The Mortgage Bankers Association commented on the Financial Stability Oversight Council’s proposed revision to its guidance related to the designation of non-bank financial companies as systemically important financial institutions, as well as the proposed analytic framework FSOC would use to examine potential risks to the financial stability of the United States.
Category: News and Trends
Fitch: Life Insurers Well Positioned to Withstand Commercial Real Estate Exposure Risks
Fitch Ratings, New York, said the life insurance companies it has rated are well positioned to withstand the mounting challenges from rising losses and falling commercial real estate valuations.
Aaron King of Snapdocs: Obstacles to Digitization
MBA NewsLink interviewed Aaron King, founder and CEO of digital closing platform Snapdocs, Covina, Calif., about digitization of the closing process.
MISMO Releases White Paper Focused on Blockchain in Mortgage Industry
MISMO, the real estate finance industry’s standards organization, published Blockchain in the Mortgage Industry, a white paper that outlines findings on how blockchain technology could enhance the way mortgages are originated, serviced, sold, and traded.
Housing Starts Down in June
Housing starts fell by 8% from May to June, the Census Bureau and Department of Housing and Urban Development jointly reported Wednesday. June’s starts were at a seasonally adjusted annual rate of 1,434,000, compared with May’s revised 1,559,000.
Builder Confidence Edges Higher Despite Rising Rate Concerns
Home builder confidence increased slightly over the past month, posting a one-point gain to 56, the National Association of Home Builders/Wells Fargo Housing Market Index reported.
July 26: MBA Condo Lending Summit 2023
This year’s one-day, in-person MBA Condo Lending Summit will feature experts from government regulators and agencies, along with condo lending veterans from the industry.
Accenture Credit Services’ Lynn Grich: There’s More Change Coming
The latest mortgage industry evolution is the upcoming changes to the Credit Score Model. To better understand this complicated and swift-moving change, MBA NewsLink interviewed Lynn Grich, vice president of compliance & risk for Accenture Credit Services, to learn more about what is coming.
MISMO Releases White Paper Focused on Blockchain in Mortgage Industry
MISMO, the real estate finance industry’s standards organization, published Blockchain in the Mortgage Industry, a white paper that outlines findings on how blockchain technology could enhance the way mortgages are originated, serviced, sold, and traded.
Existing Home Sales Fall 3.3% in June
The National Association of Realtors, Chicago, reported existing home sales dropped 3.3% in June from May to a seasonally adjusted annual rate of 4.16 million. Sales were down 18.9% compared with June 2022.