On Tuesday, the Federal Housing Finance Agency published its yearly Report to Congress, which provides details on the Agency’s activities over the course of the past year, including its actions as conservator of Fannie Mae and Freddie Mac. On Wednesday, the House Financial Services Committee passed a package of bills that would establish a new series of environmental, social and corporate governance reporting requirements for publicly traded companies.
Category: News and Trends
James Deitch, CMB: Evolutionary vs. Revolutionary in Mortgage Lending
When Jim Deitch, CEO of Teraverde, and Alex Kutsishin, CEO of Sales Boomerang, sat down to discuss business and development of Sales Boomerang, the conversation was sure to be vibrant.
MBA Chart of the Week June 21, 2021: MBA Wholesale Lending Survey
In third quarter 2020, MBA launched a new Wholesale Lending Survey for members to track broker wholesale and non-delegated correspondent volume and related metrics. This week’s chart shows the percentage change from the previous month in average broker-wholesale and non-delegated correspondent volume.
MBA Weighs In With SEC on Climate-Related Disclosures
The Mortgage Bankers Association last week urged the Securities and Exchange Commission to follow a set of guiding principles as it considers climate-related disclosures.
Lennar Mortgage Takes Creative Approach to Raise $62,000 for MBA Opens Doors Foundation
The MBA Opens Doors Foundation is grateful for the member company campaigns that support its mission—and for the creative approaches that companies such as Lennar Mortgage, take to help further that mission.
Jim Paolino of Mortgage Sentinel: It’s Time for Lenders to Start Planning for a Changing Market
Demographic and other changes indicate mortgage industry is at a crossroads with the way we’ve done business for years.
MBA Endorses Plan to Significantly Increase Black Homeownership by 2030
The Mortgage Bankers Association endorsed an announcement by the Black Homeownership Collaborative to close the Black homeownership gap through its 7-point plan – a solutions-based initiative to increase Black homeownership by 3 million net new households by 2030.
Homebuying Demand Lets Up a Bit as Prices Soar
Fierce competition continues to drive home prices up, but home tours, offers and pending sales have slowed, according to a new report from Redfin, Seattle.
Most Senior CMBS Found ‘Resilient’ Under Stress Test
Most high investment-grade rated commercial mortgage-backed securities multi-borrower bonds can withstand downgrades under a new hypothetical stress test, Fitch Ratings reported last week.
Dealmaker: CIT Arranges $33M for Brooklyn Medical Office Building
CIT Group Healthcare Finance, New York, arranged $33.2 million for a Brooklyn, N.Y., medical office building.