Category: News and Trends

Quote

“The pace of new forbearance requests has been relatively flat across investor types, but for those with GSE loans, the rate of exits from forbearance regularly exceeds the rate of new requests. The exception in these trends are borrowers with Ginnie Mae loans. The loss of enhanced unemployment insurance benefits, coupled with a consistently high rate of layoffs and uncertainty about the job market, are having a disproportionate impact on FHA and VA borrowers.”
–Mike Fratantoni, MBA Senior Vice President and Chief Economist.

| By MBA NewsLink Staff

Bridge Over Troubled Water: Debt Funds and Mortgage REITs Come of Age During COVID-19

It can be challenging to raise capital for public companies involved in commercial real estate lending against a backdrop of falling stock prices. This has led to an inward focus on activities such as asset management and building liquidity for public mortgage REITs, making these market participants less active for new loan originations.

| By MBA NewsLink Staff

MBA Advocacy Update Sept. 1, 2020

On Tuesday, the Federal Housing Finance Agency announced steps to limit the impact on both lenders and consumers of its newly issued 50-basis-point GSE Adverse Market Refinance Fee. Following two weeks of sustained MBA-led advocacy with its coalition partners, FHFA delayed the implementation date of the fee from September 1 to December 1.

| By MBA NewsLink Staff

MBA Chart of the Week: Home Sales and Purchase Applications

As the U.S. economy works its way through the current pandemic and recession, housing has been a clear bright spot in an otherwise dire time. This week’s chart highlights the “V” shaped recovery exhibited by various measures of housing health.

| By MBA NewsLink Staff

People in the News Sept. 1, 2020

Promontory MortgagePath LLC, Danbury, Conn., named Scott Turnquest as Chief Technology Officer and Jordan Higgins and Kim Joyce as Regional Vice Presidents.

| By MBA NewsLink Staff

A Conversation with Scott Gesell, CEO of Gateway First Bank

Scott Gesell was recently appointed as CEO of Gateway First Bank, Tulsa, Okla. He has been an integral part of Gateway First Bank’s leadership since 2013. During his time at Gateway, he played a leading role in the merger of a 100-year-old community bank with a 20-year-old mortgage company to become Gateway First Bank.

| By MBA NewsLink Staff

Data Centers Bright Spot in Pandemic Economy

Where some see challenges, others see opportunity—and business data centers proved resilient in the first half of 2020 as many businesses implemented hybrid IT infrastructure to improve their remote work capabilities and streaming content providers saw increased viewership due to the COVID-19 pandemic, said CBRE, Los Angeles.

| By MBA NewsLink Staff

MBA Chart of the Week: Home Sales and Purchase Applications

As the U.S. economy works its way through the current pandemic and recession, housing has been a clear bright spot in an otherwise dire time. This week’s chart highlights the “V” shaped recovery exhibited by various measures of housing health.

| By MBA NewsLink Staff