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.
Category: News and Trends
API Standards: The Mortgage Industry’s Next Big Challenge
While relatively new to the mortgage industry, Interest in application programming interfaces and microservices is soaring. These system-to-system technologies have the potential to tremendously enhance communications between lenders, technology vendors and service providers, much better than the traditional, large-scale integrations to exchange data between monolithic systems that are in use today.
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.
New Regulations in VA Loans Promotes Clear Processes, Enhances Veteran Education About Home Financing and Refinancing
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.
Residential Briefs
First American Financial Corp., Santa Ana, Calif., acquired Title Security Agency LLC, a brand within the Arizona real estate community. First American had been a minority owner for five years.
MBA Chart of the Week: 30-Year Fixed Mortgage vs. 10-Year Treasuries
This week’s chart shows the narrowing of the spread between the 30-year fixed mortgage rate and the 10-year Treasury yield–from a high of 208 basis points in September to 183 basis points at the end of December.
People in the News
OptifiNow, Seal Beach, Calif., hired Linn Cook as Vice President of Sales, responsible for leading sales of its cloud-based sales and marketing platform.
Allen Price: Don’t Let Natural Disasters Become Servicing Disasters
Natural disasters have become seemingly commonplace, as every season seems to bring a major storm, flood, hurricane or wildfire somewhere in the country. These events obviously have devastating impacts on homeowners. But on one level or another, they have also revealed weaknesses among mortgage servicers and their ability to respond appropriately.
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.
New Regulations in VA Loans Promotes Clear Processes, Enhances Veteran Education About Home Financing and Refinancing
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.