Merchants Capital, Carmel, Ind., provided $21.5 million in financing for a Minneapolis apartment community currently under construction, The Bessemer at Seward Commons.
Category: News and Trends
MBA Premier Member Profile: LBA Ware
Founded in 2008, LBA Ware™, Macon, Ga., is the leading provider of automated incentive compensation management and business intelligence software for mortgage lenders. Our suite of solutions helps mortgage lenders reach new heights with software that integrates data, incentivizes performance and inspires results.
The Week Ahead—Dec. 14, 2020
We’re almost upon the holiday break—which is often the busiest time of the year here in Washington, as Congress attempts to wrap up its business and get out of town and the Mortgage Bankers Association wraps up its calendar-year activities.
Participate in MBA/STRATMOR 2021 Peer Group Roundtables
Is your company flying blind with incomplete or incomparable data to support key business decisions? Consider joining an elite group of 100+ lenders this spring that participate in the MBA and STRATMOR Peer Group Roundtables (PGR).
Andrew Foster: Top Five Commercial Mortgage Servicing Issues to Watch in 2021
While most will be monitoring increased infections and the progress of vaccine distribution and effectiveness, loan servicing and asset management professionals will have some additional factors impacting their organizations and books of business in the new year
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“MBA applauds the Bureau for releasing the final General and Seasoned QM rules. The revisions to these rules will preserve and expand responsible access to affordable credit while retaining core consumer protections. In particular, these rules remove cumbersome requirements for non-traditional sources of income and expand consumers’ choices. MBA appreciates the Bureau’s effort to seek stakeholder input, and we look forward to continuing to work together on other issues aimed at protecting consumers.”
–MBA President & CEO Robert Broeksmit, CMB.
Greg Holmes of Credit Plus on COVID Challenges
Greg Holmes is Managing Partner with Credit Plus Inc., Salisbury, Md., a third-party verifications company serving the mortgage industry.
The Redesigned URLA Is Coming Jan. 1. Are You Ready?
Fannie Mae and Freddie Mac (the GSEs) will ring in the New Year by starting to accept the redesigned Uniform Residential Loan Application (URLA) and updated automated underwriting system (AUS) loan application submission files based on MISMO v3.4.
CFPB Issues Final QM Mortgage, Seasoned QM Rules
The Consumer Financial Protection Bureau on Thursday issued final rules related to qualified mortgage loans. The Mortgage Bankers Association provided preliminary summaries of the final rules.
FHFA Further Extends COVID-Related Facilities
The Federal Housing Finance Agency on Thursday announced Fannie Mae and Freddie Mac would extend several loan origination flexibilities until January 31, from Dec. 31.