BREAKING NEWS
Applications Dip Despite Record-Low Rates in MBA Weekly Applications Survey
Despite the lowest 30-year fixed rates in the history of the Mortgage Bankers Association’s Weekly Applications Survey, mortgage applicants appeared to step back for the week ending Oct. 9.
A National Association of Insurance Commissioners working group adopted risk-based capital guidance and reporting instructions to implement the Mortgage Bankers Association/American Council of Life Insurers-proposed Risk-Based Capital reporting of 2020 Net Operating Income.
CoreLogic, Irvine, Calif., reported an increase in overall mortgage delinquency rates in July—and in particular, a spike in serious delinquencies to their highest level in more than six years.
The Mortgage Bankers Association, in a letter this week to the Federal Housing Finance Agency, said FHFA should extend current affordable housing goals for Fannie Mae and Freddie Mac, given current economic uncertainty.
As COVID-19 and government responses continue to drive uncertainty around outcomes and outlooks, MBA Newslink interviewed senior professionals from a credit rating agency and several highly rated servicers to get their perspective on forbearance, loan workouts and portfolio management challenges for agency and non-agency CMBS.
We focused on the importance of pricing along the customer journey: during the hunt for a loan, when comparing lenders before completing an application, and (given the ease of comparing prices online these days) whether consumers continue to shop once their application is underway. From this, we identified five insights that will guide lenders as they evolve and enhance their pricing capabilities.
This year, as part of the MBA Annual Convention & Expo and ConcertMBA, Radian has launched the Radian Everyday Heroes Challenge, which celebrates the heroes among us who are making a positive impact, while also supporting the MBA Opens Doors Foundation.
Cristy and I sat down on October 13th and discussed the current state of the market and the trends we are observing in default management servicing.
Concert MBA, long a member favorite at the MBA Annual Convention & Expo, takes a different tack this year as we go virtual. This year, the musical retrospective will feature MBA favorite singer/songwriter John Ondrasik of Five for Fighting, who will guide viewers on a musical journey highlighting the most memorable performers and performances from past Concert MBA events.
With eClosings on the rise and remote online eClosings in demand during the COVID-19 pandemic, many lenders and settlement providers are eager to extend these services to their customers. There are many important factors to consider when selecting an eClosing technology service provider.
With more than 900 lawyers across 17 offices, Seyfarth Shaw LLP provides transactional, advisory and litigation legal services to clients worldwide.
It is important to hire mindfully and focus on maintaining company culture during times of rapid expansion. Otherwise, it is easy to unknowlingly compromise culture. While drawing people in the door to help relieve the existing workload, some push through the hiring process too quickly and hire people who are not the right fit.
Electra Capital, West Palm Beach, Fla., closed a $92 million bridge loan for Four West Las Olas, Elevate Partners’ new apartment tower in downtown Fort Lauderdale, Fla.
