(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.)
Category: News and Trends
MBA Data Systems Updates to Take Place June 25-29
Beginning Thursday, June 25, the Mortgage Bankers Association will begin replacing its Association Management System, which will result in some disruptions for MBA members.
COMBOG Nominating Committee Seeks Board Member Recommendations by July 17
The Mortgage Bankers Association’s Commercial Real Estate/Multifamily Finance Board of Governors (COMBOG) nominating committee is soliciting MBA members’ recommendations for individuals to serve on the Board beginning in October.
Mortgage Applications Decrease in MBA Weekly Survey
Mortgage applications fell last week even as key interest rates held at record lows, the Mortgage Bankers Association reported in its Weekly Mortgage Applications Survey for the week ending June 19.
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“Increased diversity in FHLB members would more accurately reflect the breadth of institutions that contribute to the national system of housing finance, in effect creating a ‘21st Century’ FHLB System.”
–MBA President and CEO Robert Broeksmit, CMB, in a letter to the Federal Housing Finance Agency urging it to expand membership eligibility in the Federal Home Loan Bank System.
COMBOG Nominating Committee Seeks Board Member Recommendations by July 17
The Mortgage Bankers Association’s Commercial Real Estate/Multifamily Finance Board of Governors (COMBOG) nominating committee is soliciting MBA members’ recommendations for individuals to serve on the Board beginning in October.
CFPB Issues Interpretive Rule on Determining Underserved Areas; Final Rule on Loss Mitigation Options for Homeowners with COVID-Related Hardships
The Consumer Financial Protection Bureau yesterday issued an interpretive rule to provide guidance to creditors and other persons involved in the mortgage origination process about the way in which the Bureau determines which counties qualify as “underserved” for a given calendar year.
Mortgage Applications Decrease in MBA Weekly Survey
Mortgage applications fell last week even as key interest rates held at record lows, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending June 19.
MBA Letter Urges FHFA to Diversify FHLB System Membership Base
The Mortgage Bankers Association, in a letter to Federal Housing Finance Agency Director Mark Calabria, urged FHFA to expand membership in the Federal Home Loan Bank system to include captive insurers, including mortgage real estate investment trusts and independent mortgage banks.
Coronavirus Triggers ‘Fundamental Rethinking’ of Office Market
DBRS Morningstar, Chicago, said the COVID-19 pandemic could spark a “fundamental rethinking” of the open office concept and accelerate the move toward more flexible working arrangements.