What to Expect When Expecting Distress: A Servicer Roundtable

As COVID-19 and government responses continue to drive uncertainty around outcomes and outlooks, MBA Newslink interviewed senior professionals from a credit rating agency and several highly rated servicers to get their perspective on forbearance, loan workouts and portfolio management challenges for agency and non-agency CMBS.

The Week Ahead

Good morning and happy Monday! It’s 22 days until Election Day. Depending on your political inclinations, the next three weeks could be the longest—or shortest—stretch of time in your life.

MBA Premier Member Profile: Seyfarth Shaw LLP

With more than 900 lawyers across 17 offices, Seyfarth Shaw LLP provides transactional, advisory and litigation legal services to clients worldwide.

MBA Advocacy Update Oct. 12, 2020

On Monday, MBA submitted comments to the Federal Housing Finance Agency in response to its Strategic Plan for Fiscal Years 2021-2024. The Strategic Plan includes several important reforms to the market conduct of the GSEs. And on Wednesday, the Consumer Financial Protection Bureau released new guidance on RESPA and marketing services agreements.

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“There continues to be a lot of uncertainty and we anticipate a potentially volatile Q4 2020 and 2021. If and how much will carry through to 2021 will be determined by COVID-19 trends influencing on-going remote work forces, multifamily rent collections, travel restrictions and lodging recoveries. That said, we are hopeful to find a new normalcy in 2021.”
–Gina Sullivan, Senior Vice President of KeyBank Real Estate Capital’s Loan Servicing and Asset Management division.

Sponsored Content from Nomis Solutions: What Are Mortgage Shoppers Looking for in 2020 and Beyond?

We focused on the importance of pricing along the customer journey: during the hunt for a loan, when comparing lenders before completing an application, and (given the ease of comparing prices online these days) whether consumers continue to shop once their application is underway. From this, we identified five insights that will guide lenders as they evolve and enhance their pricing capabilities.