Intercontinental Exchange, Atlanta, received regulatory approval and completed its $11 billion acquisition of Ellie Mae from private equity firm Thoma Bravo.
Category: News and Trends
Most Consumers Plan to Maintain Increased Digital Banking after Pandemic
COVID-19 has permanently changed how consumers interact with their financial services organization, reported BAI, Chicago.
MBA Education Path to Diversity Scholar Profile: Adam Krings
(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.)
Remote Work Could Open Homeownership to Nearly Two Million New Households
The rise of remote work could unlock homeownership for nearly two million renter households, according to Zillow, Seattle.
Dealmaker: Walker & Dunlop Arranges $67 Million Construction Loan
Walker & Dunlop, Bethesda, Md., structured $67.2 million in financing to construct Shoma Village Apartments, a Class A mixed-use property with 304 apartment units and 11,625 square feet of retail in Hialeah, Fla.
CREW Network: CRE Industry Must Take Action for Gender Parity, Greater Diversity
Efforts to achieve gender parity in commercial real estate are far from complete–in fact, little progress has been made in the last five years, reported CREW Network, Lawrence, Kan.
MBA Responds to CFPB’s Proposed Rule Revising the General Qualified Mortgage Definition
On Tuesday, the Mortgage Bankers Association commented on the Consumer Financial Protection Bureau’s proposed rule to amend its General Qualified Mortgage (QM) loan definition in Regulation Z.
Multifamily Market Musings by Sharon Walker
The multifamily market continues evolving in 2020 with plenty of interesting developments across the sources of capital that lend to multifamily property owners.
Quote
“MBA commends the Bureau for this proposal and its commitment to ensure the continued availability of sustainable, affordable mortgage credit, while maintaining robust standards for high-quality QMs.”
–Mortgage Bankers Association President and CEO Robert Broeksmit, CMB in a letter to the Consumer Financial Protection Bureau.
MBA: Share of Mortgage Loans in Forbearance Declines to 7.16%
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported the total number of loans now in forbearance decreased 4 basis points to 7.16 percent of servicers’ portfolio volume as of Aug. 30.