MISMO® announced today it appointed Seth Appleton as its new president. Appleton currently serves as Assistant Secretary of Policy Development and Research with HUD and as Principal Executive Vice President of Ginnie Mae.
Category: News and Trends
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“The goal of this campaign is simple: Make sure borrowers facing COVID-19-related financial hardships know that help is available, but that they have to call – call their servicer, call a HUD-approved housing counselor, but please call.”
–MBA President & CEO Bob Broeksmit, CMB, announcing launch of the ‘Not Ok? That’s Ok’ Borrower Awareness Campaign.
Broeksmit: ‘MBA Was Made for Times of Crisis’
In remarks this week during the Mortgage Bankers Association’s virtual Regulatory Compliance Conference, MBA President & CEO Robert Broeksmit, CMB, said the extraordinary events of 2020 have tested everyone’s mettle—including that of MBA.
Sponsored Content from Nationwide Title Clearing: Making a Sale or Partnering?
Selling and delivering as a business partner in today’s market, with Nationwide Title Clearing VP of Sales & Marketing, Danny Byrnes.
Trevor Gauthier of ACES Quality Management on Early Payment Defaults
Trevor Gauthier is CEO of ACES Quality Management, formerly known as ACES Risk Management (ARMCO). He has more than 20 years of executive experience in leading growth initiatives for tech organizations and building teams both organically and through acquisition.
Jennifer Henry: Reducing Risk and Increasing Efficiency for Digital Mortgages with Third-Party Verifications
The digitization process has accelerated as mortgage professionals seek ways to efficiently meet the high demand for both purchase and refinance applications.
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“While the steady return to normal pre-pandemic routines brings a sense of optimism, the economic impact of COVID-19 will have a lingering effect, particularly on renters who owe back rent and were protected by eviction moratoriums. We found that there is likely enough rental assistance available, and the deployment and accessibility of these funds is vital to supporting renters and property owners in need as the country transitions to a post-pandemic normal.”
–Corey Aber, Freddie Mac Senior Director of Mission, Policy and Strategy.
CMBS Delinquency Rate Falls; Issuance Bounces Back
The commercial mortgage-backed securities delinquency rate continued to fall in October while issuance increased, said Trepp LLC and KBRA, New York.
CoreLogic: Foreclosures Remain Low; Serious Delinquencies Continue to Build Up
Ahead of this morning’s quarterly National Delinquency Survey from the Mortgage Bankers Association, CoreLogic, Irvine, Calif., said the 150-day delinquency rate reached its highest level since January 1999, noting that forbearance provisions have helped foreclosure rates maintain historic lows.
Dealmaker: CBRE Brokers $111M in California Sales
CBRE, Los Angeles, brokered two property sales in San Diego’s Kearny Mesa neighborhood for $111.3 million.