Good morning! Welcome to another extraordinary week in The Nation’s Capital.
Category: News and Trends
Dealmaker: Greystone Provides $124M for Four Multifamily Properties
Greystone, New York, provided $123.8 million for four multifamily properties in four states.
Anita Bush: Effective Forbearance Management for Mortgage Loan Servicers
In this article, we’ll address some of the servicer’s legal requirements and offer three keys to success intended to help servicers manage the post-forbearance process.
MBA Chart of the Week: NDS Seriously Delinquent Rate By Loan Type
MBA last week released its National Delinquency Survey results for the fourth quarter. The delinquency rate for mortgage loans on one-to-four-unit residential properties at the end of the quarter decreased from a seasonally adjusted rate of 7.65 percent of all loans outstanding in the third quarter to 6.73 percent in the fourth quarter. This 92-basis-point drop in the delinquency rate was the biggest quarterly decline in the history of MBA’s survey dating back to 1979.
MBA Launches Licensing Flexibility Campaign with State Partners
The Mortgage Bankers Association recently launched a new campaign with its state and local association partners aimed at updating state law and rules to provide mortgage loan originators and their state licensed employers greater flexibility for remote location work arrangements during—and especially beyond—the coronavirus pandemic.
MBA Awards $165,000 in Path to Diversity Scholarships
The Mortgage Bankers Association awarded more than $165,000 in scholarships to 192 women and minorities through its Path to Diversity (P2D) Scholarship Program during fiscal year 2020.
Tom Pearce of MAXEX on ESG Lending and Investment
Tom Pearce is a co-founder of MAXEX, Atlanta, and serves as its CEO and Chairman of the Board. He brings more than 30 years of expertise within the community banking and insurance arenas as well as expertise within the mortgage finance, credit and asset management arenas.
Quote
“It’s about much more than the ability to work from home. It’s about modernizing licensing laws for the first time in perhaps a decade that allows us to apply the lessons we are learning from the pandemic to a post-pandemic world.”
–MBA Vice President of State Government Affairs & Industry Relations William Kooper, on an MBA initiative to encourage states to provide mortgage loan originators with greater flexibility for remote location work arrangements.
Non-QM on the Upswing: A Conversation with Dane Smith, President of Verus Mortgage Capital
MBA NewsLink talked with Dane Smith, President of Verus Mortgage Capital, Washington D.C., about why the firm has chosen to work with correspondent lenders to build its portfolio of Non-Qualified Mortgage assets.
MBA Recognizes Select Members
MBA recognizes its Select Associate Members and thanks them for their continued support of MBA and the real estate finance industry.