The Mortgage Bankers Association, in a Mar. 27 letter to the Securities and Exchange Commission, said a proposed rule to curb certain material conflicts of interest in securitizations is flawed and would present risks to that market.
Category: News and Trends
Redfin: Spring Home Season Off to Mixed Start
Two reports from Redfin, Seattle, suggest the spring home buying/selling season could be hamstrung by cooling home prices and a usual suspect: not enough housing inventory.
Dealmaker: Newmark Arranges $248M for The Biltmore in New York
Newmark, New York, arranged $248 million to refinance The Biltmore, a 464-unit apartment building in Manhattan’s Midtown West submarket.
MISMO Seeks Public Comment on Life of Loan Process Model Enhancements
MISMO®, the real estate finance industry’s standards organization, seeks public comment on its latest version of the MISMO Life of Loan Process Model. The 30-day comment period runs through April 26, 2023.
RealPage: Class A Apartments Command 28% Rent Premium Over Class B
A growing gap between Class A apartment rents and Class B rents is increasing investment activity in middle-market Class B product, reported RealPage, Richardson, Texas.
People in the News Mar. 28, 2023: Mortgage Advisory Partners Names Maria Elena Jaimes Managing Director of Training, Development
Mortgage Advisory Partners, Newport Beach, Calif., hired Maria Elena Jaimes as Managing Director of Training and Development.
MBA President and CEO Bob Broeksmit, CMB, on Recent Coverage of Uncertainty in Commercial Real Estate Markets
Bob Broeksmit, CMB, President and CEO of the Mortgage Bankers Association, issued the following on recent coverage of uncertainty in commercial real estate markets:
MBA Advocacy Update, Mar. 27, 2023
On Thursday, the Federal Housing Finance Agency announced plans for stakeholder input as Fannie Mae and Freddie Mac work to replace the Classic FICO credit score model with the FICO 10T and the VantageScore 4.0 credit score models, and transition from requiring three credit reports (or “tri-merge”) to requiring two credit reports (or “bi-merge”) for single-family loan acquisitions.
MBA Chart of the Week, Mar. 24, 2023: CRE Loans/FDIC-Insured Institutions
There is, not inappropriately, a great deal of attention being paid to commercial real estate right now. And with that attention come a lot of different questions and answers—with many answers varying depending on how one defines things.
MBA Education Path to Diversity Scholar Profile: Jessica Dehoux
Jessica Dehoux is a Mortgage Loan Officer for Chesapeake Bank, Kilmarnock, Va. She has completed the MBA Education School of Loan Origination and School of Mortgage Banking I. She started her banking career in 2008; she has been in the mortgage lending industry for six years and in her current position as Loan Officer for 2.5 years.