Serious delinquency rates in August improved once more across all consumer credit segments even as the number of people in accommodation programs dropped for the second consecutive month, reported TransUnion, Chicago.
Category: News and Trends
MBA Awards $135,000 in Path to Diversity Scholarships
The Mortgage Bankers Association awarded more than $135,000 in scholarships to 166 women and minorities under its Path to Diversity (P2D) Scholarship Program during FY2020. Scholarships recognize existing industry professionals from MBA member companies seeking to advance their careers through MBA Education programs and courses.
MBA Advocacy Spurs Crackdown on Deceptive VA Loan Marketing
The settlements signal a remarkable effort by the Consumer Financial Protection Bureau to hold lenders accountable for their dealings with the nation’s veterans—and the culmination of advocacy by the Mortgage Bankers Association to protect earned benefits for servicemembers, veterans and surviving spouses.
Dealmaker: New York Life Real Estate Investors Originates $662M
New York Life Real Estate Investors, New York, originated $662 million for industrial and multifamily properties throughout the United States.
MBA Education Path to Diversity Scholar Profile: Christa Thomas
(One of a continuing series of profiles of participants in the MBA Education Path to Diversity (P2D) Scholarship Program, which enables employees from diverse backgrounds to advance their professional growth and career development.)
A Movement, Not a Moment: MBA Kicks Off CREF Diversity, Inclusion and Equity Campaign
The Mortgage Bankers Association is uniquely positioned to help our members and the commercial real estate finance industry address long-standing issues of social justice and inclusion as the premier trade association representing real estate finance.
MBA LIVE: Virtual Annual Convention & Expo Oct. 19-21
MBA is gearing up for its first-ever virtual Annual Convention & Expo. Taking place October 19-21 via MBA LIVE, attendees can connect whenever they want, from wherever they want.
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“We’re adhering to our mission statement of promoting fair and ethical lending practices. We don’t condone deceptive advertising, and it is absolutely appropriate for regulators to police the market and ensure that any materials sent to consumers are clear and accurate.”
–Dan Fichtler, MBA Associate Vice President of Housing Finance Policy.
Mortgage Applications Rise 7% in MBA Weekly Survey
Despite a jump in key mortgage interest rates, mortgage applications increased from one week earlier, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending September 18.
Atlanta Fed’s Brian Bailey, CRE, Dishes on Commercial Real Estate Risks
With just under two decades wearing different hats in the commercial real estate industry before joining the bank, Bailey is a CRE subject matter expert in the Atlanta Fed’s Supervision, Regulation and Credit division. In addition to previous roles as an appraiser, consultant and property developer, Bailey holds CCIM and CRE designations. MBS Newslink interviewed Bailey to get his perspective on the current environment.