MBA CONVERGENCE, the Mortgage Bankers Association’s initiative to promote minority homeownership opportunities, launches its second major pilot program July 21 in Columbus, Ohio.
Category: News and Trends
Louis Zitting: Are You Giving Your Old Contacts a Fresh Look?
The reality is that most loan officers with a good-sized database have plenty of contacts who are ready to finance or refinance right now—they just don’t know who they are. But there are ways to identify them and turn a missed opportunity into a success story.
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.
The Week Ahead—July 19, 2021
Good morning! Welcome to a new week.
Dealmaker: Dwight Capital Closes $121M in HUD 223(f) Financings
Dwight Capital, New York, closed $121.3 million in HUD 223(f) financings during June.
Maintenance on Nationwide Multistate Licensing System, NMLS Consumer Access Scheduled for July 21-26
The Nationwide Multistate Licensing System (NMLS) and NMLS Consumer Access will be unavailable due to planned system maintenance Wednesday, July 21 at 8:00 PM ET through Monday, July 26 at 7:00 AM ET.
New Alliance Seeks ‘Roadmap to Equity’ in Commercial Real Estate
The commercial real estate industry lacks diversity, and industry leaders agree that transformation is imperative.
MBA Advocacy Update July 19, 2021
On Friday, FHFA announced the removal of the GSEs’ 50-basis-point adverse market fee in response to both industry advocacy and improved market conditions.
MBA Chart of the Week, July 19, 2021: Home Prices, Rent and Inflation
Federal Reserve Chair Jay Powell testified before Congress last week and received several questions regarding recent inflation trends, with overall CPI inflation increasing 5.4 percent in June 2021 compared to a year ago. This followed readings of 4.2 percent in April and 5.0 percent in May. The headline inflation number was the highest in 13 years, while the recent monthly pace of core inflation is the highest since the early 1980s.
FHFA Eliminates 50 Basis Point ‘Adverse Market Refinance Fee’
The Federal Housing Finance Agency announced that Fannie Mae and Freddie Mac will eliminate the 50 basis point “Adverse Market Refinance Fee” for loan deliveries effective August 1.