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Volume 19 Issue 176

Friday, September 11, 2020

Properties with Foreclosure Filings Uptick as Pandemic Continues

ATTOM Data Solutions, Irvine, Calif., reported nearly 10,000 U.S. properties with foreclosure filings in August, up 11 percent from a month ago but down 81 percent from a year ago.

MBA LIVE: Virtual Annual Convention & Expo Oct. 19-21

MBA is gearing up for its first-ever virtual Annual Convention & Expo. Taking place October 19-21 via MBA LIVE, attendees can connect whenever they want, from wherever they want.

‘Creative Placemaking’ Can Revitalize Communities, Boost Developer Returns

The Urban Land Institute, Washington D.C., said integrating the arts with good design can spark a creative culture in real estate projects, revitalize communities and boost financial and other return on investment measures for developers.

Mortgage Credit Availability Decreased in August

Mortgage credit availability decreased in August according to the Mortgage Credit Availability Index, a Mortgage Bankers Association report that analyzes data from Ellie Mae’s AllRegs® Market Clarity® business information tool.

MBA VideOS

mPower Moments: Teressa Lurk on Managing Teams--and Toddlers

mPower Moments: Teressa Lurk on Managing Teams--and Toddlers

MBANow 9/3/20: MBA Chief Economist Mike Fratantoni

MBANow 9/3/20: MBA Chief Economist Mike Fratantoni

MBA Washington Update 8/31/20

MBA Washington Update 8/31/20

MBA Mortgage Market Update 9/3/20

MBA Mortgage Market Update 9/3/20

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TOP NATIONAL NEWS

Broeksmit Talks Adverse Market Fee, Non-QM’s Future And More
Borrower Distress is Opening Opportunities for Private Mortgage Investing
Citi Names Jane Fraser as CEO, The First Woman to Lead a Major US Bank
Clarifire’s Jane Mason: Tech Opportunities Spring Up From Mass Urban Exodus
CMBS Delinquency Rate Down in August, But Ominous Conditions Remain
No “Rout” About It: Real Estate Tech Stocks Rebound
Could Soaring Lumber Prices Hammer Housing?
Marriott to Lay Off 17% of Corporate Staff Next Month
Value-Add Strategies That Could Work for Distressed Assets

MBA NEWS

MBA Education School of Mortgage Banking I: October 2020: Online
MBA Education Compliance Essentials: Telephone Consumer Protection Act (TCPA) Resource Guide
NAMMBA Connect 2020–The Future of Lending Virtual Conference Sept. 17-18
MBA Education Advanced Risk Management for Mortgage Professionals: Oct. 19- Nov. 6
MBA Education Offers Residential Certified Mortgage Servicer Designation

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Quote

"Several states--including Florida and New York--that have had foreclosure moratoria in place have recently loosened some of their restrictions, which may explain the unexpected bump in the monthly numbers.” --Rick Sharga, Executive Vice President with RealtyTrac.

STATLINK

September 10, 2020

Mortgage Rates Fall to Record Low

The 30-year fixed-rate mortgage averaged 2.86 percent last week, the lowest rate since at least 1971, reported Freddie Mac, McLean, Va.

September 10, 2020

MBA Responds to CFPB’s Proposed Rule Revising the General Qualified Mortgage Definition

On Tuesday, the Mortgage Bankers Association commented on the Consumer Financial Protection Bureau’s proposed rule to amend its General Qualified Mortgage (QM) loan definition in Regulation Z.

September 10, 2020

CREW Network: CRE Industry Must Take Action for Gender Parity, Greater Diversity

Efforts to achieve gender parity in commercial real estate are far from complete--in fact, little progress has been made in the last five years, reported CREW Network, Lawrence, Kan.

September 10, 2020

Industry Briefs Sept. 11, 2020

Intercontinental Exchange, Atlanta, received regulatory approval and completed its $11 billion acquisition of Ellie Mae from private equity firm Thoma Bravo.

September 10, 2020

People in the News Sept. 11, 2020

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Digital platform and business process management provider SLK Global Solutions added mortgage industry veteran Casey Hughes-Wade to its leadership team.

September 09, 2020

MBA Education Path to Diversity Scholar Profile: Adam Krings

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(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.)

September 10, 2020

Most Consumers Plan to Maintain Increased Digital Banking after Pandemic

COVID-19 has permanently changed how consumers interact with their financial services organization, reported BAI, Chicago.

September 10, 2020

Dealmaker: George Smith Partners Arranges $14M for Multifamily

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George Smith Partners, Los Angeles, arranged $13.8 million for two southern California multifamily properties.

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President and CEO: Robert Broeksmit, CMB

Publisher: Marcia Davies, Chief Operating Officer

Vice President of Public Affairs: John Mechem

Editor: Mike Sorohan | 202/557-2855

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