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Volume 19 Issue 175

Thursday, 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.

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.

Remote Work Could Open Homeownership to Nearly Two Million New Households

The rise of remote work could unlock homeownership for nearly two million renter households, according to Zillow, Seattle.

MBA: Share of Mortgage Loans in Forbearance Declines to 7.16%

The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported the total number of loans now in forbearance decreased 4 basis points to 7.16 percent of servicers’ portfolio volume as of Aug. 30.

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

Mortgage Refinances Are Up Over 200% From Last Year. Should You Hop on the Bandwagon?
Mortgage Demand From Homebuyers Surges 40% From a Year Ago Amid Sales Spree
Purchase Market Remains Resilient as Mortgage Applications Gain 2.9%
The Real Estate Market Is Hot. First-Time Buyers, Keep Your Cool
Share of Ginnie Mae Mortgages in Forbearance Increased Again
Did You See the Low Interest Rates? Mortgage Industry Booms as Home Sales, Refinances Skyrocket
CoreLogic Stockholders Will Decide Board’s Fate on Nov. 17

MBA NEWS

MBA Virtual Human Resources Symposium Sept. 10-11
MBA Hosts Sept. 10 Webinar on HECM Lending
General Session: GSE Update at MBA Risk Management, QA and Fraud Prevention Forum Sept. 16
NAMMBA Connect 2020–The Future of Lending Virtual Conference Sept. 17-18

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Quote

"MBA commends the Bureau for this proposal and its commitment to ensure the continued availability of sustainable, affordable mortgage credit, while maintaining robust standards for high-quality QMs." --Mortgage Bankers Association President and CEO Robert Broeksmit, CMB in a letter to the Consumer Financial Protection Bureau.

STATLINK

September 09, 2020

Multifamily Market Musings by Sharon Walker

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The multifamily market continues evolving in 2020 with plenty of interesting developments across the sources of capital that lend to multifamily property owners.

September 09, 2020

A Conversation with SimpleNexus President Cathleen Schreiner Gates

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On Tuesday, SimpleNexus, Lehi, Utah, named Cathleen Schreiner Gates as its new President, responsible for all operations and business strategy. MBA NewsLink had the opportunity to talk with her about her new role and the state of the mortgage industry.

September 09, 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 08, 2020

John Russo: How Loan Officers Can Underwrite Their Own Success

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Whether relatively new to the industry or a seasoned mortgage professional, there are some key aspects today’s LOs must consider when searching for a new workplace. In many ways, it is to their benefit to approach it as they would a new potential borrower, as if they were underwriting the company.

September 09, 2020

Ground-Up Construction Roundup: A Conversation with Key Bank SVP David Drummond and Rabbet CEO Will Mitchell

MBA Newslink interviewed Key Bank Real Estate Capital Senior Vice President David Drummond and Rabbet Chief Executive Officer Will Mitchell about trends and developments in the commercial and multifamily construction sector.

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 09, 2020

Industry Briefs Sept. 10, 2020

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

September 09, 2020

Dealmaker: Walker & Dunlop Arranges $67 Million Construction Loan

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Walker & Dunlop, Bethesda, Md., structured $67.2 million in financing to construct Shoma Village Apartments, a Class A mixed-use property with 304 apartment units and 11,625 square feet of retail in Hialeah, Fla.

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One Voice. One Vision. One Resource. The Mortgage Bankers Association (MBA) is the national association representing the entire real estate finance industry. For more information visit us at our website.

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

Editorial Director: Michael Tucker | 202/557-2851

Senior Editorial/Advertising Specialist: Lesley Hall | 202/557-2856

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