Curtis Richins is President & CEO of Mortgage Capital Trading and Agile Trading Technologies, San Diego. He is experienced in international finance, marketing, risk management and business operations. He has worked extensively in Europe, in addition to his U.S.-based mortgage banking experience.
Category: News and Trends
Quote
“Every loan is precious, and the incentives to take shortcuts to make non-prudent loans are high. The inclination is to stretch the credit box to goose volumes; or take shortcuts to push more loans through, more quickly. But that’s where you come in—holding the line to protect your companies.”
–MBA President & CEO Bob Broeksmit, CMB.
MBA Chart of the Week: Rent Growth–Year-over-Year Percentage Change
This week’s MBA Chart of the Week highlights a question related to housing costs and inflation: If home price appreciation and rent growth have been in double digits in the past few quarters—as highlighted by the (blue lined) Zillow Observed Rent Index in the chart—why is the shelter component (orange line) of the Consumer Price Index below 6%?
Tony Thompson, CMB, of NAMMBA: DIVERSIFi is the Road Map for Lending and Realtors in 2023
NAMMBA and iEmergent have been working to create a tool (called Diversifi) that will allow anyone in the real estate finance business to better understand the market they serve, reach more of that market and create connections and relationships with them.
MBA Education Path to Diversity Scholar Profile: Kim King, AMP
(One of a continuing series of profiles of participants in the MBA Education Path to Diversity (P2D) Scholarship Program, which enables employees from diverse backgrounds to advance their professional growth and career development.)
Rhonda McGill of PerformLine: Mitigating Compliance Risks in the Mortgage Industry
Each quarter, PerformLine hosts a regulatory compliance roundtable for the mortgage industry that gathers mortgage professionals to have open and productive conversations about the challenges they’re facing in the regulatory environment and best practices for ensuring compliance and consumer protection.
MBA Advocacy Update Sept. 12 2022
On Tuesday, MBA submitted a letter to FHA leadership detailing member recommendations on improving the FHA 203(k) Mortgage Rehabilitation Insurance Program. And on Friday, MBA released a new white paper, A Framework for Considering Office Demand in a Post-Pandemic World, which details relative benefits and costs of remote and in-person work to employees and employers and analyzes the outlook for the office sector and potential impacts to commercial mortgage loan volume and property values.
Home Building Increases in Disaster-Prone Areas
More than half of homes built today face fire risk, compared to 14% of homes built from 1900 to 1959, as suburbanization and a shift to the Sun Belt push builders into more vulnerable areas, said Redfin, Seattle.
CMBS Loan Delinquency Rate Drops Below 2%
Fitch Ratings, New York, said the commercial mortgage-backed securities delinquency rate fell eight basis points in August to 1.97% due to continued strong resolutions and fewer new delinquencies.
MBA Chart of the Week: Rent Growth–Year-over-Year Percentage Change
This week’s MBA Chart of the Week highlights a question related to housing costs and inflation: If home price appreciation and rent growth have been in double digits in the past few quarters—as highlighted by the (blue lined) Zillow Observed Rent Index in the chart—why is the shelter component (orange line) of the Consumer Price Index below 6%?