Applications Fall in MBA Weekly Survey; MBA Statement on Biden Administration's Nomination of Sandra Thompson as FHFA Director
President Joe Biden on Tuesday announced his intent to nominate Sandra Thompson as Director of the Federal Housing Finance Agency, an appointment long-supported by the Mortgage Bankers Association.
Mortgage applications fell from one week earlier despite key interest rates holding steady, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending December 10.
As home equity continues to soar, mortgage delinquency rates fell to levels not seen since onset of the coronavirus pandemic, said CoreLogic, Irvine, Calif.
ACES Quality Management, Denver, reported a13% increase in overall critical defect rates to 2.27%, ending a multi-quarter trend of improvement.
Each fall, mPact hosts a series of virtual and in-person fundraisers to support the MBA Opens Doors Foundation, which provides mortgage and rental assistance to families caring for a critically ill or injured child. A percentage of the total sales of each event is donated to the foundation.
As the industry looks ahead to 2022, the new year is certain to bring fresh challenges, as well as new opportunities for growth.
Dwight Capital, New York, closed $88.1 million in financings.
Souren Sarkar, CMB, is founder and CEO of Nexval, (U.S. headquarters Pompano Beach, Fla.), a business process outsourcing and fintech provider specializing in the mortgage industry. He has more than 25 years of experience as a technology leader in the mortgage and banking arena.
Jack Huntress is founder and CEO of HomeBinder, Burlington, Mass., a centralized home management platform that keeps homeowners connected with mortgage lenders, realtors and other authorized professionals.
While the entire country readjusts to the routines of yesteryear, loan servicing and asset management professionals will have an interesting set of dynamics impacting their organizations in the new year. The second half of 2021 is perhaps best described as a welcome shift back to growing pains.
With regulators also tightening their expectations and requirements around compliance, there is no time better than the present for lenders to get ahead and shore up their quality control and quality assurance efforts to ensure a successful 2022.
Parvesh Sahi is Senior Vice President of Business and Client Development with ICE Mortgage Technology, Pleasanton, Calif.
The Mortgage Bankers Association’s Independent Mortgage Bankers Conference 2022 takes place Jan. 24-27 in Nashville, Tenn.