Ginnie Mae and the VA began drafting new lender regulations last year that would require lenders to educate veterans with more information, allowing for better decision-making in deciding on the benefit of the cost of an Interest Rate Reduction Refinancing Loan.
Category: News and Trends
Investor-Driven Lender Growth in CRE Finance
The rise of debt funds, mortgage real estate investment trusts and other players in commercial real estate finance that MBA refers to broadly as “investor-driven lenders” has been at the heart of commercial real estate finance’s narrative this cycle–particularly in recent years.
Call for Nominations: MBA NewsLink 2020 Tech All-Star Awards; Deadline Jan. 10
The Mortgage Bankers Association and MBA NewsLink are accepting nominations for the MBA NewsLink 2020 Tech All-Star Awards. Nominations will be accepted through Friday, Jan. 10.
Homeland Security, New York DFS Issue Warnings on Potential Iran Cybersecurity Breaches
In the wake of the U.S. military drone strike against the leader of Iran’s special operations forces last week, the Department of Homeland Security, as well as the New York Department of Financial Services, issued warnings about potential Iranian cybersecurity threats targeting U.S. businesses, particularly financial institutions.
MBA Weekly Applications: A Tale of Two Surveys
Mortgage applications yo-yoed over the past two weeks, falling by 13 percent over the holiday break before regaining most ground the first week of January, the Mortgage Bankers Association reported this morning in its Weekly Applications Survey for the weeks ending Dec. 27, 2019 and Jan. 3.
Fannie Mae: Home Purchase Sentiment Index Nears Survey High
The Fannie Mae Home Purchase Sentiment Index edged up by 0.2 points to 91.7, approaching the survey high set in August.
HUD Issues New Proposed Fair Housing Rule
HUD yesterday published its proposed Affirmatively Furthering Fair Housing rule, which it said is intended to offer “clearer guidance” to states and local governments to help them improve affordable housing choices in their community.
Investor-Driven Lender Growth in CRE Finance
The rise of debt funds, mortgage real estate investment trusts and other players in commercial real estate finance that MBA refers to broadly as “investor-driven lenders” has been at the heart of commercial real estate finance’s narrative this cycle–particularly in recent years.
MBA CREF Forecast: 2020 Commercial/Multifamily Lending to Climb 9 Percent to $683 Billion
Commercial and multifamily mortgage bankers are expected to close a record $683 billion of loans backed by income-producing properties in 2020, a 9 percent increase from 2019’s anticipated record volume of $628 billion, according to a new Mortgage Bankers Association forecast.
ORIX Acquires Hunt Real Estate Capital; NorthMarq Buys Kinghorn, Driver, Hough & Co.
The commercial real estate financing world will look a little different in 2020.