BREAKING NEWS
Loans in Forbearance Fall for 21st Consecutive Week
Loans in forbearance fell for the 21st consecutive week, the Mortgage Bankers Association said on Monday.
The Mortgage Bankers Association’s grassroots advocacy arm, the Mortgage Action Alliance, issued a ‘Call to Action’ on Monday to its 70,000-plus members urging them to tell their elected officials to not use government-sponsored enterprise guaranty fees (g-fees) as a source of funding offsets.
June new home sales fell well below consensus expectations, HUD and the Census Bureau reported Monday, though analysts did not appear to be too worried by the results.
Real Capital Analytics, New York, said U.S. commercial property price growth shifted higher in June, led by the apartment sector.
In this week’s MBA Chart of the Week, we focus on the production costs in the retail channel. The cost to originate averaged $8,243 per loan in 2020, a $453 per loan improvement over 2019.
The Federal Housing Administration on Friday published Mortgagee Letter 2021-18, COVID-19 Recovery Loss Mitigation Options. The ML outlines assistance for homeowners who have been financially impacted by the COVID-19 pandemic to remain in their homes with new, streamlined loss mitigation options.
Sonnenblick-Eichner Co., Beverly Hills, Calif. arranged $38 million in interim first mortgage leasehold financing for The Portofino Hotel & Marina, a full-service hotel in Redondo Beach, Calif.
The Mortgage Bankers Association co-hosted a virtual panel with the California Mortgage Bankers Association and the American Council of Life Insurers on July 14. Five panelists represented firms with a variety of commercial real estate debt and equity strategies and buckets of capital including substantial life insurance company capital.
Industry 4.0 for banking and financial services is changing the landscape of the who, what, where, why, and how of M&A targets and post-deal actions. Prescriptions are out—a new framework is in due to non-stop deals, vast data, and layers upon layers of new innovations. M&A actions moving forward are all about “Are we asking the right questions?"
The Mortgage Bankers Association is now accepting speaker proposals for its Independent Mortgage Bankers Conference 2022, taking place January 24-27 in Nashville, Tenn. This annual event is the largest gathering of non-bank mortgage lenders and is purpose-built for the IMB.
Registration for the Mortgage Bankers Association’s Annual Convention & Expo, taking place Oct. 17-20 at the San Diego Convention Center, is officially open. Join MBA in San Diego as Academy Award- and Presidential Medal of Freedom Award-winning actress Rita Moreno keynotes the mPower Luncheon on Tuesday, Oct. 19.
NotaryCam, Newport Beach, Calif., partnered with RUTH RUHL P.C., a Texas-based law firm, to add security and automation to the firm’s loss mitigation services through remote online notarization.
The Mortgage Bankers Association introduces a new offering to its members -- the Diversity, Equity and Inclusion (DEI) Study -- separately designed and compiled for both the residential and commercial/multifamily sides of the real estate finance industry
