The Mortgage Bankers Association and nearly 100 industry trade and community organizations sent a letter to the House this week urging support for legislation that would promote housing development and construction near transit hubs.
Category: News and Trends
MBA, Trade Groups Support ‘Tough Legacy’ LIBOR Draft Legislation
The Mortgage Bankers Association and nearly 20 other industry trade associations sent a letter this week to House Financial Services Committee leadership in support of draft legislation that would address “tough legacy” contracts that use the London Inter-Bank Offered Rate, or LIBOR.
‘Big Money’ Investment Activity Drops Significantly During Pandemic
Major institutional real estate owners’ investment activity fell significantly due to the pandemic, but their portfolio allocations did not deviate significantly, reported Reonomy, New York.
Dealmaker: Arbor Funds $143M in Multifamily Bridge Loans
Arbor Realty Trust, Uniondale, N.Y., closed bridge transactions totaling $143 million in Georgia, North Carolina and Texas.
MBA Seeks Nominations for Residential Board of Governors; Deadline Apr. 30
On behalf of Mortgage Bankers Association Residential Board of Governors (RESBOG) Chair John Hedlund and Vice Chair Al Blank, MBA seeks members’ recommendations for individuals/companies to serve on RESBOG in future terms.
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“The Build More Housing Near Transit Act can and should find a home in the infrastructure package that Congress will soon debate. It is a smart, bipartisan, and low-cost solution needed to improve America’s infrastructure and Americans’ quality of life.”
–From an MBA/coalition letter to Congress urging support of H.R. 4307, which would promote housing development and construction near transit hubs.
Nick Volpe: A Brief History of Defects; Q3 2020’s Loan Quality Performance Sets Stage for Areas of Concern in 2021
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.
Rob Wilson: Relationships Need to be Transformational, Not Transactional
The mortgage business is inherently transactional and cyclical, with ever-changing rates, high-highs and low-lows, and this trend is not expected to change any time soon. The circumstances due to the pandemic mirror those of the economic downturn in 2008, and in both situations, it was crucial to have formed two-way partnerships with others in the industry who had a vested interest in mutual success and propelling both businesses forward.
Sponsored Content from SWBC: COVID-19 Disruptions Drive Tech-Focused Lender-Placed Insurance Programs
In this article, we’ll discuss how electronic data interchange (EDI) and robotic processing automation (RPA) technology are helping mortgage servicers improve the efficiency of their LPI process.
Bob Mansur, CMB, AMP: Are Your LOs Behaving the Way You Expect?
The first article of this series addressed the use of behavioral activities as enabling goals. Their purpose: to help LOs who were struggling to reach the production goals to which you and they had agreed. This follow-up piece looks at management’s additional actions to consistently communicate about those observable activity goals.