Given the necessary delay that must precede the analysis of post-closing data, it is easy to forget the significance of these findings. However, mistakes made in the past often do not remain so, especially when those mistakes go unaddressed. Thus, lenders have a great deal to learn from their post-closing quality control analyses, even more so given the market disruptions and macroeconomic impact of COVID-19.
Category: News and Trends
MBA Advocacy Update: Apr. 19, 2021
On Thursday, the House Financial Services Committee held hearings on the LIBOR transition and laying the groundwork for parts of President Biden’s $2 trillion infrastructure proposal. MBA also issued a MAA Call to Action last week in response to the implementation of the product caps placed on Fannie Mae and Freddie Mac by the Senior Preferred Stock Purchase Agreements.
MBA Seeks Nominations to Serve on COMBOG
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.
MBA Chart of the Week: New Home Sales, Single-Family Housing Starts
This week’s MBA Chart of the Week focuses on newly built homes, as measured by new home sales and single-family housing starts.
Dealmaker: Cushman & Wakefield Arranges $750M for Bay-Area Office Campus
Cushman & Wakefield, New York, arranged $750 million to refinance Burlingame Point, a Class A office, R&D and life sciences campus on the San Francisco peninsula.
March Housing Starts Post at Highest Rate in 15 Years
Housing starts recovered from a sluggish February to its highest rate since 2006 in March, HUD and the Census Bureau reported Friday.
Trepp: 4Q Bank CRE Loan Data Show ‘Elevated Distress’
The U.S. economy is well into its recovery from the pandemic recession, but Trepp LLC, New York, noted bank commercial real estate loans indicated “elevated distress” in the fourth quarter.
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.
10 Companies Now MISMO RON-Certified
MISMO®, the real estate finance industry’s standards organization, today announced that 10 companies have successfully completed MISMO RON certification. Black Knight and Stavvy join eight previously certified companies.
The Week Ahead—Apr. 19, 2021
Good morning! The Mortgage Bankers Association’s Spring Conference & Expo is upon us!