CoreLogic subsidiary ClosingCorp, San Diego, said national average closing costs for refinances increased by more than 4 percent in 2021, but remained less than 1 percent of the average refinance amount.
Category: News and Trends
CFPB: ECOA Protects Borrowers After Applying for, Receiving Credit
The Consumer Financial Protection Bureau on Monday published an advisory opinion affirming the Equal Credit Opportunity Act—a federal civil rights law protecting individuals and businesses against discrimination in accessing and using credit—bars lenders from discriminating against customers after they have received a loan, not just during the application process.
Tony Thompson, CMB: CCL Coaching Program Launches at NAMMBA
The secret to success in the CRA/LMI marketplace isn’t a formula. It isn’t banging your head on the proverbial brick wall hoping for a breakthrough. And it isn’t trying the same old tactics in the hope that something sticks. It’s a combination of knowledge and becoming a part of the community you serve.
MBA Commercial/Multifamily Finance Servicing and Technology Conference in Los Angeles May 15-18
The Mortgage Bankers Association’s Commercial/Multifamily Finance Servicing and Technology Conference takes place May 15-18 at the JW Marriott Los Angeles.
U.S. Hotel Profitability Reaches 28-Month High
STR, Hendersonville, Tenn., said March U.S. hotel gross operating profits reached their highest levels since 2019.
Dealmaker: MetroGroup Secures $19M for San Diego Retail Center
MetroGroup Realty Finance, Newport Beach, Calif., arranged $18.5 million in financing for an unanchored retail center totaling 56,175 square feet in northern San Diego.
Mark P. Dangelo: The Digital ‘Butterfly Effect’ — Defining the Consumer and Their Options
As economic and political impacts shift in 2022, underpinning it all is a silent reality crater exposing audit and systemic risks as digital transformations continuously evolve.
Q/A: Marcy Thomas, CCMS, of Grandbridge Real Estate Capital
MBA NewsLink interviewed Marcy Thomas, Vice President and Portfolio Loan Manager with Grandbridge Real Estate Capital LLC, about CMBS servicing, DEI, the upcoming Commercial/Multifamily Finance Servicing and Technology Conference and what the CCMS designation means to her.
Roby Robertson of LoanLogics: Ignoring Income Defects Could Spell Disaster
Back in 2015, Tesla CEO Elon Musk famously promised that self-driving cars would be a common sight on American roadways within the next three years. He wasn’t alone—Nissan and other automakers thought fully autonomous vehicles would arrive by 2020.
MBA Advocacy Update May 9 2022
Last Thursday, the OCC, Federal Reserve, and FDIC issued a joint notice of proposed rulemaking overhauling Community Reinvestment Act regulations. And HUD announced an exclusive listing period for CWCOT Post-Foreclosure Sales.