When every loan matters, automated compliance testing mitigates fallout due to avoidable or easily detectable compliance errors.
Category: News and Trends
Michael Carpenter of NContracts: Risk Management Controls—a Primer
Risk management is a critical aspect of banking and mortgage operations. However, one area that often draws resistance is risk management controls. The concept may seem intimidating or overwhelming, but when you break down the components, you’ll find risk management controls aren’t nearly as complicated as you think.
#MBACMST23: Learning from Downturns
CHICAGO–Real estate has always been a cyclical industry, so we can learn a lot from past downturns, panelists noted here at the MBA Commercial/Multifamily Finance Servicing and Technology Conference.
The Week Ahead, May 15, 2023: Countdown to MBA Secondary Conference; First Housing Reports
Good morning and happy Monday! There’s a sense of urgency in mid-May: lots of housing reports this week; Congress trying to resolve major issues before the Memorial Day holiday; and a big MBA conference coming up. Let’s get to it:
Dealmaker: Greystone Provides $32 Million for Texas Multifamily
Greystone, New York, provided a $32,173,000 Fannie Mae Delegated Underwriting & Servicing loan for The Villas at Foxbrick, a 412-unit multifamily property in Humble, Texas.
MBA Recognizes 17 New Commercial Certified Mortgage Servicer Graduates
CHICAGO–MBA Education, the award-winning education division of the Mortgage Bankers Association, recognized 17 individuals who earned the Commercial Certified Mortgage Servicer (CCMS®) designation at a ceremony held at its 2023 Commercial/Multifamily Finance Servicing and Technology Conference.
#MBACMST23: Loan Maturities–What to Expect When Expecting
CHICAGO–Maturity defaults could increase due to higher interest rates, but they will likely be moderate, panelists said here at the MBA Commercial/Multifamily Finance Servicing and Technology Conference.
MISMO Seeks Participants for Title and Closing Docs to Data Workgroup
MISMO®, the real estate finance industry standards organization, announced a call for industry professionals to join the Title and Closing Docs to Data Development Workgroup.
Quote: May 15, 2023
“What brought back the securitization industry is the New York Fed saying ‘we are going to back the senior bonds; we’ll create more structure, create new oversite and make it a little bit tighter.’ That created and improved the CMBS industry we see today. If it wasn’t for groups like the MBA working with the New York Fed, the CMBS industry would not have been revived.”
–Alan Kronovet Jr., CCMS, Head of Commercial Mortgage Servicing with Wells Fargo Bank, Charlotte, N.C.
MBA: 1Q Mortgage Delinquency Rates Near Historic Lows
Mortgage delinquency rates fell to near-historic lows in the first quarter, the Mortgage Bankers Association reported Thursday.