This week’s top legislative and policy news from the Mortgage Bankers Association.
Category: News and Trends
MBA Annual: American Leadership Session Oct. 16
Hear from top leaders of distinctly American institutions, foundational to our economy and housing ecosystem during this session, Monday, Oct. 16 from 10:30 AM-11:45 AM.
Artificial Intelligence – Promise and Peril for Mortgage Lending: Sept. 21-22 in Washington, D.C.
Artificial Intelligence (AI) will fundamentally change the way we do business. But what exactly is AI, and what are these new tools like ChatGPT? What opportunities does AI present for lending? What are the risks to lenders, investors and consumers and how can the risks be properly identified and managed?
S&P Global Ratings: Large Banks Likely to See Stable Financial Performance Amid Headwinds
Earnings at most of the eight U.S. global systemically important banks improved from the same quarter last year, largely because of higher net interest income, reported S&P Global Ratings, New York.
Black Knight: Foreclosure Inventory Very Low, Serious Delinquencies Down in July
Black Knight, Jacksonville, Fla., reported its “first look” at July 2023 mortgage performance statistics, finding that serious delinquencies continue to improve.
Auction.com: Default Servicers Expect Slight Increase in Foreclosure Volume
More than nine in 10 default servicing industry leaders expect completed foreclosure auction volume to increase this year compared to 2022, reported Auction.com, Irvine, Calif.
Rhonda McGill of PerformLine: Top Compliance Challenges & Insights from Mortgage Professionals
Last week, I was joined by mortgage professionals for yet another compliance roundtable to discuss the most pressing issues facing the industry today.
MISMO Releases Consumer Home Equity SMART Doc Standardized Mapping and Updated Implementation Guide
MISMO, the real estate finance industry’s standards organization, announced that it is publishing Version 2.1 of the SMART Doc 1.02 Standard Mapping and Implementation Guide as final.
MISMO Fall Summit in D.C.: Sept. 18-21
MISMO Summits allow you to network and collaborate with your industry colleagues while learning the latest updates on mortgage industry standards. Your participation helps make the digital future possible.
Dealmaker: Greystone Provides $11M in Financing for Multifamily Connecticut Property
Greystone, New York, provided just over $11 million in a Fannie Mae Delegated Underwriting & Servicing loan for a multifamily property in Meriden, Conn., near New Haven.