When the full effects of the coronavirus pandemic began hitting in March 2020, the Mortgage Bankers Association quickly realized that life as usual—and business as usual—could take a long time to return to “normal.”
Category: News and Trends
Retail, Industrial Single Tenant Net Lease Cap Rates Reach New Lows
Cap rates for net lease retail and industrial assets reached record lows during the first quarter as investor demand for these properties reached “historic” levels, reported Boulder Group, Wilmette, Ill.
Seth Appleton: 4 Key Business Challenges MISMO is Addressing
MISMO’s mission is to develop industry standards to solve real estate finance’s thorniest and most pressing business challenges. To make this happen, we drive collaboration across the mortgage industry and draw participation from all facets of the ecosystem.
Brian Lynch: A Deeper Dive into Mortgage Accounting: Financial Reporting is More Important Than Ever Before
Loan officers, branch managers, c-level executives and more need access to granular financial data and in-depth accounting tools in a changing market. The pandemic rapidly spurred the adoption of tech solutions and heightened the industry’s reliance on technology – from helping lenders operate, to supporting loan officers in their day-to-day tasks, to increasing daily efficiencies for the accounting department.
MBA: Share of Loans in Forbearance Hits Pre-Pandemic Low
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance decreased by 6 basis points to 4.90% of servicers’ portfolio volume as of March 28 from 4.90% the prior week–the fifth consecutive weekly drop and the lowest level in more than a year. MBA estimates 2.5 million homeowners remain in forbearance plans.
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“It was critically important for MBA to engage with its members and convey important information while providing a way for them to connect with their peers. Members normally would have done this in-person. That need increased during the pandemic—and we have responded accordingly.”
–MBA Chief Operating Officer Marcia Davies, on the success of MBA’s virtual conference series, MBA LIVE.
MBA Urges No Delay to CFPB QM Final Rule
The Mortgage Bankers Association, in a letter yesterday to the Consumer Financial Protection Bureau, urged the Bureau not to delay the effective date of its new General Qualified Mortgage Rule, saying the Bureau’s rationale for delaying the rule would not accomplish its stated goals nor benefit consumers.
Jennifer Henry: How Cloud-Based Solutions are Powering the Digital Mortgage Transformation
Cloud computing allows the mortgage ecosystem to no longer be as segmented but rather, exist in a more holistic environment of insights and solutions that deliver a seamless digital experience. Mortgage professionals are already leveraging cloud technology to make smarter, more informed decisions.
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.
Bob Mansur, CMB, AMP: What Kind of LO Goals Do You Set?
Does your company have a process of activities that, when followed, significantly increases a motivated LOs likelihood of success? Well, if your company is like most in this industry, you know the answer to that question.