The Biden Administration’s proposed Fiscal Year 2022 Budget put down in black and white – and dollars and cents – many suggestions that have been made in more general terms in the Administration’s American Jobs and Family Plan, during the most recent presidential campaigns and in some cases going back decades.
Category: News and Trends
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“We are seeing an increase in the share of forbearance exits, where borrowers do not have a loss mitigation plan in place. Homeowners who are reaching the end of their forbearance term need to contact their servicer to discuss the next steps in the process, as servicers cannot extend the forbearance term without talking to the borrower.”
–MBA Chief Economist Mike Fratantoni.
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Nadim Homsany: How IMBs Can Digitize Mortgage Coupons to Lower Costs and Risks
Digitizing traditional paper coupons are one easy way for IMBs to increase efficiency, boost customer satisfaction and decrease the risk of payment delinquency, all while jumpstarting the move to low-risk, low-cost digitally automated processes.
People in the News June 15, 2021
Maxwell, Denver, hired Sadie Gurley as Vice President, responsible for helping the company find new opportunities and expand its impact on community lenders across the country.
Single-Family Rentals Rising: A Conversation With Berkadia
One result of a strong housing market driven by low rates, high demand and supply constraints is a substantial increase in investor interest in single-family rental housing. MBA NewsLink interviewed Berkadia executives Hilary Provinse and Dori Nolan about the SFR landscape and the outlook for this burgeoning sector.
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.
MBA CONVERGENCE Partner Profile: Cheryl Muhammad, Assured Real Estate Services
Cheryl Muhammad is owner and CEO of Assured Real Estate Services, Memphis, Tenn., which she founded in 2005. She is responsible for the company’s day-to-day operations. She has been an award-winning full-time real estate agent since 1999. She serves as Co-Chair of the CONVERGENCE Memphis Information and Trust Gap Workstream.
MBA Advocacy Update June 14, 2021
Last week on Capitol Hill, the House Transportation & Infrastructure Committee held a markup on the INVEST in America Act, and HUD Secretary Marcia Fudge appeared before the Senate T-HUD Appropriations subcommittee to discuss the FY 2022 budget. On Monday, Freddie Mac issued a bulletin providing further details regarding its implementation of recently-adopted limits on deliveries of loans secured by second homes and investor properties.
Dealmaker: JLL Secures $36M For Industrial, Retail
JLL Capital Markets, Chicago, arranged $36.2 million in acquisition and refinancing for industrial and retail assets in Pennsylvania, New Jersey and Florida.