Registration for the Mortgage Bankers Association’s Annual Convention & Expo, taking place Oct. 17-20 at the San Diego Convention Center, is officially open. Join MBA in San Diego as Academy Award- and Presidential Medal of Freedom Award-winning actress Rita Moreno keynotes the mPower Luncheon on Tuesday, Oct. 19.
Category: News and Trends
MBA DEI Leadership Awards: Nomination Deadline Aug. 13
Inspire change; share success. The Mortgage Bankers Association recognizes residential and commercial/multifamily members who show leadership in the areas of Diversity, Equity and Inclusion (DEI) internally through market outreach efforts with its annual DEI Leadership Awards.
MBA Advocacy Update Aug. 9 2021
Last week the Senate Banking Committee held a hearing on several housing nominees, including Julia Gordon to be HUD’s Assistant Secretary of Housing and FHA Commissioner. In other FHA news, the agency released formal waivers of provisions in two recent Mortgagee Letters that would have required servicers to halt forbearance exit reviews and re-review borrowers that already have viable home retention plans in process.
People in the News August 10, 2021
SimpleNexus, Lehi, Utah, announced executive appointments in operations and revenue generation.
Proptech Changes Real Estate Industry
Real estate has not always been seen as the most technology-focused industry, but that is changing fast, the Urban Land Institute and law firm Goodwin said.
MBA Chart of the Week Aug. 9, 2021: Share of Monthly Forbearance Exits by Reason
According to MBA’s Weekly Forbearance and Call Volume Survey, the share of loans in forbearance dropped to 3.47 percent of servicers’ portfolio volume as of July 25, 2021, from a peak of 8.55 percent as of June 7, 2020. While the number of borrowers exiting forbearance has fluctuated from one month to the next, with the largest number of reported exits in July and October of last year, the post-forbearance outcomes for borrowers have differed.
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“MBA will continue to oppose any attempts at legislative or regulatory change pertaining to the FCA that reduces access to credit and leads to higher costs of FHA financing for first-time, low- to moderate-income and minority homebuyers.”
–Bill Killmer, MBA Senior Vice President for Legislative and Political Affairs.
Fitch Ratings: Environmental Factors Can Affect CMBS Large Loan Ratings
Fitch Ratings, New York, said a property’s environmental impact and sustainability may influence commercial mortgage-backed securities bond ratings in single-asset single-borrower and large-loan transactions.
MBA RIHA: Fewer Households Missed Housing Payments in Second Quarter
Slightly under five million households did not make their rent or mortgage payments in the second quarter, updated research from the Mortgage Bankers Association’s Research Institute for Housing America reported.
Yardi Matrix: Institutions ‘Flocking’ to Build Single-Family Rentals
As the single-family rental market evolves, institutional players are jumping in with more than $10 billion allocated to the sector by institutions over the last few years, reported Yardi Matrix, Santa Barbara, Calif.