Trends
Dealmaker: GIC, Oak Street to Acquire STORE Capital in $14B Transaction
Singaporean sovereign wealth fund GIC and net lease investor Oak Street, Chicago, agreed to acquire net-lease real estate investment trust STORE Capital, Scottsdale, Ariz., in a $14 billion all-cash transaction.
Doug Wilber of Denim Social: How to Stay Top of Mind (and Competitive) with Social Selling
Social selling requires continual care and management, but it’s worth the investment of time, and effort when you’re using social to drive business results. A daily social selling routine helps loan officers in so many ways and managing a program doesn’t have to be overwhelming.
Quote
“Homebuyers have more power than they’ve had since the ‘before times.”Unfortunately, it’s increasingly hard for buyers to make use of their newfound power thanks to the affordability pressures of rising mortgage rates and a dearth of homes being listed for sale.”
–Taylor Marr, Deputy Chief Economist with Redfin, Seattle.
Industry Briefs Sept. 19, 2022: HUD Announces $12.5 Million Funding Opportunity to Expand Access to Affordable Homeownership
HUD announced availability of $12.5 million through the Self-Help Homeownership Opportunity Program for eligible national and regional non-profit organizations and consortia with experience providing or facilitating self-help housing opportunities.
Laird Nossuli of iEmergent: Neither Risky Nor Mysterious, SPCPs are Evidence-Based Lending
As someone who has been advising lenders on market strategy for years, I can say that developing SPCPs is neither risky nor mysterious when driven by sound data. Like any well-designed lending program, SPCPs require engaging in intentional, market data-based product design and performance evaluation — a practice that every lender could benefit from if it is not already.
MBA Education Path to Diversity Scholar Profile: Kimberly Phegley
Kimberly Phegley joined FirstBank in 2017 and currently serves as the company’s Chief Audit Executive. She is responsible for leading and managing an effective, risk-based audit strategy for all the bank’s businesses and corporate functions.
Sam Verma of PrivoCorp: Key Factors to Consider When Choosing a Mortgage Outsourcing Partner
One way for lenders to manage productivity while responding proactively is to join hands with reliable mortgage processing partners who can offer strong support and let lenders focus on market expansion.
MISMO Seeks Nominations for Standards Governance Committee Members
MISMO® seeks nominations for qualified industry professionals to serve on MISMO’s Standards Governance Committees for a two-year term beginning in January 2023. Positions are available on both the Residential and Commercial Standards Governance Committees.
FHA Pauses Effective Date for Catalyst EAD Module
FHA on Thursday announced a pause in the mandatory effective date for its Electronic Appraisal Delivery Module, saying it is “reassessing aspects of [its] development and implementation.”