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Mortgage/CRE

Market volatility around the 2020 election is pushing mortgage rates down even lower
Not only does technology provide a better customer experience, but it is proven to create a more efficient and less risky lending process from beginning to end
The world is fast progressing within the technology domain and digital services have penetrated to the unexplored corners of life
Default rates have yet to reflect the economic impact of the pandemic, according to Milliman – but may not be as bad as expected
The PPP and related changes to operations could reshape some areas of the banking sector, says PwC
Less than a quarter of homeowners in forbearance have managed to make payments for May, according to fintech firm Black Knight
Banks and credit unions need to be able to identify which of the loans in their portfolios are at risk of default, so that they can proactively address that risk
New York-based Signature Bank says roughly 14% of its loan book is seeking to defer payments as the pandemic challenges cashflow
More central bank action expected after Bank of England also cuts interest rate to offset COVID-19 effect on economy
Following a bumper year for mortgage lending in 2019, MVB will buy a stake from the Van Metre Company to create Intercoastal Mortgage
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