Industry news from Outamation, Miles & Stockbridge and Calque.
Category: News and Trends
Mortgage Credit Availability Increased in December
Mortgage credit availability increased in December according to the Mortgage Credit Availability Index, a report from the Mortgage Bankers Association that analyzes data from ICE Mortgage Technology.
Quote of the Day
“MBA and its members stand ready to help impacted families and will work with federal and state agencies to deliver assistance as soon as possible. Our disaster recovery resource guide contains important information for affected homeowners, including what to do immediately after a disaster, starting with contacting their mortgage servicer, homeowners insurance company, and applying for disaster assistance with the Federal Emergency Management Agency.”
–MBA President & CEO Bob Broeksmit, CMB
How to Navigate Mortgage Lending Compliance Challenges: Ncontracts’ Rafael DeLeon
Let’s explore some of the most common compliance challenges mortgage lenders face and how automated compliance management processes can streamline risk mitigation.
Nanci Weissgold Appointed Chair of MORPAC for 2025-2026
The Mortgage Bankers Association announced that Nanci L. Weissgold, Partner and Co-Chair of the Alston and Bird law firm’s Financial Services Group, has been appointed chair of the Mortgage Bankers Association Political Action Committee for the 2025-2026 election cycle.
People in the News, Jan. 13, 2025
Industry personnel news from Freddie Mac, Dark Matter Technologies and BSI Financial Services.
Dealmaker: Pace Loan Group Closes $35M C-Pace Loan in Missouri
Pace Loan Group, Minneapolis, closed a $35 million C-PACE loan for a studio complex in Chesterfield, Mo., a suburb of St. Louis.
Bill Nelson Appointed Chairman of MAA for 2025-2026
The Mortgage Bankers Association announced that William Nelson, Executive Vice President, Secondary and Mortgage Operations of Standard Mortgage Corporation, has been appointed Chairman of the Mortgage Action Alliance (MAA) for the 2025-2026 election cycle.
Disaster Recovery: A Resource for Homeowners from MBA
MBA’s Disaster Recovery: A Resource for Homeowners is a resource paper for homeowners that outlines what to do before and after the disaster, along with how to start and work through the recovery process.
MBA Applauds HUD Move on Multifamily Underwriting Enhancements
MBA’s President and CEO Bob Broeksmit, CMB, released a statement on HUD’s announcement of changes to the minimum debt service coverage ratio (DSCR) and maximum loan-to-cost percentage (LTC) levels for FHA multifamily loans.