Industry news from LenderLogix, Class Valuation and Penny Mac.
Category: News and Trends
MBA Economist Weighs In on Q1 GDP Figures
The Bureau of Economic Analysis released Q1 gross domestic product advance estimate data, finding that it increased at an annual rate of 2%. MBA Chief Economist Mike Fratantoni shared his analysis.
CMG Foundation Presents Wine Auction Event in Conjunction with MBA Secondary and Capital Markets Conference
Tickets and sponsorship opportunities are still available for the CMG Foundation’s 11th Charity Wine Tasting & Auction in New York on May 17th in conjunction with MBA’s Secondary and Capital Markets Conference. The event will benefit MBA Opens Doors Foundation, the Gary Sinise Foundation and the Memorial Sloan Kettering Cancer Center.
Dealmaker: JLL Secures $16M Construction Loan for Project J in Charlotte
JLL Capital Markets, Chicago, arranged $16 million in construction financing for Project J, an 84-unit multifamily development in Charlotte, N.C.
Mortgage Application Payments Increased in March, MBA Reports
Homebuyer affordability declined in March, with the national median payment applied for by purchase applicants increasing to $2,131 from $2,061 in February, according to the Mortgage Bankers Association’s Purchase Applications Payment Index.
MBA Statement on CFPB Final Rule on Small Business Lending Reporting
MBA President and CEO Bob Broeksmit, CMB, released a statement on the Consumer Financial Protection Bureau’s final rule (Section 1071) on the Reconsideration of Small Business Lending Under the Equal Credit Opportunity Act (Regulation B).
MBA Education Advantage: Learn for Less
MBA Education Advantage is an annual subscription-based training that provides your organization with unlimited access to 200-plus self-studies, complimentary seats in specific courses, discounts on designations and much more.
MISMO Spring Summit, June 1–4 in Louisville, Ky.
MISMO Summits allow you to network and collaborate with your industry colleagues while learning the latest updates on mortgage industry standards. Join us in Louisville to learn what’s hot in mortgage standards.
MISMO Releases Life of Loan Model, Providing an Educational Tool for the Mortgage Lifecycle
MISMO, the real estate finance industry’s standards organization, announced the MISMO Life of Loan Model has reached Candidate Recommendation status, meaning it has been thoroughly reviewed by a broad range of industry participants and is available for implementation across the mortgage industry.
Disaster Recovery: A Resource for Homeowners
MBA’s Disaster Recovery: A Resource for Homeowners outlines what homeowners can do before and after a disaster, along with how to start and work through the recovery process.