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.
Category: News and Trends
#MBACMST23: Facing up to Office Sector Challenges
CHICAGO–The office sector faces major challenges, but servicers and asset managers can handle them, panelists said here at the MBA Commercial/Multifamily Finance Servicing and Technology Conference.
FHFA Rescinds Proposed Loan-Level Pricing Adjustment for DTI Ratios
The Federal Housing Finance Agency on Wednesday rescinded a controversial proposed loan-level pricing adjustment that the Mortgage Bankers Association said would have had adverse impact on both consumers and lenders.
Quote: May 10
“We have strongly opposed FHFA’s planned debt-to-income loan level pricing adjustment since it was announced in January and have led advocacy efforts calling for its removal. The proposed fee was unworkable for lenders and would have confused borrowers and undermined the customer experience. We are pleased that FHFA engaged with industry stakeholders, recognized the negative impacts of the fee, and decided to rescind its implementation.”
–MBA President & CEO Bob Broeksmit, CMB.
FHFA Rescinds Proposed Loan-Level Pricing Adjustment for DTI Ratios
The Federal Housing Finance Agency on Wednesday rescinded a controversial proposed loan-level pricing adjustment that the Mortgage Bankers Association said would have had adverse impact on both consumers and lenders.
Dealmaker: Gantry Secures $91 Million for Office, Multifamily, Industrial
Gantry, San Francisco, arranged nearly $91 million in financing for a New Mexico multifamily community, a self-storage portfolio in the Southeast and an office in suburban Phoenix.
ATTOM: April Foreclosure Activity Declines
Ahead this morning’s MBA 1st Quarter National Delinquency Survey, ATTOM, Irvine, Calif., reported 32,977 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — down 10 percent from a month ago but up 8 percent from a year ago.
TransUnion: Credit Card, Unsecured Personal Loan Balances at or Near Record Levels
TransUnion, Chicago, said consumers are increasingly turning to credit to manage their household budgets in the current economic environment, leading to record- or near-record high balances in credit cards and unsecured loans.
Inflation Slows to Two-Year Low
Consumer prices rose by 0.4 percent in April to 4.9 percent annually, the slowest annual inflation rate since April 2021, the Bureau of Labor Statistics reported Wednesday.
MISMO Seeks Public Comment on Enhanced Version of Industry Loan Application Dataset
MISMO®, the real estate finance industry standards organization, seeks public comment on an enhancement to the Industry Loan Application Dataset (iLAD), an industry standard for exchange of loan application information.