NotaryCam, Newport Beach, Calif., partnered with RUTH RUHL P.C., a Texas-based law firm, to add security and automation to the firm’s loss mitigation services through remote online notarization.
Category: News and Trends

MBA Seeks Participants in New Diversity, Equity and Inclusion Study
The Mortgage Bankers Association introduces a new offering to its members — the Diversity, Equity and Inclusion (DEI) Study — separately designed and compiled for both the residential and commercial/multifamily sides of the real estate finance industry

Quote
“MBA appreciates and supports the Biden administration and CFPB awareness campaign to make sure tenants and landlords take advantage of the emergency rental assistance programs available to help cover rent, utilities and other housing costs. With the CDC nationwide eviction moratorium set to expire on July 31, we are working closely with our multifamily loan servicing members to communicate to their borrowers that billions of dollars is available to help tenants and landlords in need.”
–MBA President and CEO Bob Broeksmit, CMB.

MBA Supports CSBS Prudential Standards for Nonbank Mortgage Servicers
On Tuesday the Conference of State Bank Supervisors released model state regulatory prudential standards for nonbank mortgage servicers. MBA President and CEO Bob Broeksmit, CMB, immediately expressed support for the standards.

MBA MAA ‘Call to Action’ on GSE ‘G-Fees’
The Mortgage Bankers Association’s grassroots advocacy arm, the Mortgage Action Alliance, issued a ‘Call to Action’ on Monday to its 70,000-plus members urging them to tell their elected officials to not use government-sponsored enterprise guaranty fees (g-fees) as a source of funding offsets.

Mark P. Dangelo: The Dark Matter Transforming M&A Post-Deal Landscapes, Part 1
Industry 4.0 for banking and financial services is changing the landscape of the who, what, where, why, and how of M&A targets and post-deal actions. Prescriptions are out—a new framework is in due to non-stop deals, vast data, and layers upon layers of new innovations. M&A actions moving forward are all about “Are we asking the right questions?”

Rent, Mortgage Linked to Worse Health Outcomes During Early Stages of Pandemic
Needing to make rent or mortgage payments was significantly associated with health and mental distress during the early months of the COVID-19 pandemic, the University of Michigan School of Public Health reported.

Case-Shiller: Record High Annual Home Price Gain in May
U.S. housing price growth set a record for the second consecutive month in May, the Standard & Poor’s CoreLogic Case-Shiller Home Price Indexes reported.

MBA Supports CSBS Prudential Standards for Nonbank Mortgage Servicers
On Tuesday the Conference of State Bank Supervisors released model state regulatory prudential standards for nonbank mortgage servicers. MBA President and CEO Bob Broeksmit, CMB, immediately expressed support for the standards.

Case-Shiller: Record High Annual Home Price Gain in May
U.S. housing price growth set a record for the second consecutive month in May, the Standard & Poor’s CoreLogic Case-Shiller Home Price Indexes reported.