Rabbet, Austin, Texas, a service provider to lenders and developers engaged in construction recently released its 2021 State of Construction Finance report. MBA Newslink interviewed Rabbet CEO Will Mitchell to get a sense of what’s happening in the world of construction.
Category: News and Trends
Industry Briefs Sept. 17, 2021: Covius Acquires Nationwide Title Clearing
Covius Holdings Inc., Denver, a provider of technology-enabled platforms to the financial services industry, reached an agreement to acquire Palm Harbor, Fla.-based Nationwide Title Clearing Inc., a national lien release provider.
People in the News Sept. 17, 2021
The Mortgage Bankers Association appointed Amber Lawrence as Associate Vice President of Diversity, Equity and Inclusion, responsible for advancing DEI programs for the association and overall real estate finance industry.
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“In short, the challenges are formidable. At the national level, the affordable housing crisis has been a significant and persistent feature of the rental market for quite some time and continues to worsen. The crisis is exacerbated by the rise in unemployment and lost wages in times like the current COVID-induced economic downturn but tempered by the unprecedented level of federal dollars that Congress has aimed at affected individuals and businesses.”
–From an MBA CONVERGENCE environmental scan examining affordability challenges in rental housing markets.
FHFA Issues Proposed Rulemaking to Amend GSE Regulatory Capital Framework
It’s been a busy week for the Federal Housing Finance Agency. On Tuesday, FHFA and the Treasury Department suspended certain provisions added to the Preferred Stock Purchase Agreements with Fannie Mae and Freddie Mac. On Wednesday, FHFA announced a notice of proposed rulemaking to amend the Enterprise Regulatory Capital Framework for Fannie Mae and Freddie Mac.
Andrew Peters and Sonny Abbasi of Lenderworks: Growing Your Business and Staying Compliant in a Changing Landscape
The likelihood of more aggressive federal enforcement is of special concern to smaller, growing mortgage lenders.
MBA Annual21: ConcertMBA Presents OneRepublic to Benefit MBA Opens Doors Foundation
OneRepublic will take the stage for Concert MBA at the Mortgage Bankers Association’s Annual Convention & Expo to benefit the MBA Opens Doors Foundation.
Chris Joles of Planet Home Lending: Returning to Work: How Technology Can Help Employees get Back to the Workplace
Regardless of whether work from anywhere (WFX) stays in place or not, there are risks and concerns companies must evaluate. Some of the most important factors to evaluate are IT security, employee productivity, business continuity, operational flexibility and regulatory response.
Sponsored Content from WFG: MBA Reports of Falling Per-Loan Profits Prompt Calls for Greater Efficiencies
On Aug. 30, Mortgage Professional America reported “Independent mortgage banks and mortgage subsidiaries of chartered banks reported hefty declines in their profit in the second quarter of 2021.”
Joe Puthur of Mortgage Coach: Fair Lending Compliance is a Competitive Advantage
Strengthening mortgage accessibility industry-wide is not a burden, but an opportunity that should be embraced. Every qualified loan is good business and new affordability goals and programs instantly broaden the marketplace of eligible buyers.