Industry news from the Maryland Mortgage Bankers and Brokers Association, MMI, LoanPASS, Rice Park Capital Management, CRMnow and Modex.
Category: News and Trends
CMBS Special Servicing Rate Leaps in August, Trepp Finds
Trepp, New York, reported the commercial mortgage-backed securities special servicing rate jumped in August, climbing 16 basis points to 8.46%.
Green Street: Commercial Property Prices Up 3.3% This Year
Green Street, Newport Beach, Calif., reported its Commercial Property Price Index increased 1.6% in August. The index–a measure of pricing for institutional-quality properties–is up 3.3% this year.
Mortgage Cadence’s Melissa Kozicki–How Compliance Enables Innovation and Optimization
In today’s fiercely competitive mortgage environment, dynamic risk management through an opportunistic compliance lens is a competitive advantage.
Regulation X Redefined: Analyzing the CFPB’s Proposed Loss Mitigation Framework and Language Access Requirements-Oct. 3
Join MBA Education and industry experts for an in depth discussion on the primary components of the Regulation X proposal, focusing on the most important provisions and the legal & operational challenges associated with the same.
Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications increased 1.4% from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Applications Survey for the week ending Sept. 6, 2024.
MBA Agrees with Fed Vice Chair Barr on Re-Proposing Basel III Endgame
MBA’s President and CEO, Bob Broeksmit, CMB, issued a statement following Federal Reserve Vice Chair Michael Barr’s speech outlining recommendations to re-propose the Basel III Endgame proposal.
Sponsored by Optimal Blue: Revolutionizing Capital Markets with AI
Optimal Blue’s AI assistants tackle real-world challenges lenders face by combining value-driven innovation with mortgage expertise.
Quote: Sept. 12, 2024
“We’re now getting closer to homebuyers’ comfort zone of low-6%, high-5% rates, and September’s anticipated Fed cuts should help buyer sentiment.”
–Jeff Taylor, Co-Founder and Managing Director of Mphasis Digital Risk
Quote: Sept. 11, 2024
“It appears that common sense has prevailed with the decision to re-propose the flawed Basel III Endgame proposal, a move that we have consistently called for since last summer in testimony before Congress, speeches, comment letters, and ongoing conversations with federal regulators.”
–MBA President and CEO Bob Broeksmit, CMB