In its June Insights Report, STRATMOR Group examines how lenders will fare in the next refinance boom—and why some will be more successful than others in capturing that business. In his article, “Why a Refi Wave Won’t Save Every Lender and How to Prepare,” Senior Partner Garth Graham explains why the next refi wave will be different than past refi booms and provides strategies lenders can implement now to prepare.
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Bank economists are expressing increased optimism about the outlook for business credit and the prospect of a soft landing for the U.S. economy over the next six months, according to the American Bankers Association’s latest Credit Conditions Index.
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Mortgage Capital Trading, Inc. (MCT) launched new integrations with Fannie Mae’s Mission Score application programming interface (API) and Mission Score 2 and 3 product grids that provide better transparency and pricing for mortgages aligned with Fannie Mae’s mission objectives.
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U.S. Mortgage Insurers (USMI), the association representing the nation’s leading private mortgage insurance (MI) companies, announced that Rohit Gupta will serve as the association’s new Chairman of the Board.
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Xactus, a verification provider for the mortgage industry, announced that Joseph Peterson has been named Chief Financial Officer.
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Homebuyer affordability improved in May, with the national median payment applied for by purchase applicants decreasing to $2,219 from $2,256 in April.
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Optimal Blue released Competitive Data License, a collection of key national mortgage pricing data that enables lenders to price products competitively, operate more profitably, and react swiftly to changing market conditions.
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MISMO, the real estate finance industry’s standards organization, is inviting industry professionals to join a newly formed community of practice (CoP) focused on Artificial Intelligence (AI).
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MBA Education, the award-winning education division of the Mortgage Bankers Association (MBA), recognized 23 individuals who earned the Commercial Certified Mortgage Servicer (CCMS®) designation. The 2024 class is the largest graduating class in program history.
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MISMO, the real estate finance industry’s standards organization, announced two new additions to its Board of Directors: Patrick Hartford, Vice President, Architecture and Engineering, at Rocket Mortgage, and Giuseppe “Joe” Lucido, Senior Vice President, Operations, at United Wholesale Mortgage.
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