The Mortgage Bankers Association learned of the recent death of Michael W. Young, who founded Cenlar Federal Savings Bank, Ewing, N.J., and served as MBA Chairman in 2011-2012.
Category: News and Trends
Dealmaker: NorthMarq Secures $35M to Refinance Mixed-Use, Multifamily
NorthMarq, Minneapolis, arranged $35M to refinance mixed-use and multifamily properties in Texas and Arizona.
Tom Millon, CMB, of Computershare Loan Services on Default Loan Servicing
Tom Millon, CMB, is CEO of Computershare Loan Services US, Ponte Vedra Beach, Fla.
Shawn Ansley of VICE Capital Markets: The Need for Strong Data/System Integrations in Hedging
While “The Law of Averages” may apply to a wide variety of activities, hedging isn’t one of them. For a mortgage lender to extract the most value out of their hedging strategy, that strategy must be specific to their organization and its unique make-up.
Sponsored Content from InRule: Transform Mortgage Lending and Real Estate with Machine Learning
Discover five common scenarios in mortgage lending to help your enterprise get started with machine learning.
MISMO Launches eMortgage Technology Certification Program
MISMO®, the real estate finance industry’s standards organization, launched an eMortgage Technology Certification program to assist lenders in identifying products that comply with industry standards.
MBA: 1st Quarter Commercial/Multifamily Mortgage Debt Up 1.1%
Commercial and multifamily mortgage debt outstanding rose by $44.6 billion or 1.1 percent in the first quarter, the Mortgage Bankers Association’s latest Commercial/Multifamily Mortgage Debt Outstanding report said.
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“Purchase activity also rebounded, even as supply constraints continue to slow the housing market. An almost 5 percent increase in government purchase applications drove most of last week’s gain while also tempering the recent growth in loan sizes. Purchase applications were still down 17 percent from a year ago, which was when the mortgage market started seeing large post-shutdown increases in activity.”
–Joel Kan, MBA Associate Vice President of Economic and Industry Forecasting.
Share of Mortgage Loans in Forbearance Decreases to 4.04%
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance decreased by 12 basis points to 4.04% of servicers’ portfolio volume as of June 6 from 4.16% the prior week–the 15th consecutive week of declines.
Industry Briefs June 16, 2021
The Federal Housing Finance Agency issued a Request for Input on executive compensation at its regulated entities: Fannie Mae and Freddie Mac and the Federal Home Loan Banks.