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Volume 22 Issue 173

Monday, September 11, 2023

MBA Advocacy Update Sept. 11: Senate Banking Committee Holds Property Insurance Hearing

This week’s top legislative and policy news from the Mortgage Bankers Association.

MBA Chart of the Week: HELOC and Home Equity Loan Commitment Volume

This week’s MBA Chart of the Week explores the known reasons that borrowers take out a HELOC or home equity loan.

MBA Weighs in With Senate on Property Insurance Market

The Mortgage Bankers Association weighed in with the Senate Committee on Banking, Housing and Urban Affairs last week regarding challenges in the property insurance market and their impact on consumers.

MBA VIDEOS

mPower Moments: On Combating Self-Limiting Behaviors with EscrowTab’s Amy Moses

mPower Moments: On Combating Self-Limiting Behaviors with EscrowTab’s Amy Moses

MBA Eye on Washington

MBA Eye on Washington

How to Access Your MBA Education Courses

How to Access Your MBA Education Courses

MBA Research Minute

MBA Research Minute

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TOP NATIONAL NEWS

U.S. Mortgage Rates Ease as Housing Market Awaits Fed September Meeting
U.S. Housing Affordability Remains at a Record Low, NAR Says
Sellers See Double-Digit Losses in One U.S. Market
IRS, With AI Help, Readies Audits of Large Hedge Funds, Real Estate Firms
Apartment Rents Are on the Verge of Declining Due to Massive New Supply
These Places Pay You to Move There
Freddie Mac Looking for New CEO at Critical Juncture

MBA NEWS

Tomorrow: Optimizing Technology in the Origination Process
Apply for MBA Path to Diversity Scholarship Program
MBA Education Advantage: Learn for Less

Quote: Sept. 11, 2023

"With responsible implementation, Artificial Intelligence and Blockchain will enhance rather than eliminate the essential human role in mortgages." --PrivoCorp CEO Sam Verma

MBA White Paper Measures the Impact of Loan Sizes on Profitability Through Mortgage Cycles

The conventional wisdom is that originating and servicing higher balance loans means higher profits. However, according to a new white paper by the Mortgage Bankers Association titled, How do Mortgage Revenues, Costs and Profitability Vary by Loan Balance? An Analysis Using Benchmarking Data, the relationship between loan balance and profitability is more nuanced and may change over the course of market cycles.

September 08, 2023

PrivoCorp CEO Sam Verma: The Future of the Mortgage Industry: Augmenting Human Capabilities with AI and Automation

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The mortgage lending industry is experiencing a significant revolution, powered predominantly by artificial intelligence (AI) and Blockchain technology. While AI holds tremendous promise for transforming the lending process, there are valid concerns about its influence on human employment and the likelihood of biased outcomes.

September 08, 2023

LoanLogics’ Jenevieve Impavido: Overcoming a New Catch-22—Fannie Mae’s QC Requirements

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Many lenders will need to rethink their loan QC strategies if they hope to pass muster with Fannie Mae, Freddie Mac—or for that matter any other investor in the secondary market.

September 08, 2023

Black Knight: Nearly a Quarter of Homebuyers Face $3,000 Payments or More

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Monthly mortgage payments between $2,000 and $3,000 have rapidly become the norm in today’s housing market in the face of spiking interest rates and historically high home prices, reported Black Knight, Jacksonville, Fla.

September 08, 2023

Accredited Mortgage Professional (AMP) Designation

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When you graduate from MBA Education's School of Mortgage Banking, you become an Accredited Mortgage Professional (AMP).

September 08, 2023

MBA Annual General Session: Housing Market and Policy Trends with Prof. Susan Wachter

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On Oct. 17 at MBA Annual, University of Pennsylvania Professor Susan Wachter, an expert in housing finance and real estate and urban economics, will discuss the latest data and trends in homeownership, housing supply, affordability and other market trends impacting your business.

September 08, 2023

Entrust’s Chris Tammen: Zero Trust is a Foundation for Securing a Modern Remote Workforce

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While the pandemic pushed many in the mortgage industry to accelerate their digital transformation efforts and work-from-home arrangements, remote work has had considerable effects on the cost of a breach, especially for institutions employing a traditional perimeter-based approach to network security.

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One Voice. One Vision. One Resource. The Mortgage Bankers Association (MBA) is the national association representing the entire real estate finance industry. For more information visit us at our website.

President and CEO: Robert Broeksmit, CMB

Publisher: Marcia Davies, Chief Operating Officer

Vice President of Public Affairs: John Mechem

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