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Volume 22 Issue 233

Monday, December 04, 2023

MBA Statement Highlighting Policy Concerns on Credit Reporting Costs

MBA's President and CEO Bob Broeksmit, CMB, released a statement highlighting policy concerns on credit reporting costs.

MBA Chart of the Week: CRE Delinquencies and Net YTD Charge-offs at FDIC-Insured Firms

Since March 2023, a recurring set of questions has revolved around a) how conditions in commercial real estate are affecting banks and b) how conditions with banks are affecting CRE.

MBA Advocacy Update: VA Issues Voluntary Foreclosure Moratorium; SEC Conflicts of Interest Final Rule; FHA 203(k) Program Proposal

This week’s top legislative and policy news from the Mortgage Bankers Association.

MBA VIDEOS

Industry Leaders On Why You Should Attend MBA’s Annual IMB Conference

Industry Leaders On Why You Should Attend MBA’s Annual IMB Conference

MBA Research Minute

MBA Research Minute

mPower Moments: On Balancing Motherhood and Career Success with MBA’s Ashley Marshall

mPower Moments: On Balancing Motherhood and Career Success with MBA’s Ashley Marshall

Attendees made HERstory at mPowering You 2023!

Attendees made HERstory at mPowering You 2023!

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TOP NATIONAL NEWS

Monthly Mortgage Payments Up to Nearly $2,200
Homebuyer Affordability Conditions Slipped Further in October
Credit Reports Will Be More Expensive for Mortgage Lenders in 2024
Mortgage Rates Will Decline Further, Economic Signs Indicate
Servicing Income Helping to Prop Up Lenders
Should You Buy or Rent? The New Math.
Unclear Impact of SEC Rule on Home Equity Issuance
FHA Finalizes New Servicing Incentives for Reverse Mortgages
HUD Proposes 30-Day Notice Rule for Public Housing Rent Nonpayment
Inflation Fight Has Come Down to Housing, Chicago Fed’s Goolsbee Says
With Offices Sitting Empty, Landlords Are ‘Handing Back the Keys’

MBA NEWS

Today: MBA’s State of the Association Address
Designed by IMBs for IMBs: MBA Independent Mortgage Bankers Conference Starts Jan. 22
Today: California’s Corporate Climate Data Accountability Act (MBA Webinar)

Quote: Dec. 4, 2023

"MBA is deeply concerned about the sharply rising costs of the tri-merge credit reports and other credit reporting products, some of which are required in order to originate a loan for sale to the GSEs and for government-insured loans. We have seen the media reports about price increases for the required ‘tri-merge’ credit report that will range from 25% to more than 400% beginning in 2024." --MBA President and CEO Bob Broeksmit, CMB

KBRA: CMBS Delinquency Rate Ticks Upward

KBRA, New York, said the delinquency rate among KBRA-rated U.S. commercial mortgage-backed securities increased 19 basis points in November to 4.4%.

December 04, 2023

MBA Premier Member Profile: Experian

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(One in a continuing series of profiles of Premier Members of the Mortgage Bankers Association.)

December 04, 2023

MBA Newslink Q&A: Toby Wells, President of Cornerstone Servicing

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MBA NewsLink interviewed Cornerstone Servicing President Toby Wells about technology advances that improve default servicing operations and borrower communications.

December 01, 2023

Monday, Dec. 4: MISMO’s Servicing eNotes 101-Getting Started

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Join the MISMO eMortgage Community of Practice to learn about Servicing eNotes. In this webinar, speakers will provide a high-level overview of how Servicers and Subservicers fit into the eNote Lifecycle.

December 01, 2023

Dealmaker: Merchants Capital Secures $17.4M in Equity Financing in Indiana

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Merchants Capital, Carmel, Ind., secured $17.4 million in Low-Income Housing Tax Credit equity financing for the construction of an affordable senior property in Fort Wayne, Ind.

December 05, 2023

First American’s Mark Fleming: The Housing Market Outlook is Not Too Hot, Not Too Cold, But Not Quite Right Either

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If the 2020-2021 housing market was ‘too hot,’ then the 2023 market was probably ‘too cold,’ but 2024 won’t yet be ‘just right.’

December 05, 2023

Mark P. Dangelo: The Path to 2024 Growth–A Sea Change of AI Transformations and Upskilling

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With Q* now rumored, the multi-dimensional demands and opportunities for AI solutions have never been greater—but it is not traditional.

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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: Michael Tucker | 202/557-2851

Editorial Manager: Anneliese Mahoney | 202/557-2938

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