The Mortgage Bankers Association and 18 other groups asked the Federal Housing Administration to revise its treatment of borrowers’ student loan debt to better align with the standards at the GSEs, VA and USDA.
Category: News and Trends
MBA Shares Recommendations With CFPB Regarding LIBOR Transition
The Mortgage Bankers Association shared recommendations with the Consumer Financial Protection Bureau regarding the bureau’s proposed rule to amend Regulation Z to facilitate the transition away from LIBOR.
Mortgage Applications Decrease in MBA Weekly Survey
Mortgage applications decreased 5.1 percent from one week earlier, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending July 31.
Dealmaker: CIT Provides $35.9M in Apartment Construction Financing
CIT Group Inc., New York, provided a $35.9 million senior secured loan for construction of a new 183-unit apartment building in Stamford, Conn.
Multifamily Market Musings by Sharon Walker
The multifamily lending markets are ripe with interesting developments this year, whether it be MBA’s latest research on 2019 multifamily lending, the downward shift in apartment rental rates or ongoing responses to the need to address societal inequality.
MBA Education Path to Diversity Scholar Profile: Jina Choi
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.
FHFA Extends Temporary Policy Allowing Purchase of Qualified Loans in Forbearance to Aug. 31
The Federal Housing Finance Agency approved an extension of the temporary policy that allows for the purchase of certain single-family mortgages in forbearance that meet specific eligibility criteria set by Fannie Mae and Freddie Mac. The policy is extended for loans originated through August 31.
LIBOR to SOFR Transition Questions With Reena Pally From MetLife
MBA NewsLink interviewed Reena Pally, Managing Director of Real Estate Debt Strategies with MetLife Investment Management, about the transition away from LIBOR to a successor index for floating-rate loans.
MBA: Share of Mortgage Loans in Forbearance Decreases for Seventh Straight Week
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported the total number of loans in forbearance decreased 7 basis points to 7.67% of servicers’ portfolio volume as of July 26 from 7.74% in the prior week.
MBANow: MBA SVP Mike Flood Discusses Rental Assistance
Mortgage Bankers Association Senior Vice President of Commercial/Multifamily Mike Flood joined MBANow to discuss the CARES Act’s unemployment benefits and rental assistance.