“The overall forbearance rate in June stayed relatively flat with just a 4-basis-point decline from May. Borrowers continue to exit forbearance, but at a much slower pace than six or nine months ago.”
–Marina Walsh, CMB, MBA Vice President of Industry Analysis.
Last Monday, MBA and a broad coalition of business interests sent a joint letter to congressional leaders stressing strong opposition to tax increases targeted at “pass-through” small business entities. Later in the week, Senator Joe Manchin, D-W.V., also weighed in on tax matters, reportedly casting serious doubt on the future of tax provisions as part of any “slimmed-down” Build Back Better reconciliation package.
MBA’s annual Servicing Operations Study and Forum includes a deep-dive analysis and discussion of servicing costs, productivity, portfolio activity and operational metrics for in‐house servicers. This week’s MBA Chart of the Week shows 2021 fully loaded servicing costs, which include three components: direct expenses; unreimbursed foreclosure, REO and other default costs; and corporate administration costs.
Jim Rosen is Executive Vice-President of Services at Mortgage Cadence and has more than 20 years of experience in the mortgage software and services industry. He has been with Mortgage Cadence for nearly eight years and was instrumental in launch of the company’s new MCP loan origination platform.
With the vast amount of information required to approve a mortgage/home loan, it’s the responsibility of the lenders to ensure that the privacy of the information collected from the borrower is maintained.
Salesforce is the #1 CRM, bringing companies and customers together in the digital age.
Akerman LLP announced expansion of its Real Estate Practice Group with partner Nailah Tatum in Tallahassee, Fla.
The reality is that most lenders will see their volumes drop regardless of what they do, so they are also looking for additional strategies for staying profitable; one place to affect meaningful change is in lowering existing operational costs.
Jeff Coles is Vice President of Institutional Client Services with Berkadia, Washington, D.C. He leads Berkadia’s Single-Family Rental & Built-for-Rent specialty.
On Monday, MBA and a broad coalition of business interests sent a joint letter to congressional leaders stressing strong opposition to tax increases targeted at “pass-through” small business entities. Later in the week, Senator Joe Manchin (D-WV) also weighed in on tax matters, reportedly casting serious doubt on the future of tax provisions as part of any “slimmed-down” Build Back Better reconciliation package.
