Between stay-at-home orders, historical levels of refinance activity and the big increase in forbearance requests, mortgage originators and servicers spent the past year continually creating and re-creating ways to get things done. Here’s some of the things we saw.
Category: News and Trends
Sponsored Content from Calyx: Non-QM–The Big Pause, the New Rules and What’s Ahead
LoanScorecard’s Managing Director, Raj Parekh, looks at the new rules and what’s in store for non-QM.
Brace for Impact: CRE Finance Implications as LIBOR Transition Approaches
The finance industry’s march towards transition away from LIBOR index continues as the third quarter approaches. For all the talk of upward revisions to economic growth projections, the market still awaits the first balance sheet commercial mortgage loan based on SOFR index.
MBA NewsLink Tech All-Star 2021: Connecting the Mortgage Ecosystem—Matt Hansen, Founder and CEO, SimpleNexus
It’s easy to make Matt Hansen happy. “I just love writing code,” the Founder and CEO of SimpleNexus and MBA NewsLink 2021 Tech All-Star, said. “If I wasn’t writing code at work, which I did for 14 years, I was writing code at home. Even after a decade of it, I just couldn’t get enough of it.”
People in the News Apr. 23, 2021
Amerifirst Home Mortgage, Kalamazoo, Mich., appointed Thinh Nguyen to serve as its chief information officer, responsible for all aspects of the company’s IT department, including its strategy, execution and infrastructure.
MBA Seeks Nominations to Serve on COMBOG by April 30
The Mortgage Bankers Association’s Commercial Real Estate/Multifamily Finance Board of Governors (COMBOG) Nominating Committee seeks members’ recommendations for individuals to serve on the Board beginning this October in the Investor, Lender, Mortgage Banker and Servicer categories.
FHFA to Phase Out COVID-Related Loan Flexibilities By End of May
The Federal Housing Finance Agency said it would extend some temporary loan origination flexibilities for Fannie Mae and Freddie Mac through May 31—and that’s it.
#MBASpring21 Andre Perry: Don’t Recycle Discrimination
Brookings Institution Senior Fellow Andre Perry says Black-owned homes are “systemically undervalued,” with obvious adverse consequences for wealth accumulation. And he has some ideas about what can be done.
#MBASPRING21 HUD Secretary Fudge Talks COVID, Infrastructure, Enforcement
A little more than a month ago, Rep. Marcia Fudge, D-Ohio, voted “yes” to approve the American Rescue Plan, a nearly $2 trillion initiative by the Biden Administration to support the economy. Now, as HUD Secretary, it’s her job to put key provisions of the legislation into action.
Dealmaker: NorthMarq Arranges $166M in JV Equity, Construction Financing
NorthMarq, Minneapolis, arranged $166 million in joint venture equity and construction financing for a waterfront apartment development in Alameda, Calif.