MBA Coronavirus Resource Update

In a Mar. 23 Member Letter, MBA President & CEO Robert Broeksmit, CMB, provided the following update on industry and economic developments regarding the coronavirus pandemic:

MBA Recognizes Select Members

MBA recognizes its Select Associate Members and thanks them for their continued support of MBA and the real estate finance industry.

MBA Recognizes Premier Members

MBA is proud to recognize its Premier and Select Associate Members and to thank them for their continued support of MBA and the real estate finance industry.

MBA: IMBs Boast Strongest Fourth Quarter Profits Since 2012

Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $1,182 on each loan they originated in the fourth quarter, the Mortgage Bankers Association reported this morning.

Matt Hansen: New-Era ‘What-if’ Scenarios

The pandemic is evolving rapidly, requiring businesses to respond quickly. By this point, most lenders have confirmed employee well-being and transitioned workers to remote environments where possible. For their next move, lenders need to start playing an aggressive game of “what if.”

CREF Highlights

Commercial and multifamily developments and activities from MBA relevant to your business and our industry.

MBA Coronavirus Resource Update

In a Mar. 23 Member Letter, MBA President & CEO Robert Broeksmit, CMB, provided the following update on industry and economic developments regarding the coronavirus pandemic:

FHFA Authorizes GSEs to Support Additional Liquidity in Secondary Mortgage Market; Provide Flexibility in Appraisals, Employment Verifications

The Federal Housing Finance Agency yesterday issued two directives to Fannie Mae and Freddie Mac—one to enter into additional dollar roll transactions to provide mortgage-backed securities investors with short-term financing of their positions; and the other to provide alternative flexibilities to satisfy appraisal requirements and employment verification requirements.

Fed Bolsters Efforts to Stem Economic Impact of Coronavirus

The Federal Reserve, in its most aggressive actions to date, announced further steps yesterday to mitigate the economic impact of the coronavirus pandemic, including actions strongly advocated for over the weekend by the Mortgage Bankers Association.

FHFA Authorizes GSEs to Support Additional Liquidity in Secondary Mortgage Market; Provide Flexibility in Appraisals, Employment Verifications

The Federal Housing Finance Agency this morning issued two directives to Fannie Mae and Freddie Mac—one to enter into additional dollar roll transactions to provide mortgage-backed securities investors with short-term financing of their positions; and the other to provide alternative flexibilities to satisfy appraisal requirements and employment verification requirements.