The key moving forward lies in automating where it is most effective, widening the net in terms of attracting talent and then maximizing that talent by providing them with the right tools and user experience to drive business.
Category: News and Trends
Kebra Rhedrick of Wipro Opus Risk Solutions: Learning from the Best–The Notification Rule
The Notification Rule establishes notice requirements for banking organizations and certain bank service providers when they experience computer-security incidents that rise to the level of notification incidents. Since notification is required before the organization may fully assess the incident, the notification requirement mainly focuses on what is affected. A prudent institution would identify systems and information that trigger the rule in advance.
Healthy Forecast for Commercial Real Estate
Commercial real estate can anticipate post-pandemic growth rooted in strong regional markets and steady commercial and multifamily lending, the Urban Land Institute said.
MBA Sends FHFA Recommendations on GSE Seller/Servicer Eligibility Requirements
The Mortgage Bankers Association on Monday sent a letter to the Federal Housing Finance Agency, offering detailed recommendations on the agency’s re-proposal of eligibility requirements for seller/servicers of single-family loans backed by Fannie Mae and Freddie Mac.
Dealmaker: Mesa West Capital Originates $85M for Minneapolis Multifamily
Mesa West Capital, Los Angeles, provided Minneapolis-based multifamily investment firm Bader Diamond Funds with $85 million to acquire Hampshire Hill, a 534-unit community in Bloomington, Minn.
Housing Market Roundup Apr. 26, 2022
Here is a summary of recent stories of interest to the real estate finance community that have come across the MBA Newslink desk:
CFPB Invokes ‘Dormant Authority’ to Examine Nonbank Companies Posing Risks to Consumers
In a highly unusual move, the Consumer Financial Protection Bureau on Monday announced it would invoke a largely unused legal provision to examine nonbank financial companies that pose risks to consumers.
MBA Commercial/Multifamily Finance Servicing and Technology Conference in Los Angeles May 15-18
The Mortgage Bankers Association’s Commercial/Multifamily Finance Servicing and Technology Conference takes place May 15-18 at the JW Marriott Los Angeles.
A Look at Lodging with JLL Senior Vice President Christopher Exler
Christopher Exler is Senior Vice President with JLL’s Miami Hotel and Hospitality team, responsible for shaping and executing disposal and origination strategies. He specializes in maintaining investor relationships, monitoring international capital flows, investment advisory and managing the marketing and due diligence process.
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“Without proper calibration of these requirements, unintended consequences likely would include more institutions selling loans only through the cash window rather than an MBS execution, shifts in volume away from the Enterprises or Ginnie Mae for reasons that are not determined by market conditions and potential consolidation in the industry, resulting in fewer choices and higher costs for borrowers. Proper calibration of these requirements, on the other hand, will promote resiliency in the market and broad, sustainable access to credit for consumers.”
–From an MBA letter to the Federal Housing Finance Agency on its re-proposal of servicer eligibility requirements for loans backed by Fannie Mae and Freddie Mac.