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.
Category: News and Trends
MBA Education Launches AMP Credly Badge
MBA Education recently launched the AMP Credly Badge, a digital badge for mortgage professionals who have earned the Accredited Mortgage Professional (AMP) designation.
GDP: 2Q Pace of Slowing Decreases
The U.S. economy continued to slow in the second quarter, the Bureau of Economic Analysis reported Thursday, although not at a pace as dramatically earlier this summer.
Initial Claims Dip for 2nd Week
Initial claims for unemployment insurance fell for the second straight week, the Labor Department reported Thursday.
CoreLogic: 30 Years After Hurricane Andrew, Problems Persist for Insurance, Mortgage Industries
CoreLogic, Irvine, Calif., said in the 30 years since Hurricane Andrew devastated much of South Florida, the risk management landscape has evolved “tremendously.” But many questions remain—and with South Florida still a popular place to live, many of the risks from 1992 still exist today.
Commercial Property Price Growth Cools Off
Real Capital Analytics, New York, said commercial real estate price growth faded in July, though most indexes still showed double-digit gains.
Dealmaker: Eastern Union Arranges $54M for Indianapolis Multifamily
Eastern Union, New York, arranged $54 million in acquisition financing for a three-property multifamily portfolio in Indianapolis. The portfolio’s apartment count totals 628 units.
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).
‘Coach K’ to Keynote MBA Annual22
Using insights, inspirations and proven principles he has applied to his legendary teams and coaching career, Mike Krzyzewski (Coach K) sits down with 2023 MBA Chairman Matt Rocco to discuss clear, passionate guidelines on reaching for and achieving success at the MBA Annual Convention & Expo on Tuesday, Oct. 25.
Quote
“If Hurricane Andrew were to occur again today, given the severity of the event and the now higher exposure, we would expect to see significant increases in mortgage delinquency.”
–From a CoreLogic report examining risk management practices 30 years after Hurricane Andrew devastated South Florida.