“As someone who served as the president of a good-sized mortgage company during the Great Recession, I know all too well the difficult decisions you’re facing. They aren’t easy. They never are. But they are necessary. The tough calls you’re making today will help you emerge stronger tomorrow. Our industry is resilient. And make no mistake: We will emerge stronger, together.”
–MBA President & CEO Bob Broeksmit, CMB.
The affordable housing market sits at a “critical juncture” as heightened housing demand and soaring inflation challenge low-income households, reported Arbor, Uniondale, N.Y.
On Friday, Ginnie Mae extended the mandatory implementation date of its recently announced risk-based capital requirement to December 31, 2024. On Wednesday, a federal appeals court found that the CFPB’s independent funding structure is unconstitutional
Ginnie Mae on Friday said it would extend its mandatory implementation date of its risk-based capital requirement by one additional year, to Dec. 31, 2024.
U.S. hotel construction ticked upward in September for the third consecutive month, reported STR, Hendersonville, Tenn.
The opportunity exists for investors and lenders to “trigger” a course correction of the economic ship and spur more growth. Previously untapped areas, such as supporting underbanked prospective borrowers with the help of technology that accurately creates a complete picture of their true financial health, can become a catalyst for positive change.
M&T Realty Capital Corp., Baltimore, placed two loans totaling $24.3 million on two Long Island office assets.
In this week’s Chart of the Week, we show the year-to-date forbearance rates across all investor categories. The most substantial improvement was among portfolio and private-label securities loans. The forbearance rate has dropped 229 basis points since the beginning of the year.
NASHVILLE–Good morning, and happy Monday! MBA NewsLink comes to you this morning from the Mortgage Bankers Association’s Annual Convention & Expo here at the Music City Center.
NASHVILLE—The Mortgage Bankers Association’s Annual Convention & Expo gets fully underway this morning with a packed slate of sessions and events.
