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.
Category: News and Trends
MBA: 2Q Mortgage Delinquency Rate at Record Low
The second quarter mortgage delinquency rate fell to a record low—even beating out pre-pandemic lows—the Mortgage Bankers Association reported Thursday.
Just Announced: ‘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.
People in the News Aug. 12, 2022: FHFA Taps Naa Awaa Tagoe as Deputy Director
The Federal Housing Finance Agency promoted three employees to its executive staff. Naa Awaa Tagoe will serve as the Deputy Director for the Division of Housing Mission and Goals; Joshua Stallings will become Deputy Director for the Division of Bank Regulation; and Chris Dickerson will continue in his role as Senior Advisor to the Director in a permanent capacity.
Quote
“Foreclosure inventory levels and foreclosure starts remain well below historical averages for the survey – a strong indication that servicers are able to help delinquent borrowers find alternatives to foreclosure. Such alternatives include curing, loan workouts, home sales – with possible equity to spare, or cash-for-keys and deed-in-lieu options.”
–Marina Walsh, CMB, MBA Vice President of Industry Analytics.
MBA: 2Q Mortgage Delinquency Rate at Record Low
The second quarter mortgage delinquency rate fell to a record low—even beating out pre-pandemic lows—the Mortgage Bankers Association reported Thursday.
Quote
“Foreclosure inventory levels and foreclosure starts remain well below historical averages for the survey – a strong indication that servicers are able to help delinquent borrowers find alternatives to foreclosure. Such alternatives include curing, loan workouts, home sales – with possible equity to spare, or cash-for-keys and deed-in-lieu options.”
–Marina Walsh, CMB, MBA Vice President of Industry Analytics.
Tom Millon, CMB, and Jeff Johnson: Preventing Loss Mitigation Starts with a Relationship
When borrowers make or miss a payment, their calls usually come through to a loan servicer rather than the lender itself. The servicer must therefore act as an extension of the lender’s business with two main objectives: deliver effective customer care and mitigate loss.
MISMO Dataset Standard for VA Form 26-1880 Request for Certificate of Eligibility Available
MISMO®, the real estate finance industry standards organization, announced availability of a new dataset standard that supports VA Form 26-1880 Request for a Certificate of Eligibility.
Ben Teerlink of MMI: Quality over Quantity–Using Data to Build Strong Referral Partnerships
Lenders with an eye for success will need to rely on strong referral partnerships as the mortgage market cools, stiffening competition for leads and loans. Simply put, the key to referral partnerships is to aim for quality, not quantity.