5-11-20 Becoming Approved by Ginnie Mae and a Look Ahead after the Pandemic

With all that's going on in the mortgage industry right now we thought it'd be best to take a detailed look at what it takes to become approved by Ginnie Mae, and with that, also look to the future for what may be happening after the pandemic! In today's Hot Topic we have Gregory Keith on the program to provide us with his insights on the Ginnie Mae Approval process! Want to know more about Gregory Keith? Gregory A. Keith joined Ginnie … Show Notes

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Existing Home Sales and Inventory – MBA Chart of the Week

This week’s chart highlights the recent trends in existing-home sales and the inventory of homes for sale. Existing-home sales plunged in April, as much of the U.S. economy and housing market bore the brunt of the COVID-19 pandemic’s social distancing and closures. There was an 18 percent drop in the seasonally adjusted, annualized pace of The post Existing Home Sales and Inventory – MBA Chart of the Week appeared first on Mortgage Media.
FHFA Helps Ease Another Hurdle Coming Out of the CARES Act

In a welcome move that will help settle a key concern that arose as an unintended consequence related to the CARES Act, the FHFA today announced a new policy for borrowers who were admitted into the forbearance program for a Fannie Mae or Freddie Mac loan, but did not actually forbear any payments. In a The post FHFA Helps Ease Another Hurdle Coming Out of the CARES Act appeared first on Mortgage Media.
California MBA Webinar Thursday on Technology Transforming Borrower Engagement

The California Mortgage Bankers Association is putting on a webinar Thursday from its Mortgage Technology & Marketing (MTAM) Committee, called Transforming Borrower Engagement through Strategy, Process, and Automation. The conversation will be about the use of technology to automate and transform borrower engagement while optimizing lead conversion. Josh Friend from Insellerate will be talking with The post California MBA Webinar Thursday on Technology Transforming Borrower Engagement appeared first on Mortgage Media.
Friday Wrap: Economy Takes Massive Blows in April; GSEs Extend Foreclosure Freeze

Producer prices, retail sales tank in April The United States economy took massive blows in April as Americans simply weren’t spending money. Dow futures dropped by 200 points Friday morning on the heels of the latest retail sales data from the Commerce Department. Monthly retail sales tanked by 16.4% in April, a record for this The post Friday Wrap: Economy Takes Massive Blows in April; GSEs Extend Foreclosure Freeze appeared first on Mortgage Media.
Delinquency Rate for Q1 2020 – MBA Chart of the Week

MBA released its latest National Delinquency Survey (NDS) – for the first quarter of 2020 – earlier this week. At the end of the first quarter, the delinquency rate for mortgage loans on one-to-four-unit residential properties jumped by 59 basis points to a seasonally adjusted rate of 4.36 percent of all loans outstanding. The first The post Delinquency Rate for Q1 2020 – MBA Chart of the Week appeared first on Mortgage Media.