#MBATECH23
More on-Site Coverage of #MBATech23
SAN JOSE, Calif.—The mortgage industry wants innovation; tech innovation requires capital. Wall Street investors have unique perspectives on the mortgage industry—and the technology that should support it.
SAN JOSE, Calif.—After several years of extraordinary—and unexpected—mortgage performance despite the coronavirus pandemic, 2023 is a decidedly different—and less desirable—business environment, said MBA economists.
The Federal Housing Finance Agency updated Fannie Mae and Freddie Mac’s Equitable Housing Finance Plans for 2023.
Apartment asking rents climbed 0.5%, or $9, from February to March, reported Zillow, Seattle.
Private sector employment increased by 145,000 jobs in March and annual pay was up 6.9 percent year-over-year, the March ADP National Employment Report said.
The new loan level price adjustments and credit score improvement can drive revenue growth. Here’s how.
Le Tran joined WEOKIE Federal Credit Union, Oklahoma City, Okla., in 1995 and currently serve as its Assistant Vice President of Mortgage Underwriting.
The homeownership gap between Black and white Americans is wider today than in 1960 when housing discrimination was legal. To look at the mechanisms behind this shocking stat in one community, CONVERGENCE Columbus surveyed local loan originators and real estate agents for their thoughts on how to increase Black homeownership. Our findings were enlightening and offer lenders everywhere four important lessons for supporting homeownership equity.
Rob Chrane has spent 15 years (half of his career) developing technology that can be used by anybody online for free to search 2,100+ down payment assistance programs for extra cash to get into their home. That should help lenders qualify more buyers (making them an even more indispensable resource), and more buyers move forward into homeownership.
As interest rates and inflation have risen, mortgage lenders have seen a slowdown in their sector. These strategies can help your institution manage costs in this lean period and position yourself to thrive in a recovery.
Meghan Bartholomew is Executive Vice President of Credit and Counterparty Risk Management with Radian, Philadelphia. She discussed Radian’s work with the CONVERGENCE initiative, a place-based partnership focused on narrowing the racial homeownership gap.
