BREAKING NEWS
Applications Surge in MBA Weekly Applications Survey
Mortgage applications—particularly refinance applications—surged last week as key interest rates held relatively steady and borrowers took advantage, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending January 8.
Move over, San Francisco Bay Area and New York City; you’ve got company—lots of it.
CoreLogic, Irvine, Calif., said on a national level, 6.1% of mortgages were in some stage of delinquency (30 days or more past due, including those in foreclosure) in October, a 2.4-percentage point increase from a year ago, when it was 3.7%.
Renters’ median income growth stopped last year, and more than three million renters who face COVID-19 unemployment carry extreme housing cost burdens, analysts said.
MISMO announced its Board of Directors for 2021. MISMO, which is a subsidiary of and managed by the Mortgage Bankers Association, is the mortgage industry’s standards organization working to enable the industry to speak the same language.
The Mortgage Bankers Association’s popular three-part virtual series, Voices: Courageous Conversations with Women of Color, continues Tuesday, Jan. 19 with “Can We Talk.”
The Mortgage Bankers Association is accepting nominations for the MBA NewsLink 2020 Tech All-Star Awards. Nominations will be accepted through Friday, Jan. 29.
Mid America Mortgage Inc., Addison, Texas, promoted former National Support and Training Director Jemma Pachiano to Chief Operating Officer.
Larry Silver is CEO of Superus Careers, Fulton, Md., is a results-focused mortgage consulting firm with more than 20 years' experience in high-growth mortgage operations.
Should the pandemic regulatory attitude be forgot and never brought to mind? Not exactly. However, lenders can adapt the current pandemic regulatory attitude into one that pays equal mind to both the pandemic and the importance of compliance.
When I look back on 2020, I think about what a peculiar year it’s been. And if anything, 2020 has demonstrated lenders have a lot of work to do.
Rexford Industrial Realty, Los Angeles, acquired two industrial property portfolios for $213.7 million.
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance decreased to 5.46% of servicers’ portfolio volume as of Jan. 3 compared to 5.46% the prior week. MBA estimates 2.7 million homeowners are in forbearance plans.
