March 21, 2019
Timely, compliant loan closings are the hallmark of a well-run mortgage lender. So, what's the biggest bottleneck in the loan closing process? The appraisal.
MBA Insights posed questions to Maren Kasper, acting President, EVP and Chief Operations Officer of Ginnie Mae. Kasper, appointed as Acting President in January, is responsible for all operations for Ginnie Mae's $2.0 trillion portfolio of mortgage-backed securities.
It's no secret that the housing industry is cyclical. While there are unique forces at work in the current downswing, there is still much that can be learned from previous cycles. By considering where the industry has been--in both good times and in bad--lenders can glean invaluable lessons on how best to approach the current market, especially when it comes to investments in technology.
Our top five takeaways from the Mortgage Bankers Assoiation's CREF/Multifamily Housing Convention and Expo 2019.
This week's Chart of the Week highlights U.S. Census Bureau data showing 1.6 million additional owner-occupied households in 2018--the largest annual increase since 2004.
The Mortgage Bankers Association's latest Washington Update features Steve O'Connor, MBA Senior Vice President of Public Policy & Industry Relations, who discusses the new MBA paper, Roadmap to CFPB 2.0; Consumer Financial Protection Bureau Director Kathy Kraninger's testimony before the Senate Banking Committee; and the upcoming MBA National Advocacy Conference.
Gateway Mortgage Group LLC, Jenks, Okla., hired Jacquelyn Pardue as Director of Purchasing and Vendor Management, responsible for overseeing vendor relationship issues for all business channels and service providers.
In this MBANow video, Kevin Wall, President of First American Mortgage Solutions, talks with MBA's Adam DeSanctis about how technology is changing the mortgage industry.
Mortgage Bankers Association Associate Vice President of Economic & Industry Forecasting Joel Kan breaks down the MBA Weekly Applications Survey for the week ending Mar. 15.
In this MBANow video, MBA Vice President of Industry Technology Rick Hill talks with MBA's Adam DeSanctis about the upcoming MBA Technology Solutions Conference & Expo, taking place Mar. 25-28 in Dallas.
In the latest episode of mPower Moments, mPower Founder Marcia M. Davies interviews Debby Jenkins, a housing finance veteran who was recently named Executive Vice President & Head of Multifamily with Freddie Mac.
MBA Insights posed questions to Reena Pally, Managing Director of Real Estate Debt Strategies with MetLife Investment Management, about the transition away from LIBOR to a successor index for floating-rate loans.
Every day we hear more and more about e-closings and e-mortgages, but we have yet to see any meaningful production. Taking that further, a completely digital mortgage continues to be complex and elusive. However, there is still plenty of digital low-hanging fruit ripe with value.
Michael Fontaine is Chief Operating Officer & Chief Financial Officer of Plaza Home Mortgage, San Diego.