BREAKING NEWS
Loans in Forbearance Fall to 2.89%
Loans in forbearance continued their downward trend, the Mortgage Bankers Association reported Monday, and the number of homeowners in forbearance plans fell below 1.5 million.
WASHINGTON, D.C.--Risk managers worked hard to maintain operations, employee morale and productivity when the pandemic hit, top risk management executives said during the recent Mortgage Bankers Association Risk Management, QA and Fraud Prevention Forum 2021.
In collaboration with the Mortgage Bankers Association and National MI, Cultural Outreach released the 2021 NextGen Homebuyer Report, which sheds light on the consumer behavior of the largest growing demographic of homebuyers, including insight into the financial behavior and perspectives of a young generation in the midst of a pandemic.
The Boulder Group, Wilmette, Ill., said single-tenant net lease cap rates fell to new lows for all three asset classes in the third quarter.
This week’s MBA Chart of the Week lists risks that will likely increase or change because of climate change along with an indication of impacted stakeholders.
MBA NewsLink interviewed JLL Capital Markets Senior Director Teddy Leatherman and JLL Valuation Advisory Senior Vice President Kai Pan about the current state of the student housing market and what might be in store for the sector.
Merchants Capital, Carmel, Ind., provided $18.2 million to Eden Housing to rehabilitate two California affordable housing communities: Emerson Arms and Arroyo Vista.
Customer interactions in every industry saw significant transitions to digital interactions, but this was an especially large adjustment within the mortgage industry; an industry that still relied heavily on in-person interactions and paper documentation. Let’s discuss just how much the industry has changed in the past year and a half.
The Securities and Exchange Commission recently gave companies a preview of how it will look at their climate-related disclosures. Specifically, the SEC’s Division of Corporate Finance released a sample letter detailing the sorts of hard questions and requests the SEC will consider when they conduct a review of a company’s disclosures related to climate change.
Leaders need to include software audits in their strategic planning process. A good software audit sets the stage for effective budgeting and decision making this fall. Leaders should analyze the company’s current Application Programming Interface integrations to existing mortgage software.
Sue Woodard is a director of AXIS Lending Academy. She is also the chief customer officer at Total Expert, a CRM and customer engagement platform built specifically for the financial services industry.
mPowering You, MBA’s Summit for Women in Real Estate Finance, takes place Saturday, Oct. 16 at the San Diego Convention Center just ahead of the MBA Annual Convention & Expo (Oct. 17-20).
On Thursday, House and Senate lawmakers passed, and President Joe Biden signed, a continuing resolution ahead of the Sept. 30 government funding deadline to avert a shutdown. Also on Thursday, the Senate voted 50-48 to confirm Rohit Chopra as the next CFPB Director.
