November 15, 2018
John Seroka is a Principal and Brand Strategist with Seroka Brand Development, Brookfield, Wis., which provides brand development, marketing, PR, social media and mobile strategies to companies throughout the mortgage industry. Patrick Seroka is CEO of Seroka Brand Development, and has been named Entrepreneur of the Year by Ernst & Young and Merrill Lynch.
From biohacks to "becoming a cyborg" to the risk of "becoming ‘house cats' to artificial intelligence", fear and anxiety of channels has never been higher--and the stakes larger--for the 98% of financial institutions.
In a recent precedential opinion, the Third Circuit held that an entity whose principal purpose is the collection of debts is a debt collector even if it owns the debt it is collecting and, therefore, is not collecting a debt owed another. In other words, an entity that meets the "principal purpose" definition is a debt collector even if it does not also meet the "regularly collects" definition.
Best-selling author Joann Lipman joins mPower Founder Marcia M. Davies to discuss her book, That's What She Said, and how men can play an active role in closing the gender gap for women in the workplace..
The focus of this week's chart is the homeownership rate of the under-35 age group. At 36.8 percent in the third quarter, this the highest homeownership rate for this group in five years.
Mortgage Bankers Association AVP of Economic and Industry Forecasting Joel Kan breaks down the MBA Weekly Applications Survey for the week ending Nov. 9.
In this MBANow video, Mortgage Bankers Association President and CEO Robert Brokesmit, CMB, discusses the Association's efforts to change the Bureau of Consumer Financial Protection's Loan Originator Compensation rule.
Hunt Real Estate Capital, New York, named Tyler Griffin as Chief Operating Officer.
In this MBANow video, Sam Zaki, Senior Vice President of Title/Appraisal Sales and Strategy with Radian, discusses the changing face of the title industry.
This is the 21st time since 2008 that this survey has been conducted, distributed and published. I complete it twice annually, at the MBA Annual Convention every October, and each May at the MBA National Secondary Market Conference. This year marked my 39th MBA convention in 42 years.
In the classic film, "The Wizard of Oz," when Dorothy sets out on the Yellow Brick Road, she is warned about the dangers of the journey--among them, "lions and tigers and bears, oh my!" When you think about it, it's not all that different from what mortgage bankers are given to understand about the challenges of the current market.
The introduction of robo-advisers and biometric data to gain access to a bank account signify the beginning of an era of accelerating technological transformation. Significant changes in technology will continue to affect all facets of the financial environment in the coming years and therefore affect the lives of consumers, employees and business owners.
It is tough out there for mortgage lenders. Given the run-up on the long end of the yield curve from midyear 2016 to 2018, one might have expected a similar increase in commercial mortgage rates. The intense competition from a variety of sources of debt capital, particularly upstart debt funds, has forced lenders to accept narrower margins.