The Bank Secrecy Act and Anti-Money Laundering Act remain a top priority for bank regulators. Virtually all large U.S. banks are or recently have been under enforcement actions for BSA/AML violations.
Category: News and Trends
CMBS Delinquency Rate Drops 8th Straight Month
In February, the commercial mortgage-backed securities delinquency rate saw its largest improvement since the pandemic started last year, reported Trepp, New York.
CFPB Study: 11 Million Families at Risk of Losing Housing
With federal foreclosure moratoria slated to end June 30, the Consumer Financial Protection Bureau this week issued a report warning of widespread evictions and foreclosures, absent additional public and private action.
Dealmaker: Gantry Arranges $77M for Industrial Assets
Gantry, San Francisco, secured $77.1 million in acquisition financing for two Arizona industrial properties.
Joe Murin of JJAM Financial Services on the Future of the Housing Market—and the GSEs
Joe Murin is Chairman of JJAM Financial Services, Pittsburgh, Pa., which he founded in 2014. He previously served as Chairman of Chrysalis Holdings LLC and as CEO of ANC Holdings LP. Before that, he was Vice Chairman of The Collingwood Group and served as President of Ginnie Mae during the Obama Administration.
Industry Briefs Mar. 3, 2021
Equifax, Atlanta, launched its Ignite Lost Sales Analysis platform, which leverages the Equifax cloud to provide the differentiated data, actionable insights and clear visualizations lenders need during prospecting, origination and portfolio retention.
MBA Weekly Survey Mar. 3: Rates Up; So Are Applications
Mortgage interest rates jumped sharply last week, and mortgage applications increased as well, as some home buyers sensed the possible end of a good thing, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending February 26.
MBA Premier Member Profile: Snapdocs
Snapdocs is a mortgage technology company that is hyper-focused on defragmenting the critical last mile in the loan origination lifecycle, the closing process.
Quote
“The housing market is entering the busy spring buying season with strong demand. Purchase applications increased, with a rise in government applications – likely first-time buyers – pulling down the average loan size for the first time in six weeks.”
–Joel Kan, MBA Associate Vice President of Economic and Industry Forecasting.
CRE Policymaking in a Pandemic
The Mortgage Bankers Association’s Capital Council hosted a panel on Thursday. Amidst an active policy landscape, commercial real estate advocates representing broad member constituencies discussed priorities for the new Congress and the Biden Administration.