Ahead of a scheduled vote Wednesday on part of the Biden Administration’s multi-billion-dollar infrastructure bill, the Mortgage Bankers Association sent a letter to the House Transportation and Infrastructure Committee urging support for two provisions that support affordable housing incentives.
Category: News and Trends
Industry Briefs June 9, 2021
The Mortgage Collaborative, San Diego, announced results of its inaugural The Pulse of the Mortgage Industry survey ranking mortgage lenders’ top concerns based on 598 executive responses from the co-op’s 234 lender members.
JLL: Offices Will Evolve as They Re-Emerge
JLL, Chicago, said it expects offices to re-emerge as the “beating heart” of re-energized central business districts as the recovery progresses.
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.
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 CONVEREGENCE Memphis Information and Trust Gap Workstream.
MBA DEI Leadership Awards: Nomination Deadline Aug. 13
The Mortgage Bankers Association recognizes residential and commercial/multifamily members who show leadership in the areas of Diversity, Equity and Inclusion (DEI) internally through market outreach efforts with its annual DEI Leadership Awards. Nomination deadline for this year’s awards is Aug. 13.
Dealmaker: Avison Young Closes $59M Office Portfolio Sale
Avison Young’s Florida Capital Markets Group sold Pinnacle Corporate Park, a two-building Class A office portfolio in Fort Lauderdale, Fla., for $58.8 million.
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“With fewer homeowners able to take advantage of lower rates, the refinance share dipped to the lowest level since April. Purchase applications were up slightly last week, and the large annual decline was the result of Memorial Day 2021 being compared to a non-holiday week, as well as the big upswing in applications seen last May once pandemic-induced lockdowns started to lift.”
–Joel Kan, MBA Associate Vice President of Economic and Industry Forecasting.
Share of Mortgage Loans in Forbearance Dips Slightly to 4.16%
The share of loans in forbearance haven’t moved much lately–but for the past 14 weeks, they’ve been moving down, the Mortgage Bankers said Monday.
MBA, Trade Groups Urge Federal Agencies to Continue Alignment of QM/QRM Frameworks
The Mortgage Bankers Association and a half-dozen industry trade groups asked federal regulatory agencies to hold implementation of new credit risk retention guidelines until the Consumer Financial Protection Bureau implements its updated Qualified Mortgage general definition.