The chairman of the Mortgage Bankers Association, Regina Lowrie, is calling on the mortgage banking industry to foster a more diverse work force so that it looks more like the customers it deals with.It is imperative that the industry "better reflect the customers we will be serving over the next two decades," she told the Regional Conference of Mortgage Bankers Associations in Atlantic City, N.J. To serve the customer of the future, the industry's companies need to reflect that customer, Ms. Lowrie said. As part of her commitment in this area, she has appointed an MBA diversity committee chaired by association president Jonathan Kempner. "Diversity is a key priority for me," Ms. Lowrie said. The MBA can be found online at http://www.mortgagebankers.org.
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The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
10h ago -
In a Senate hearing, Director Sandra Thompson said a raise to the required income threshold provided to affordable housing was on the table, while housing regulators also faced questions related to property insurance hikes and title insurance waivers.
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The nonpayment rate for non-qualified mortgages is up 21 basis points from February and 134 basis points from March 2023, Morningstar DBRS said.
April 18 -
The government mortgage-bond guarantor will require additional information on foreclosure prevention actions, and retire some forbearance reporting.
April 18 -
But views are split, at least in the near-term on whether rising mortgage rates are holding back the Spring home purchase season.
April 18 -
The top five producers had an average dollar volume of FHA loans of more than $50 million in 2023.
April 18