State regulators encourage individuals and businesses that provide mortgage, money transmission, debt collection and consumer financial services to renew their licenses in Nationwide Multistate Licensing System by November 30 to avoid processing delays.
Category: News and Trends
Debarchana Roy: Touchless Covid-Tech to Support Customer Well-Being, Customer Engagement
The shift to digital-first technology has accelerated greatly. Once far on the horizon, digital adoption is no longer an option. Lenders must embrace digital solutions and explore augmented technology to meet consumers where they are and on their own time.
CMBS Special Servicing Rate Slips; Issuance Could Bounce Back in 2021
Trepp, New York, reported the commercial mortgage-backed securities special servicing rate inched down in October after peaking in September.
Mortgage Applications Increase on Record-Low Interest Rates in MBA Weekly Survey
With mortgage rates falling record lows for the 14th time this year, borrowers took the bait, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending November 20.
Industry Briefs Nov. 25, 2020
The Federal Housing Finance Agency released its annual Performance and Accountability Report, which details FHFA’s activities as regulator of the Federal Home Loan Bank System and as regulator and conservator of Fannie Mae and Freddie Mac during fiscal year 2020.
Absent Inventories, Home Prices Continue to Soar
November saw no letup in the S&P CoreLogic Case-Shiller Home Price Indices, with home prices nationwide jumping by 7 percent annually. And the Federal Housing Finance Agency said it was even more, rising by nearly 8 percent.
COVID Fatigue Takes Toll on Consumer Confidence
The Conference Board, New York, said its Consumer Confidence Index fell again in November amid a sharp spike in coronavirus cases nationwide.
FHFA: 2021 GSE Conforming Loan Limits Increase to $548,250
The Federal Housing Finance Agency yesterday announced a nearly $40,000 jump in maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2021.
Dealmaker: Capital One Closes $33M in Freddie Mac, Fannie Mae Loans
Capital One, Bethesda, Md., provided $33.3 million in Fannie Mae and Freddie Mac loans to refinance three Los Angeles-area apartment communities.
The Wonder Years: Freddie Mac’s K Series Turns 11
Freddie Mac’s K series quietly holds a place as an important, innovative multifamily market solution that has served borrowers, lenders, tenants and bondholders extremely well since its inception. Importantly for a government-sponsored entity, it also serves as a mechanism to transfer risk away from taxpayers.