NASHVILLE, TENN.—The current mortgage fraud environment is evolving, with new risks emerging in a post-pandemic environment, analysts said here at the MBA Risk Management QA and Fraud Prevention Forum.
Category: News and Trends
Dealmaker: Sonnenblick-Eichner Arranges $82M in Key West
Sonnenblick-Eichner Co., Beverly Hills, Calif., arranged an $82.4 million fixed-rate first mortgage for the Ocean Key Resort & Spa in Key West, Fla.
Initial Claims Fall 5th Straight Week to 4-Month Low
Initial claims for unemployment insurance fell for the fifth straight week, the Labor Department reported Thursday, falling to their lowest level since May.
Freddie Mac Apartment Investment Index Falls
Freddie Mac, McLean, Va., said multifamily market investment conditions continued their deterioration in the second quarter as price appreciation and rising mortgage rates more than offset net operating income growth.
Industry Briefs Sept. 16, 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.
Former House Speaker Paul Ryan Keynotes MBA Annual22 Opening General Session
Former House Speaker Paul Ryan, R-Wis., keynotes the Opening General Session at the Mortgage Bankers Association’s Annual Convention & Expo on Monday, Oct. 24 at 8:30 a.m. CT.
Quote
“There still exists an overall housing shortage, which is keeping vacancy rates low and rents high.”
–Steve Guggenmos, Vice President of Research & Modeling with Freddie Mac Multifamily.
#MBARMQA22: Risk Management Executive Perspectives
Mortgage executives here at the MBA Risk Management, QA and Fraud Prevention Forum offered insights on leading their organizations through today’s lending environment, maintaining quality operations, managing credit risk and governing organizations in unpredictable times.