Quote

“Our organizations are committed to increasing homeownership rates for all people of color and closing the homeownership gap, but we cannot do so when we continue to lose more homeowners to COVID-19-related financial hardships.”
–From an MBA/trade group letter to President Biden requesting a $25 billion Housing Assistance Fund to assist homeowners at risk.

Two Events Under One Roof: CREF21 and CMST Feb. 3-4

This year MBA will hold its Commercial Real Estate Finance/Multifamily Convention & Expo and Commercial/Multifamily Servicing and Technology Conference together in one virtual event on February 3-4.

Brian D. Pannell: Paradigm Shift

Brian D. Pannell, Chief eServices Executive with DocMagic, Torrance, Calif., examines key changes the mortgage industry has seen over the past year.

Kraninger Steps Down as CFPB Director

Consumer Financial Protection Bureau Director Kathy Kraninger announced her resignation yesterday effective immediately, paving the way for President Joe Biden’s nominee, Rohit Chopra, to take over the agency.

FHA to Permit DACA-Status Recipients to Apply for FHA-Insured Mortgages

HUD said this morning it will permit individuals classified under the “Deferred Action for Childhood Arrivals” program (DACA) with the U.S. Citizenship & Immigration Service and are legally permitted to work in the U.S. to apply for mortgages backed by FHA.