MBA President and CEO Bob Broeksmit said the organization anticipates a 9% increase to a new record in originations. He made those comments while speaking at the 2020 Commercial Real Estate Finance/Multifamily Housing Convention & Expo.

Black Knight and Detroit-based Quicken Loans announced the companies have broadened their relationship as Quicken Loans extended its contract for Black Knight’s MSP servicing system and is adding multiple Black Knight solutions. Additionally, Black Knight purchased the source code for Quicken Loans’ “Cyclops” mortgage servicing customer relationship management (CRM) software.

Bill Bodnar of The Mortgage Market Guide discusses why bonds are unable to break above current resistance levels even in the face of highly uncertain events, such as the coronavirus outbreak. He notes there is some chatter about rates going even lower, but in his view, there is also a chance they could go higher. This is something mortgage industry professionals need to be mindful of as they watch their pipelines.