The 2020 elections are less than six months away—and political divisions in America appears to be more prevalent than ever. Judging from appearances yesterday at MBA Live: State of the Industry, that won’t change soon.

The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey showed mortgage loans now in forbearance increased to 8.16% of servicers’ portfolio volume in as of May 10, up from 7.91% the previous week.

(One of a continuing series of profiles of participants in the MBA Education Path to Diversity (P2D) Scholarship Program, which enables employees from diverse backgrounds to advance their professional growth and career development.)

Richey May & Co., Englewood, Colo., is an accounting and business consulting firm, focused on the mortgage banking industry. Their diverse offerings include Audit, Tax, Accounting, Business Advisory and Technology Consulting. Founded in 1985, its specialized approach allows it to serve our clients at a high level, with many service leaders holding previous experience at mortgage companies.

Paul Fischer is Director of Professional Services with Paradatec, Cincinnati. The company’s website is https://www.paradatec.com/.

This article is intended as an overview of key steps in submitting and obtaining PPP loan forgiveness. It is based on guidance from the SBA, current as of the date of publication, and is merely a general overview. Lenders should always consult with their own legal advisor and check for new or updated guidance.

MISMO®, the mortgage industry standards organization, announced it updated the Industry Loan Application Dataset (iLAD), the modernized dataset for exchanging loan application data, to “Candidate Recommendation” status.

M&T Realty Capital Corp., Baltimore, closed a $51.2 million Freddie Mac Optigo conventional loan for The Elms at Arcola, a 248-unit Sterling, Va. apartment property.