The higher interest rate environment has given rise to a renewed interest in the use of temporary buydowns to help borrowers lower their initial monthly mortgage payments.
Category: News and Trends
APCIA’s Gary Sullivan: Industries Can Work Together on Insurance Challenges
NEW ORLEANS–Significant challenges affecting the insurance industry remain, said Gary Sullivan, Senior Director of Emerging Risks for the American Property Casualty Insurance Association. But, there are opportunities for the insurance and banking industries to work together to help.
23 Mortgage Servicers Earn CCMS Designation at MBA CMST Conference
NEW ORLEANS–Twenty-three mortgage servicers earned their Certified Commercial Mortgage Servicer designations here at the Mortgage Bankers Association’s Commercial/Multifamily Finance Servicing and Technology Conference.
Dealmaker: Berkadia Secures $32M for Virginia Beach Multifamily
Berkadia, New York, secured $31.8 million in construction/permanent financing through the Virginia Housing Development Authority for Vanguard Landing, a 128-bedroom community to be developed in Virginia Beach, Va.
Broeksmit Explains How to Untie ‘The Regulatory Knot’: #MBASecondary
NEW YORK–Last week, MBA President and CEO Bob Broeksmit, CMB, suggested a national “housing czar” would bring order to the web of federal agencies and policies that affect housing. On Monday he explained further how to untie the current regulatory knot.
MBA: Share of Mortgage Loans in Forbearance Remains at 0.22% in April
The total number of loans now in forbearance remained unchanged at 0.22% as of April 30, 2024, the Mortgage Bankers Association’s monthly Loan Monitoring Survey reported.
mPower: MBA Promoting Opportunities for Women to Extend their Reach
The Mortgage Bankers Association is proud to offer mPower, MBA Promoting Opportunities for Women to Extend their Reach, the largest networking organization for women in real estate finance.
Quote: May 22, 2024
“Rates coming down from recent highs spurred some borrowers to act, with increases across both conventional
and government refinance applications.”
–Joel Kan, MBA’s Vice President and Deputy Chief Economist
Cybersecurity Panelists Talk Trends, AI, Best Practices
NEW ORLEANS–“I guarantee we’re going to scare some people. And if you’re not scared when we leave, you weren’t paying attention,” promised Brett Adams, Senior Vice President & Managing Director, Servicing, Berkadia, on a panel about guarding against cybercrime May 20.
Offices, Insurance Top Commercial Servicing Conversations, Panel Says
NEW ORLEANS–Looking at servicing in the current commercial market, offices and insurance issues are top of mind. That’s per a panel at the Mortgage Bankers Association Commercial/Multifamily Finance Servicing and Technology Conference, here, May 20.