Industry news from Ginnie Mae, Fannie Mae, Mortgage Cadence, Talk’uments, FICO and Premier Lending.
Category: News and Trends
MBA Statement on the House Passage of the FY 2024 Funding Package
MBA President and CEO Bob Broeksmit, CMB, commented on the passage of six fiscal year 2024 budget bills, which includes funding for the Department of Housing and Urban Development, Veterans Affairs and the Department of Agriculture.
Quote: March 7, 2024
“MBA encourages the Senate to pass this spending package before March 9th to ensure the continuity of critical government home lending programs and operations.”
–MBA President and CEO Bob Broeksmit, CMB, discussing the House of Representatives passage of six fiscal year 2024 budget bills, which include funding for HUD, Veterans Affairs and the Department of Agriculture
MBA Statement on the SEC’s Climate-Risk Disclosure Final Rules
MBA’s President and CEO Bob Broeksmit, CMB, released a statement on the U.S. Securities and Exchange Commission’s (SEC) final rules on mandatory disclosures related to climate-related risk and company greenhouse gas emissions.
Office Sector Drives CMBS Delinquency Rate Up Slightly: Trepp
The delinquency rate for commercial mortgage-backed securities inched upward in February, according to Trepp, New York.
Asurity’s Diane Jenkins: Hello Old Friend – Why Assumptions Are Making a Comeback
It’s no secret that mortgage lenders have seen a sharp decrease in origination volumes over the past two years. Higher interest rates coupled with a shortage in housing inventory translate into a market environment where origination volumes are likely to remain depressed for the near future.
MBA NewsLink Q&A: Rice Park Capital Management’s Nick Smith and Chris Bixby
MBA NewsLink recently interviewed Nick Smith, Founder, Managing Partner and CEO of Rice Park Capital Management, Plymouth, Minn., and Managing Director of Strategic Equity Investing Chris Bixby about their perspectives on the mortgage industry.
MBA Appoints Victor Calanog of Manulife Investment Management Vice-Chair of 2024 Affordable Rental Housing Advisory Council; Announces Council Roster
The Mortgage Bankers Association is pleased to announce that Victor Calanog of Manulife Investment Management will serve as Vice-Chair of the 2024 Affordable Rental Housing Advisory Council.
Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications increased 9.7% from one week earlier, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending March 1, 2024.
MBA Opens Doors Foundation Welcomes M&T Realty Capital Corp’s Christine Chandler and Mphasis Digital Risk’s Jeffrey C. Taylor to Board of Directors
The MBA Opens Doors Foundation welcomed Christine Chandler, MBA’s 2024 Vice Chair and Executive Vice President, Chief Credit Officer, and Chief Operating Officer at M&T Realty Capital Corp., and Jeffrey Taylor, Founder & Managing Director at Mphasis Digital Risk, to its Board of Directors.