With limited population growth domestically, the search for advanced technology skills must embrace aging populations and the explosion of megacities beyond our shorelines—new, continuous models of corporate education, training and partnering must be adopted.
Category: News and Trends
MBA Advocacy Update
This past Tuesday, MBA joined other trade associations to provide a detailed account of the costs and burdens of implementing the TRID Rule in response to the CFPB’s RFI on its TRID Rule assessment. Also on Tuesday, MBA submitted a comment letter to the FHFA cautioning against suggested changes to its UMBS pooling practices.
The Week Ahead
The impeachment trial of President Trump continues in the Senate for a second week, a spectacle that has captured the attention of Washington, as well as people across the country and around the world.
MBA Chart of the Week: CMBS Annual Issuance Volume
After a slow start in 2019, the commercial mortgage-backed securities market ended strong, with $39.1 billion of private-label CMBS issuance during the fourth quarter – more than double the $18.8 billion issued during fourth quarter 2018.
Patrick McClain: Hard and Soft Savings–How Technology Can Positively Impact Bottom Line
Technology is no longer an option; it is an integral element. Inefficient, outdated, manual processes can be risky and ultimately end up costing the lender. To combat these challenges, today’s lenders must stay abreast of cutting-edge technology. Implementing such technology, lenders can exponentially increase their bottom line as well as bring unexpected savings and benefits.
(Sponsored Content) Don’t Overlook This Surprising CRE Capital Source
In a fast-changing business environment, lenders don’t always act as expected, so it’s necessary to have a longer list of capital provider choices on-hand.
Mark P. Dangelo: The Challenges of Reskilling Workforces, Part 1
With limited population growth domestically, the search for advanced technology skills must embrace aging populations and the explosion of megacities beyond our shorelines—new, continuous models of corporate education, training and partnering must be adopted.
MBA, Trade Groups Raise Concerns over TRID Brokered Transactions
The Mortgage Bankers Association, in a letter this week to the Consumer Financial Protection Bureau, said as the Bureau assesses the effectiveness of its TRID Integrated Disclosure Rule it should reconsider provisions of the rule regarding wholesale creditors and brokered transactions.
People in the News
Success Mortgage Partners Inc., Plymouth, Mich., named Allison Johnston, CMB, as President.
John Vella of Altisource on URLA, Non-QM Lending and Improving the Borrower Experience
John Vella serves as Chief Revenue Officer of Altisource. Previously, he served as Chief Operating Officer of Equator LLC. He began his financial services career with the Federal Deposit Insurance Corp. and Freddie Mac and later served as Chief Sales Officer for H&R Block’s mortgage company.