Beginning Thursday, June 25, the Mortgage Bankers Association will begin replacing its Association Management System, which will result in some disruptions for MBA members.
Category: News and Trends
Lori Brewer: The Road to Recovery Will be Paved with Data
In a time when everything spells uncertainty, data gives lenders something to hold on to — and a path forward. What performance metrics are most critical for lenders to keep an eye on right now to help their businesses survive the recession and what’s likely to be a protracted recovery?
Repurposing Retail After COVID-19
Reonomy, New York, said retail properties are being recycled and repurposed due to COVID-19 as retailers redefine the sales channels they use to reach consumers.
Zillow: U.S. Home Value Growth Slows, Prices May Fall in Second Half of 2020
Zillow, Seattle, said the housing market’s resilience in the wake of the coronavirus pandemic and resulting economic downturn could be challenged in the months ahead as continued slowing in home values suggest prices could fall in the second half of 2020.
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“In addition to safeguarding the CFPB from executive and political interference, a Senate-confirmed, bipartisan commission will provide a balanced and deliberative approach to supervision, regulation and enforcement by encouraging input from all stakeholders.”
–From an MBA/trade group letter supporting a bill introduced by Sen. Deb Fischer, R-Neb., that would restructure the Consumer Financial Protection Bureau from a single director to a five-person commission.
Sen. Fischer Reintroduces Bill to Create CFPB Commission; MBA, Trade Groups Send Letter of Support
Sen. Deb Fischer, R-Neb., reintroduced legislation this week that would change the structure of the Consumer Financial Protection Bureau from a single director to a bipartisan commission of five individuals.
Unemployment Claims Plateau, Remain Elevated
More than 1.5 million Americans filed initial claims for unemployment insurance last week virtually unchanged from the previous week and at historically elevated levels for the 12th consecutive week, the Labor Department reported yesterday.
Dealmaker: Greystone Provides $124M in Fannie Mae DUS Loans
Greystone, New York, provided $124.3 million in in Fannie Mae Delegated Underwriting and Servicing loans to refinance five multifamily properties.
MBA: 1Q Commercial, Multifamily Mortgage Delinquencies Remain Low
Commercial and multifamily mortgage delinquencies remained low at the end of the first quarter, the Mortgage Bankers Association said this morning in its first quarter Commercial/Multifamily Delinquency Report.
Richard Ferguson: Preserving Down Payment Options in a Disruptive Market
There is no downplaying the destruction the COVID-19 pandemic has had on our economy and the financial lives of millions of Americans. But it is also threatening the up-and-coming generation of home buyers, particularly minorities.