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.
Dealmaker: Slate Asset Management Closes $27M Senior Loan Facility for Oakland Multifamily Property
Slate Asset Management, Toronto, announced its unit Slate Real Estate Capital closed a $27 million senior loan facility provided to a private investor for the financing of Lantana Uptown, a multifamily residential property in Oakland, Calif.
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.
MBA Commends Senate Passage of Tribal Trust Land Homeownership Act of 2023
The U.S. Senate on Tuesday passed the Tribal Trust Land Homeownership Act of 2023 by unanimous consent. The Mortgage Bankers Association commended the passage.
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.
June New Home Purchase Mortgage Applications Increase 26.1 Percent
The Mortgage Bankers Association Builder Application Survey data for June 2023 shows mortgage applications for new home purchases increased 26.1 percent compared from a year ago.
Quote: July 21, 2023
“To get to 100% digitization of loans, solutions must solve this fragmentation of people, processes, and technology. Only then can the benefits of increased efficiency and improved borrower experience that digital closings provide be maximized.”
–Snapdocs Founder and CEO Aaron King
MBA Compliance and Risk Management Conference in D.C. Sept. 10-12
Two conferences, one monumental location: The Mortgage Bankers Association’s all-new Compliance and Risk Management Conference takes place Sept. 10-12 at the Grand Hyatt Washington, D.C.
MISMO Releases Consumer-Facing Charge, Fee Naming Guide
MISMO, the real estate finance industry’s standards organization, announced the Consumer-Facing Charge and Fee Guide has reached “Candidate Recommendation” status, meaning it has been thoroughly reviewed by a wide range of organizations and industry participants and is available for use across the industry.