Mortgage credit availability fell slightly in March, the Mortgage Bankers Association reported Thursday.
Category: News and Trends
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“We appreciate that FHFA’s announcement is intended to prevent avoidable foreclosures. However, we are concerned that a blanket suspension for all borrowers with an application pending will unintentionally hurt those consumers who are most in need of expedited assistance.”
–Pete Mills, MBA Senior Vice President of Residential Policy and Member Services.
FHFA Suspends Foreclosure for Borrowers Applying for Relief through Homeowner Assistance Fund
The Federal Housing Finance Agency on Wednesday said Fannie Mae and Freddie Mac will require servicers to suspend foreclosure activities for up to 60 days if the servicer has been notified that a borrower has applied for assistance under the Department of the Treasury’s Homeowner Assistance Fund.
CONVERGENCE Memphis Launches New Nonprofit Organization
The Mortgage Bankers Association announced CONVERGENCE Memphis launched CONVERGENCE Memphis Inc., a 501(c)(3) organization created to strengthen ties within the local Memphis community and advance its mission of promoting affordable housing and increasing Black homeownership.
MBA State & Local Workshop in Washington Apr. 25-26
The Mortgage Bankers Association’s State and Local Workshop 2022 takes place Apr. 25-26 at the Renaissance Downtown Hotel in Washington, D.C., just ahead of the MBA National Advocacy Conference.
Michael McFadden of OptiFunder: CFOs Embrace Tech for Strategic Advantages to their Organizations
CFOs across industries are embracing technology to gain control, reduce costs and streamline operations, structuring for success amid a turbulent environment. In fact, CFO-focused technology is some of the most exciting and disruptive tech in our industry.
Clint Salisbury of IDS: Don’t Sacrifice Borrower Experience for Sake of Digital Mortgage Innovation
The benefits of hybrid eClosings are obvious when viewed from the lenders and/or investor perspective – streamlined processes, greater operation efficiency, reduced errors, etc. – and borrowers certainly feel the impact of those to a certain degree. However, the “digital revolution” many lenders may assume they are delivering to consumers might not be as revolutionary when examined from the borrower’s side of the transaction.
MBA Launches All-New MBA.org
The Mortgage Bankers Association has a new, improved website.
Retail Reconnaissance: Claudia Steeb and Joe Miller of JLL
MBA NewsLink talked with JLL Capital Markets Managing Director Claudia Steeb and JLL Valuation Advisory Managing Director Joe Miller about the retail sector.
March Mortgage Credit Availability Edges Down
Mortgage credit availability fell slightly in March, the Mortgage Bankers Association reported Thursday.