MBA’s President and CEO Bob Broeksmit, CMB, released the following statement on the Federal Housing Administration’s (FHA) Payment Supplement, a new loss mitigation alternative to a traditional loan modification:
Category: News and Trends
Executives Discuss Their Challenges, Goals: #MBAServicing24
ORLANDO–Top executives from PennyMac Financial Services, Merchants Bank of Indiana, M&T Bank Corp., Mr. Cooper and Freedom Mortgage Corp. discussed the biggest challenges the mortgage servicing industry faces here at MBA’s Servicing Solutions Conference & Expo 2024.
LERETA Survey Reveals Lack of Understanding of Escrow Accounts
LERETA, Pomona, Calif., released a new survey showing that among respondents who have an escrow account with their mortgage, only 52% “completely” understand how that account works.
Servicing Quote Tuesday, Feb. 27, 2024
“Prioritizing payment relief and reducing operational complexities were imperative, and we believe the improvements made following multiple rounds of feedback will ensure mortgage servicers have a new effective and efficient way to help struggling borrowers stay in their homes.”
–MBA President and CEO Bob Broeksmit, CMB, on FHA’s recently announced new loss mitigation option
Servicing Quote Tuesday, Feb. 20, 2024
“The VA Home Loan Program is one of the most significant benefits our nation’s heroes earn through their sacrifice and service. MBA recognizes the need to make this important program more accessible and as competitive as other mortgage loan options.”
–MBA 2024 Chairman Mark A. Jones, President of Union Home Mortgage
ICE Mortgage Technology’s Sandra Madigan: When Technology Supports Empathy, Everyone Wins
Exceptional customer experiences transform lives. That’s especially true in mortgage servicing, where the experience we’re supporting is home ownership – and all the well-being, wealth-building and financial commitment that entails.
Fannie Mae, Freddie Mac Multifamily Officials: Workforce Housing, Property Conditions Key Issues–#MBACREF24
SAN DIEGO–The environment remains challenging but issues such as workforce housing, renter protections and property conditions and insurance are prime topics for Freddie Mac and Fannie Mae, officials from each said during a Feb. 13 session at the MBA Commercial/Multifamily Finance Convention and Expo.
Optimal Blue: Lock Volume Rises 36% Month-Over-Month in January
Optimal Blue, Plano, Texas, said mortgage lock volume rose 36% month-over-month in January as rates eased.
FHA’s Julia Gordon on 2024 Priorities at #MBACREF24
SAN DIEGO–Getting policies to the finish line–and what could hold that up–was the big theme from a discussion between Julia Gordon, Assistant Secretary for Housing and Federal Housing Commissioner at HUD, and MBA President and CEO Bob Broeksmit, CMB, here Feb. 13.
MBA NewsLink Q&A with Ardley Technologies CEO Nathan Den Herder
MBA NewsLink interviewed Nathan Den Herder, founder and CEO of Ardley Technologies, a provider of mortgage technology solutions that help lenders and servicers mine their portfolios for new deal opportunities and improve retention rates.