The Mortgage Action Alliance–the grassroots advocacy arm of the Mortgage Bankers Association–seeks your feedback on types of issues that are impeding members’ ability do business.
CMF Newslinks Archive
Regulators Issue Statement on Loan Modifications, Reporting for Institutions Working with Customers Affected by Coronavirus
On March 22 federal prudential regulators issued an Interagency Statement on Loan Modifications and Reporting for Financial Institutions Working with Customers Affected by Coronavirus.
MBA Education CRE Basics: Underwriting Multifamily and Valuation Starts May 5
MBA Education presents its popular Underwriting Multifamily and Valuation instructor-guided online course starting May 5.
MBA Education: Borrower Mortgage Credit and Financial Statement Analysis Starts May 7
MBA Education’s popular Borrower Credit & Financial Statement Analysis instructor-guided online course starts Tuesday, May 7.
HUD Releases Questions and Answers for Office of Multifamily Housing Stakeholders
On March 24 HUD released an industry update and provided questions and answers for Office of Multifamily Housing Stakeholders.
Citi Could Be Stuck With Troubled Casino Loan as Mortgage Market Seizes Up
Wall Street Journal, Mar. 24, 2020–Peter Grant, Katherine Sayre (subscription)The market for issuing securities backed by commercial mortgages has frozen up, leaving some of the biggest names on Wall Street …
White House, Senate Reach Deal on $2 Trillion Stimulus Package
The Hill, Mar. 25, 2020–Alexander Bolton, Jordain CarneyThe revamped Senate proposal will inject approximately $2 trillion into the economy, providing tax rebates, four months expanded unemployment benefits and a slew …
MBA Urges Feds to Take Immediate Further Steps on Market Stabilization, Liquidity
The Mortgage Bankers Association on Sunday asked the Treasury Department and the Federal Reserve to take immediate further actions ensure orderly functioning of the housing finance market in response to the “extreme volatility” in financial markets arising from the spread of the coronavirus.
FDIC Chair Calls for FASB to Delay CECL Rule Amid Pandemic
Federal Deposit Insurance Corp. Chair Jelena McWilliams, in a Mar. 19 letter to the Financial Accounting Standards Board, urged FASB to delay or postpone implementation of its current expected credit losses accounting rules.
REITs Aren’t Dead
DS News, Mar. 19, 2020–Seth WelbornAs the role of non-bank lenders has shifted in the past few years, regulators are considered allowing further growth for these mortgage institutions and REITs. …