When the mortgage industry is in a constant state of change, it’s important for lenders to stay on top of their game. With new reports coming out every day about market dynamics, competitive pressures, supply shortages and the persisting economic impacts of the global pandemic – mortgage lenders may be seeking ways to remain profitable and compliant.
Category: News and Trends
Dale Larson III of Modex: The Data-Driven Evolution of Loan Officer Hiring
According to a 2019 McKinsey study, lack of production data is the number one cause of poor hiring decisions across the mortgage industry.
FHFA Announces Update for Services to Maintain Fair Lending Data
The Federal Housing Finance Agency on Wednesday announced Fannie Mae and Freddie Mac will require servicers to obtain and maintain fair lending data on their loans, and for this data to transfer with servicing throughout the mortgage term.
Fitch: Stagflation Threatens Commercial Real Estate Values
Stagflation could lead to lower U.S. commercial real estate valuations, said Fitch Ratings, New York.
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.
Ginnie Mae Outlines Plan to Fight Housing Costs, Boost Housing Supply
Ginnie Mae on Wednesday said it will take on a larger role in HUD’s efforts to fight rising housing costs and boost housing supply, releasing a Fact Sheet outlining its efforts to drive liquidity toward equitable and affordable housing.
July Consumer Prices Stabilize; Rise 8.5% Annually
The Consumer Price Index, a closely watched measure of inflation, was unchanged in July on a seasonally adjusted basis after rising 1.3 percent in June, the Bureau of Labor Statistics reported Wednesday. Over the past 12 months, the all-items index increased by 8.5 percent before seasonal adjustment.
Dealmaker: BWE Secures $100M for Orange County Multifamily
Bellwether Enterprise Real Estate Capital LLC, Cleveland, closed a $100 million construction-permanent loan to finance Cloud House, a Class A residential development in Stanton, Calif.
Housing Market Roundup Aug. 10, 2022: More Home Listings ‘Stale;’ Opportunity Zone Home Prices Lag
Here’s a quick roundup of housing market stories this week:
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.