MBA Newslinks Archive

“We have to get better; online is the play. We have members overseas that want to–and have to–obtain a complete mortgage online. We have to be able to accommodate them.”–Ben Sizemore, senior vice president of mortgage transformation with Pentagon Federal Credit Union, Arlington, Va.

“What we see is a lot of lack of preparation. What we also see are a lot of companies in a reactive mode, because they didn’t prepare for an attack they didn’t think was going to happen.”–Tom Clerici, cyber security practice director with Arraya Solutions, Plymouth Meeting, Pa.

“Data will move faster and be more accurate. What can we learn from it? If we don’t get on the train, it’s going to be over. Whoever can move faster on technology and invest time and effort in technology will succeed.”–Dan Gilbert, founder and chairman of Quicken Loans Inc., Detroit.

“The impact of technology disruptors and the financial implications they have on our decisions is incredible…Technology helps us be more efficient and effective with our very limited time in a fast-paced business world.”–MBA Vice Chairman Brian Stoffers, CMB.

“Millennials are not only interested in homeownership, they are the primary reason that the homeownership rate increased over the past year.” –Mark Fleming, chief economist with First American Financial Corp., Santa Ana, Calif.

“Less than half of all active foreclosures are now tied to loans originated during the last housing bubble, one of several data milestones in this report showing that the U.S. housing market has mostly cleared out the backlog of bad loans that triggered the housing and financial crisis nearly a decade ago.”–Daren Blomquist, senior vice president with ATTOM Data Solutions, Irvine, Calif.

“We saw a strong January and February, and that may have pulled some activity forward. We did, however, see the third straight month over month increase, which is in line with the typical seasonal pattern at this time of the year.”–Joel Kan, MBA Associate Vice President of Economic and Industry Forecasting, on latest MBA Builder Application Survey data.

“Now, with this bill, the voice of justice speaks again. It proclaims that Fair Housing for all, all human beings who live in this country, is now part of the American way of life.”–President Lyndon Johnson, upon signing the Fair Housing Act into law on Apr. 11, 1968.

“2017 was a very strong year, driven by solid property fundamentals, rising property values, low interest rates and a ready supply of mortgage capital all contributing to extraordinarily attractive finance markets. We expect another robust year in 2018, even with the slight increase in interest rates, although perhaps not quite as robust as 2017.”–MBA Vice President of Commercial Real Estate Research Jamie Woodwell.

“Growing racial and ethnic diversity in the U.S. population helps explain some of the rise in multigenerational living. The Asian and Hispanic populations overall are growing more rapidly than the white population, and those groups are more likely than whites to live in multigenerational family households.”–From a Pew Research report on record growth in U.S. multigenerational households.