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Lock Desk, MLO, Underwriter Jobs; POS, Workflow, Digital Tools; Agency's Trend: Not Our Friend?


Lock Desk, MLO, Underwriter Jobs; POS, Workflow, Digital Tools; Agency s Trend: Not Our Friend?
Apr 16 2021, 8:23AM
Suddenly everyone’s ruminating on upcoming mergers and acquisitions (and there will definitely be some), but in the lower management ranks, lenders are already shifting their hiring practices, and taking a careful measure of production and productivity. Will we ever run out things to measure? The median age (half above, half below) of owner-occupied homes across the U.S. is 39 years, according to the latest data from the 2019 American Community Survey. (New York has the oldest owner-occupied homes at a median age of 60 years while Nevada has the newest at a median age of 23 years.) Why should every loan originator care about the age of housing in their area? As a lender, do you have a renovation product, or 2nd? The age of the housing stock is an important remodeling market indicator. Older houses are less energy-efficient than n ....

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Fannie Mae And Freddie Mac Extend Origination Flexibilities Due To COVID-19 - Finance and Banking

Fannie Mae And Freddie Mac Extend Origination Flexibilities Due To COVID-19 - Finance and Banking
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COVID, Year Two: A Look at Mortgage Relief, Regulatory Scrutiny, and the Road Ahead | Davis Wright Tremaine LLP


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March 13, 2021, marked the one-year anniversary of President Trump s declaring COVID-19 a national emergency. Through the CARES Act, agency action and guidance, and various state laws and executive orders, governments across jurisdictions acted quickly to provide mortgage relief to homeowners at risk of default.
Even with all that regulatory and legislative might brought to bear, the inability of homeowners to pay their mortgages remains widespread and a focus of lawmakers. The Mortgage Bankers Association (MBA) reported that 5.14 percent of mortgage loans, representing 2.6 million homeowners, were in forbearance as of March 7, 2021. ....

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