MBA Education’s popular Certified Mortgage Compliance Professional certification and designation program recently awarded the CMCP designation to the first mortgage professional to complete all three levels of the program.
Category: News and Trends
Prashant Kothari of SitusAMC Insights: Title, Mortgage Industries Share Same Challenges; None Insurmountable
Prashant Kothari is Managing Director of SitusAMC’s Title Production Services and has nearly three decades of mortgage and title industry experience. He began his career in the mortgage division of Kidder, Peabody & Co. followed by multiple roles at Freddie Mac, including working in the Freddie’s Office of the President.
MBA Chart of the Week Sept. 10 2021–Commercial/Multifamily Property Values
Commercial and multifamily property prices are the product of two things: a) the net operating income (NOI) a property produces and/or is expected to produce and b) the multiple of that income (the capitalization or “cap” rate) investors are willing to pay in order to own that income stream.
CMBS Delinquency Rate Drops Sharply
The commercial mortgage-backed securities delinquency rate declined sharply in August, posting the largest drop in six months, reported Trepp LLC, New York.
MBA Advocacy Update Sept. 13, 2021
On Thursday, five House committees, including the House Ways and Means Committee, began to consider their respective reconciliation bills as a non-binding September 15 deadline approaches. Also last week, the Federal Housing Finance Agency announced the GSEs will submit Equitable Housing Finance Plans that will identify and address barriers to sustainable housing opportunities.
MBA, ‘Main Street Employers’ Urge Restraint on Tax Measures
The Mortgage Bankers Association and a broad-based coalition of more than 100 organizations known as “Main Street Employers” want to make sure the burden of financing proposed spending bills in Congress does not fall on individual and family-owned businesses.
MBA Appoints Amber Lawrence as AVP of Diversity, Equity and Inclusion
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.
Dealmaker: Stonehill Closes $104M Hotel Construction Loan
Direct hospitality lender Stonehill Strategic Capital, Atlanta, closed a $104 million construction loan with TPI Hospitality for a Margaritaville Resort in Fort Myers Beach, Fla.
Foreclosure Activity Increases after Moratorium Ends
Foreclosure activity increased significantly in August after the federal foreclosure moratorium ended July 31, reported ATTOM, Irvine, Calif.
The Week Ahead Sept. 13, 2021: Five Things to Watch
Good morning! Welcome to another busy week for the real estate finance industry. Here are Five things to watch for this week: