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?
Category: News and Trends
MISMO Fall Summit in D.C. Aug. 29-Sept. 1
The MISMO Fall Summit takes place Aug. 29-Sept. 1 at the Fairmont Georgetown Hotel in Washington, D.C.
Quote
“Affordability conditions improved modestly in most of the country in July, as slightly lower mortgage rates and a decrease in the median loan amount led to the typical homebuyer’s mortgage payment falling $49 from June.”
–Edward Seiler, MBA Associate Vice President of Housing Economics and Executive Director of the MBA Research Institute for Housing America.
MBA Weekly Survey Aug. 24, 2022: Applications Fall for 3rd Straight Week
Mortgage applications fell for the third straight week, remaining at their lowest level in 22 years, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending August 19.
MBA Opens Doors Foundation Surpasses 10,000 Families Milestone
The MBA Opens Doors Foundation announced it has helped more than 10,000 families with mortgage and rental assistance since its Home Grant Program launched in 2012.
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.
MBA CONVERGENCE Webinar TODAY: What Does It Cost to Produce a Unit of Housing?
MBA CONVERGENCE presents the next in its webinar series, What Does it Cost to Produce a Unit of Housing? Costs & Elements of Production, on Thursday, Aug. 25 from 2:00-3:00 p.m. ET.
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.
MBA Weekly Survey Aug. 24, 2022: Applications Fall for 3rd Straight Week
Mortgage applications fell for the third straight week, remaining at their lowest level in 22 years, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending August 19.