In this MBA Chart of the Week, we examine how market transitions are affecting homebuyer affordability.
Category: News and Trends
MISMO Updates Loan Application Dataset to Include USDA Guaranteed Loan Application Specification
MISMO®, the real estate finance industry standards organization, released an enhancement to the Industry Loan Application Dataset, an industry standard for the exchange of loan application information.
Sponsored Content from SWBC: The Impact of Rising Interest Rates and Inflation on Reverse Mortgages
With inflation currently at 9.1% and interest rates expected to rise further, reverse mortgages could help senior borrowers with funds for living in place.
MBA Human Resources Symposium Sept. 8-9
The Mortgage Bankers Association’s annual Human Resources Symposium takes place Sept. 8-9 in Arlington, Va.
Quote
“Sellers are coming to terms with the fact that volatile mortgage rates have dampened demand. Some sellers are pricing lower, and some homeowners are staying put because they’re nervous they won’t get a good offer or they’re hesitant to give up their low mortgage rate.”
–Redfin Economics Research Lead Chen Zhao.
Industry Briefs Aug. 29, 2022: STRATMOR GROUP Addresses Challenging Leads Environment
In the mortgage industry’s current environment of rising rates, shrinking volumes and tight-enough-to-choke margins, lenders are faced with making tough decisions in their efforts to “right the ship,” according to mortgage advisory firm STRATMOR Group, Greenwood Village, Colo.
MISMO Releases Bids Wanted in Competition (BWIC) Template for Public Comment
MISMO®, the real estate finance industry standards organization, seeks public comment on a standardized template to facilitate the bidding process for mortgage-backed securities between mortgage originators and dealers for Bids Wanted in Competition (BWIC).
Michael Coar of VirPack: Successfully Navigating the Margin Compression and Market Volatility Wave
While profit margin compression impacts all lenders, smaller lenders often feel the impact more significantly. These lenders may not have the same resources or volume to bear the impact of squeezed profit margins. The question is, in the face of these obstacles, how can mortgage lenders successfully navigate the margin compression and market volatility wave?
Jeff Jaffe of Housing Finance Strategies: Launching Special Purpose Credit Programs
After the death of George Floyd in 2020, many banks and mortgage companies announced commitments to social justice and addressing the persistent homeownership gaps in this country. SPCPs, despite the challenges, can be an effective tool for addressing the gap.
Vinny Souza of Enact Mortgage Insurance; Going Beyond Data-Driven: How Model Outputs are Future Drivers of Decision-Making
While being data-driven is an important milestone for many, it’s time to move forward to the next destination on this digital journey. Let’s talk about making the jump from data-driven decision-making to model-driven decision-making.