TransUnion, Chicago, said the first half of 2022 concluded with a normalization in serious delinquency rates to pre-pandemic levels for most credit products as lenders continued to expand access to credit cards and personal loans.
Category: News and Trends
Multifamily Sector Fundamentals Could Moderate
After six months of healthy growth in multifamily fundamentals, Freddie Mac, McLean, Va., said the sector’s growth could moderate through the remainder of 2022.
Ahead of MBA Survey, Reports Show Drops in Delinquencies, Foreclosures
Ahead of this Thursday’s release of the quarterly MBA National Delinquency Survey, reports from CoreLogic, Irvine, Calif., and ATTOM, Irvine, show declines in both mortgage delinquencies and foreclosure activity.
CSBS Releases Nonbank Cybersecurity Exam Procedures
The Conference of State Bank Supervisors on Tuesday released two new tools for nonbank financial services companies to improve their cybersecurity posture.
Dealmaker: Northmarq Structures $46M Multifamily Portfolio Refinance
Northmarq’s San Francisco office secured $46 million to refinance a three-property multifamily portfolio in Pleasanton, Calif.
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.
Former House Speaker Paul Ryan Keynotes MBA Annnual22 Opening General Session
Former House Speaker Paul Ryan, R-Wis., keynotes the Opening General Session at the Mortgage Bankers Association’s Annual Convention & Expo on Monday, Oct. 24 at 8:30 a.m. CT.
Quote
“The purchase market continues to experience a slowdown, despite the strong job market. Activity has now fallen in five of the last six weeks, as buyers remain on the sidelines due to still-challenging affordability conditions and doubts about the strength of the economy,”
–Joel Kan, MBA Associate Vice President of Economic and Industry Forecasting.
July Mortgage Credit Availability at 9-Year Low
Mortgage credit availability fell for the fifth straight month in July to its lowest level in nine years, the Mortgage Bankers Association reported Tuesday.
Jennifer Dozier: Four Ways for Mortgage Lenders to Maintain a Competitive Advantage During a Volatile Market
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.