LAS VEGAS—Real estate finance has migrated quickly from a person-to-person business to a person-to-tech-device-to-person business. And socio-economic forces are rapidly steering technology to reshape business—even as business continues to fine-tune technology.
Category: News and Trends
#MBATech2022: Where We Are on the Digital Journey
LAS VEGAS—We have been hearing about digitalization of mortgages for years. What has been successful, and what has fallen short? Are lenders’ real-world results living up to the hype?
MBA Education Fundamentals of Mortgage Banking for Secondary Marketing Professionals Virtual Workshop May 9
MBA Education presents a virtual workshop, Fundamentals of Mortgage Banking for Secondary Marketing Professionals, on Monday, May 9. Join MBA Education for a virtual workshop tailored specifically for Secondary Marketing …
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“March was another month of lower forbearance rates and a higher share of overall loans and forbearance-related workout loans that are current. The share of loans in forbearance continues to dwindle and is just 5 basis points shy of hitting 1 percent — or 500,000 homeowners — after peaking at 4.3 million borrowers in June 2020. It has been a remarkable recovery for many homeowners in less than two years.”
–Marina Walsh, CMB, MBA Vice President of Industry Analysis.
MBA Weighs in on CFPB Fees
The Mortgage Bankers Association weighed in with the Consumer Financial Protection Bureau regarding its request for comment on fees imposed by consumer financial product and service providers.
MBA Weighs in with CFPB Regarding Fees
The Mortgage Bankers Association weighed in with the Consumer Financial Protection Bureau regarding its request for comment on fees imposed by consumer financial product and service providers.
Big Changes at Fannie Mae
Fannie Mae, Washington, D.C., announced Board Chair Sheila C. Bair and CEO Hugh R. Frater will resign effective May 1. The Board elected Michael J. Heid to succeed Bair and appointed Fannie Mae President David Benson as Interim CEO and Board member.
MBA: IMB Production Profits Fall in 2021 from Record 2020
Despite above-average production profits, mortgage banks saw a decline in 2021 from record profits in 2020, the Mortgage Bankers Association reported Monday.
RCA: Pandemic Loan Loss Rates Below Great Recession Extremes
Real Capital Analytics, New York, said the losses taken by lenders on previously defaulted commercial real estate loans remain far below the loss rates seen during the Great Recession.
Rob Bayer of Anomaly Squared: Avoid Being Labeled SCAM LIKELY? Caller ID Management Strategies
How does a company making solicited and valuable non-solicited automated calls keep from being dinged as a scam so they can continue reaching their potential customers? There are multiple strategies from different angles to make sure every solution is maximized to ensure contact and conversion rate stay strong and continue to build.