BREAKING NEWS
MBA Weekly Applications Survey; MISMO Announces 2023 Board of Directors
Mortgage rates fell sharply last week, and borrowers—particularly those looking to refinance—took advantage, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending January 6.
DELRAY BEACH, Fla. - MISMO®, the real estate finance industry's standards organization, announced its Board of Directors for 2023 here at its Winter Summit.
Lenders cite rising interest rates, a looming recession and possible lower property valuations as their greatest challenges at the moment, reported CBRE, Dallas.
Flueid, a real estate technology company using title data and insights to provide transactions, announced an integration with FirstClose Inc., Austin, Texas, a provider of fintech platforms for home equity lenders nationwide.
Mortgage credit availability fell by just 0.1 percent in December, the Mortgage Bankers Association reported Tuesday.
Grandbridge Real Estate Capital, Charlotte, N.C., sold The Arlington at Naples, a 298-unit continuing care retirement community in Naples, Fla., for $81 million.
The MBA NewsLink 2023 Tech All-Star Awards nomination period is underway. Nominations will be accepted through Friday, Jan. 20.
Servicing retention generates servicing fee income and helps servicers improve the customer experience. Modern loan servicing software automates investor reporting and compliance and creates a more efficient workflow, allowing servicers to effectively service loans in-house.
In their cyclical fashion, most lenders are dusting off some antiquated home equity programs, most having spent no energy to prepare for this market opportunity. Given the past few years of overflowing refi pipelines, that is not surprising. Why plant corn if the market price for soybeans is breaking records? Conversely, multiple vendors have set themselves up to help lenders and credit unions successfully market, process, service and trade home equity loans and HELOCs.
A year that started out on a high from record-breaking originations, has now come to a close with the industry taking a long look at how to press forward. At first blush, the next two years are likely to be challenging, but I lean more towards the optimistic view and see this time period as one filled with opportunity.
Here are three key takeaways that mortgage companies should know to help meet compliance requirements and protect borrowers and their organizations in the process.
The reality is that market has been very strong for so long that many originators took for granted that they could do the same things and still produce the same results. But as they’re now finding out, that was never going to be the case.
