The Mortgage Bankers Association and nearly a dozen industry trade groups told Federal Housing Finance Agency Director Mark Calabria that Property Assessed Clean Energy programs—known as PACE programs—pose safety and soundness issues for the real estate finance industry.
Category: News and Trends
MBA Offers OMB Recommendations on Improving Regulatory Enforcement, Adjudication
The Mortgage Bankers Association, in a March 16 letter to the Office of Management and Budget, offered a series of recommendations and best practices as it considers changes to its regulatory enforcement proceedings and administrative adjudications.
Faith Schwartz, Christy Moss, CMB: What Happens When COVID-19 Starts Affecting Mortgage Payments?
COVID-19’s economic impacts are only beginning to be felt in the United States, and already it’s been a wild ride.
MBA Cancels National Advocacy Conference, State & Local Workshop
Amid continued concerns over the COVID-19 coronavirus pandemic, the Mortgage Bankers Association yesterday canceled its upcoming National Advocacy Conference (Apr. 21-22) and State & Local Workshop (Apr. 20-21).
MBA Cancels National Advocacy Conference, State & Local Workshop
Amid continued concerns over the COVID-19 coronavirus pandemic, the Mortgage Bankers Association this morning canceled its upcoming National Advocacy Conference (Apr. 21-22) and State & Local Workshop (Apr. 20-21).
Commercial/Multifamily Briefs
Real estate property technology firm CREModels, St. Petersburg, Fla., announced free access to a suite of tools to help the commercial and multifamily real estate industry keep deals on track despite disruptions unleashed by the coronavirus.
MBA Advocacy Update
Given the recent coronavirus pandemic, MBA has been working diligently to create resources and materials to help our members and their customers. The first item below details these efforts. Additionally, there are several other unrelated key updates we wanted to highlight in this week’s communication.
MBA: Commercial/Multifamily Mortgage Debt Grows by Largest Annual Amount Since 2006
The Mortgage Bankers Association reported commercial/multifamily mortgage debt outstanding at the end of 2019 rose by $248 billion (7.3 percent) from a year ago.
The Latest on LIBOR Transition with MBA’s Andrew Foster, Dan Fichtler
MBA NewsLink interviewed Mortgage Bankers Association Associate Vice President of Housing Finance Policy Dan Fichtler and Associate Vice President of Commercial/Multifamily Andrew Foster about the transition away from the London Interbank Offered Rate to a successor index for floating-rate loans.
MBA Coronavirus Resource Center Update
In a Mar. 13 Member Letter, MBA President and CEO Robert Broeksmit, CMB, detailed MBA’s efforts with various federal regulatory agencies, including HUD and Ginnie Mae, as well as the Federal Housing Finance Agency, Fannie Mae and Freddie Mac, to streamline policies and procedures that will allow lenders to assist borrowers throughout the coronavirus pandemic.