Upcoming Conferences and Events
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Selene News
Fitch Upgrades Selene’s U.S. RMBS Servicer Ratings
We are pleased to announce that Fitch has upgraded Selene Finance's U.S. residential mortgage servicer ratings to 'RPS2-‘ for Primary Prime, Primary Subprime and Special Servicing.
“Fitch’s most recent assessment of Selene’s servicing performance and recognition of a RPS2- rating for Prime, Subprime and Special Servicing, highlights the immense investment we have made in our management structure, growth strategy and operational performance. This upgraded rating further affirms our continued commitment to both our clients and customers and the positive trajectory for Selene in the residential mortgage servicing industry.” ~ Joe Davila, President and CEO
New Hire Announcement
Selene is happy to announce that Jennifer Page-Pena has joined Selene Finance as SVP, Operations for BPL, REO and Related Products. Jennifer has over 20 years of mortgage industry experience, having held positions at Novare, Aureus Finance Group and Auction.com. Jennifer will be responsible for leading operational functions, managing financial performance and overseeing all activities related to servicing Business Purpose Loans, REO and other related products.
Industry News
Mortgage Rates Forecast For 2025 And 2026: Experts Predict When Rates Will Drop
Mortgage rates have hovered in the upper 6% range for most of the year. Rates began a downward slide in anticipation of the Federal Reserve’s September rate cut, though, and decreased again leading into the Federal Reserve’s October meeting, which concluded with another 25-basis-point rate cut. One basis point is one one-hundredth of a percentage point.
Boomers Edge Millennials and Gen Z out of Homeownership in Record Numbers
High home prices and elevated mortgage rates have made it increasingly difficult for Gen Z and millennials to buy homes. The median age of first-time U.S. home buyers has significantly jumped during the past decade. Because incomes have not kept pace with housing costs, many younger Americans are locked out of homeownership.
Conference and Events
IMN’s RTL and DSCR Conference
The Selene team will be attending the upcoming RTL and DSCR Conference in Aventura, FL. This 3rd annual event connects senior executives from top mortgage companies and investment firms, with a mix of borrowers, investors and lenders. If you are attending and would like to set up a meeting with our sales team, please reach out to John Guy today!
SFVegas 2026
One of the industry’s leading events is coming in Feb and Selene will be in attendance amongst thousands of professionals in the capital markets industry. If you are attending and would like to set up a meeting with our sales team, please reach out to John Guy or Robert W. McKinley today!
May 9, 2024
Upcoming Conferences & Events
- MBA National Secondary Market Conference: 5/19-5/20 in New York, NY MBA Conference Registration
- IMN Single Family Rental (East): 5/20-5/22 in Miami, FL IMN Registration
- IMN non-QM Forum: 6/13-6/14 in Dana Point, CA IMN Registration
Selene Celebrates MLK Day
As a company, Selene is committed to combatting social injustice through our internal practices and education programs, partnering with effective local organizations, employee volunteerism and philanthropy. Today, we remember and reflect upon Martin Luther King Jr.’s principals of racial equality and nonviolent social change and encourage everyone to act in their own communities to champion causes important to them.
Where Have Americans Moved After the Pandemic?
Western states topped the outbound migration lists as Americans departed expensive and high cost-of-living areas to head to the southeast and other, more affordable, metropolitan areas with comparative amenities.
Industry News
Demand for Riskier Adjustable Rate Mortgages Hits Highest Level of the Year
When mortgage rates rise, consumers look for any way to lower their monthly payments, and that often leads them to adjustable-rate mortgages.
Industry News
How Financial Services Can Move Past Experimentation with Generative AI
One of the reasons why generative AI is creating such excitement is that it promises to reinvent businesses across all industries, financial services included. But banks and insurance companies have, over many decades and in many areas, remained inefficient.
Charitable Events
Selene is proud to be a Sponsor for the Fisher House Golf Classic supporting Veterans and their families directly through the Fisher House Foundation program dedicated to improving the lives of those who have sacrificed for our freedoms.