As mortgage lenders shift focus from production to portfolio management in response to COVID-19, industry shifts are occurring alongside the inevitable reallocation of lending operation resources.
Category: News and Trends
MBA Education Launches Virtual School of Multifamily Mortgage Banking and Virtual School of Multifamily Property Inspections
MBA Education launched new Virtual School of Multifamily Mortgage Banking and Virtual School of Multifamily Property Inspections courses.
Commercial/Multifamily Briefs
Fifth Third Bank National Association, Cincinnati, and Bellwether Enterprise Real Estate Capital LLC, Cleveland, formed a new strategic relationship between two institutions committed to providing affordable multifamily housing.
New Campaign Targets Lenders’ ‘Powerful Stories’ in Helping Communities Facing COVID-19 Challenges
A new campaign aims to showcase “powerful stories of businesses and organizations who are quickly pivoting to help their communities during these challenging times.”
Mortgage Action Alliance ‘Call to Action’ Urges Congress to Act on Liquidity Facility
The Mortgage Action Alliance, the grassroots advocacy arm of the Mortgage Bankers Association, issued a ‘Call to Action’ on Friday, urging its members to contact their members of Congress to support legislation that would provide lenders and servicers with liquidity support.
Dealmaker: Northmarq Arranges Multifamily Financing in Texas, N.C, Washington
Northmarq arranged sale and financing for a 1,656-unit multifamily portfolio in Texas and $47.8 million for properties in North Carolina and Washington.
NAIC Issues Clarifying Guidance on RBC Treatment of COVID-19 Loan Modifications
The National Association of Life Insurance Commissioners on Wednesday issued clarifying guidance on the life company risk-based capital treatment of loans modifications during the COVID-19 pandemic.
Federal Agencies Allow Member Banks to Postpone Appraisals for 120 Days
Three federal agencies this week announced a rule change allowing its member banks to postpone an appraisal on a residential or commercial property for 120 days after the loan is closed.
CREF Highlights
Commercial and multifamily developments and activities from MBA relevant to your business and our industry.
MBA Opens Doors Foundation Sees Increase in Grant Applications
The MBA Opens Doors Foundation, which helps families around the country stay in their homes while a child is being treated for a critical illness or injury, is seeing an increase in grant applications from families in need. Here’s how you can help.