The MBA Commercial/Multifamily Finance Convention & Expo–CREF23–takes place Feb. 12-15 at the Manchester Grand Hyatt in San Diego.
Category: News and Trends
MISMO Seeks Public Comment on New Flood Risk Disclosure Resource Guide
MISMO®, the real estate finance industry standards organization, seeks public comment on a new Flood Risk Disclosure Resource Guide. The guide is designed to help homeowners and industry participants understand potential flood risks by listing publicly available resources, factors, and information that may be useful.
Christopher Brown of Fiserv: Lenders Warm Up to Open Banking
In the lending industry, open banking, which typically involves the use of application programming interfaces to connect various systems in the cloud, already has a strong foothold. Now, as the federal government and other high profile financial services providers have embraced the cloud, lenders increasingly consider open banking a safe and efficient option to hosting services in their own data centers. This is a positive development for reasons that benefit borrowers and lenders alike.
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“Next year will be particularly challenging for the U.S. and global economies. The sharp increase in interest rates this year – a consequence of the Federal Reserve’s efforts to slow inflation, will lead to an equally sharp slowdown in the economy, matching the downturn that is happening right now in the housing market.”
–MBA Chief Economist Mike Fratantoni.
MBA Opens Doors Foundation Raises Nearly $184,000 During September Fundraisers
The MBA Opens Doors Foundation raised nearly $184,000 at two successful September fundraisers.
Dan Ortiz of Enact: The Impacts of Climate Change on the Mortgage Industry
Climate change may seem like a distant topic to many, but it has the potential to affect various industries in many different ways. The mortgage industry, in particular, faces unique risks due to climate change and its impacts.
Rhonda McGill of PerformLine: CFPB Director Rohit Chopra–A Year in Review
In his first year as Director of the CFPB, Rohit Chopra has taken an aggressive approach to consumer protection through market monitoring inquiries, interpretive rules, circulars, advisory notices, and enforcement actions.
Murali Tirupati of Vaultedge: Braving the Inflation Headwind: a Lender’s Guide for Survival
Kindled by rising interest rates, the U.S. mortgage market is eventually reaching a vital juncture, leaving lenders to make a string of complicated decisions about the future of their organization.
Christopher Brown of Fiserv: Lenders Warm Up to Open Banking
In the lending industry, open banking, which typically involves the use of application programming interfaces to connect various systems in the cloud, already has a strong foothold. Now, as the federal government and other high profile financial services providers have embraced the cloud, lenders increasingly consider open banking a safe and efficient option to hosting services in their own data centers. This is a positive development for reasons that benefit borrowers and lenders alike.
Initial Claims at 3-Week Low as Effects of Hurricane Ian Fade
Initial claims for unemployment insurance fell last week, negating an earlier spike resulting from effects of Hurricane Ian, the Labor Department said Thursday.