Commercial and multifamily mortgage bankers closed a record $600.6 billion of loans in 2019, according to the Mortgage Bankers Association’s 2019 Commercial Real Estate/Multifamily Finance Annual Origination Volume Summation.
Category: News and Trends
Mark P. Dangelo: Are Bankers Necessary? Part 2
At a time when the world is dealing with COVID-19—economic, political, social, medical, personal and even spiritual—it is up to financial services organization leadership to look forward to the lasting impacts on banking and finance. Innovation breadth during times of great crisis will not be challenged, and the operating result will be a very foreign landscape to those anticipating minimal post-crisis adjustments.
Jennifer Henry: In an Uncertain Market, Servicers Are Leveraging Data, Technology to Drive Efficiency
While the falling home loan rates mean a booming business for the mortgage industry and a sign the housing market may help the U.S. economy avoid a true recession, it could also pose a challenge for those trying to process the influx of applications and requests. The digital mortgage servicing journey must focus on streamlining the process through technology and data-enabled solutions.
March New Home Purchase Mortgage Applications Up
Mortgage Bankers Association Builder Applications Survey data showed mortgage applications for new home purchases increased by 14 percent in March from February and by 21.2 percent from a year ago, unadjusted.
Groundswell of Support Builds for Federal Liquidity Facility
Pete Mills, MBA Senior Vice President of Residential Policy and Member Engagement, said the groundswell is sending a strong message to regulators.
MBA Survey: Share of Mortgage Loans in Forbearance Continues to Climb
The surge in unemployment claims filed since mid-March resulting from the mitigation efforts to slow the spread of the coronavirus are straining household budgets and leading to more requests for mortgage forbearance. That is according to the Mortgage Bankers Association’s latest Forbearance and Call Volume Survey, which revealed the total number of loans in forbearance jumped from 2.73% to 3.74% during the week of March 30 to April 5.
MBA, Trade Groups Urge Changes to Risk-Based Capital Guidance for COVID-19 Loan Modifications
The Mortgage Bankers Association, the American Council of Life Insurers and nine other trade associations urged the National Association of Insurance Commissioners to change recent risk-based capital guidance on relief for COVID-19-related loan modifications.
Groundswell of Support Builds for Federal Liquidity Facility
Last week, the Mortgage Bankers Association made headlines—not just in MBA NewsLink but across the news spectrum—when it reacted strongly to Federal Housing Finance Agency Director Mark Calabria’s indifference to the need for a federally based liquidity facility for mortgage servicers resulting from economic fallout from the coronavirus pandemic.
March New Home Purchase Mortgage Applications Up
Mortgage Bankers Association Builder Applications Survey data showed mortgage applications for new home purchases increased by 14 percent in March from February and by 21.2 percent from a year ago, unadjusted.
Groundswell of Support Builds for Federal Liquidity Facility
Last week, the Mortgage Bankers Association made headlines—not just in MBA NewsLink but across the news spectrum—when it reacted strongly to Federal Housing Finance Agency Director Mark Calabria’s indifference to the need for a federally based liquidity facility for mortgage servicers resulting from economic fallout from the coronavirus pandemic. Now, momentum in Washington is building.