Skip to content

Volume 22 Issue 224

Thursday, November 16, 2023

To the Point With Bob: Proposed Capital Requirements on Big Banks Would Mean Fewer Choices, Higher Mortgage Costs

MBA President and CEO Bob Broeksmit, CMB, provides his perspective on the latest proposed capital requirement developments and their effects on the industry.

MBA Statement on FHA’s Annual Report to Congress

Bob Broeksmit, CMB, President and CEO of the Mortgage Bankers Association, issued the following statement regarding the Federal Housing Administration's release of its annual report to Congress:

Yardi Matrix Increases Multifamily Completion Forecast for 2024, 2025

Yardi Matrix, Santa Barbara, Calif., reported multifamily construction starts increased slightly in the third quarter, and overall construction levels should yield an uptick for 2024 and 2025 completions.

MBA VIDEOS

MBA Research Minute

MBA Research Minute

MBA Eye on Washington

MBA Eye on Washington

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

MBA Opens Doors and #GivingTuesday 2023

MBA Opens Doors and #GivingTuesday 2023

View in Browser >

TOP NATIONAL NEWS

Mortgage Bankers Association Responds to Veteran Mortgages Story
Congress Passes Funding Bill to Avert Government Shutdown
The Average IMB Lost $1,015 Per Loan in Q3, Nearly Doubling Q2 Losses: MBA
FHFA Sets Lower Multifamily Loan Caps for GSEs in 2024
Biden Administration Promotes First-Time Homebuyers Helped by FHA Programs in New Report
FHFA Exempts Workforce Housing from Caps
Mortgage Industry to Biden: Cut Homebuyers’ Costs More
The Most and Least Expensive Metros for SFR Rents

MBA NEWS

MBA Independent Mortgage Bankers Conference, Jan. 22-24 in New Orleans. Register by Dec. 11 to Save
Monday, Dec. 4: MISMO’s Servicing eNotes 101-Getting Started
MBA Servicing Solutions Conference & Expo in Orlando Feb. 20-23, 2024
Residential Certified Mortgage Servicer (RCMS) Designation

Quote: Nov. 16, 2023

"Given the inextricable link between mortgage lending, the American Dream, and the overall health of the economy, banking regulators should be doing whatever they can to support real estate markets and the broader economy. Unfortunately, the opposite is happening." --MBA President & CEO Bob Broeksmit, CMB

MBA: IMBs Report Net Production Losses in Third-Quarter 2023

Independent mortgage banks and mortgage subsidiaries of chartered banks reported a pre-tax net loss of $1,015 on each loan they originated in the third quarter of 2023, an increase from the reported loss of $534 per loan in the second quarter of 2023, according to the Mortgage Bankers Association’s newly released Quarterly Mortgage Bankers Performance Report.

November 15, 2023

Fitch Ratings: WeWork Bankruptcy Unlikely to Pressure Office REIT Occupancies

https://newslink.mba.org/wp-content/uploads/2023/11/WeWork-Office-stock-photo-credit-sonya-livshits-via-pexels-100-120.jpg

WeWork’s recent bankruptcy filing should have little or no direct credit effect for U.S. equity real estate investment trusts, given minimal, or no, exposure in rated issuers’ portfolios, according to Fitch Ratings, New York.

November 15, 2023

ATTOM: Foreclosure Activity Steady In October

https://newslink.mba.org/wp-content/uploads/2023/06/Foreclosure-Sign-ATTOM-100-120.jpg

ATTOM, Irvine, Calif., found 34,472 U.S. properties with foreclosure filings in October, down 6 percent from a month ago but up 6 percent from a year ago.

November 16, 2023

Rapidio’s Michael Tuch: Hone Your Lending Operations to Reduce Origination Costs, Strengthen Profitability

https://newslink.mba.org/wp-content/uploads/2023/11/Michael-Tuch-op-ed.jpg

Lenders must use the current market to hone their lending operations and uncover greater efficiencies that drive stronger profitability and drive down origination costs long term.

November 16, 2023

BSI Financial Services’ Allen Price: Success of Growing Home Equity Investment Market Depends on Unique Servicing Capabilities

https://newslink.mba.org/wp-content/uploads/2023/09/allen-price-oped.jpg

In the mortgage industry, what you don't know can indeed hurt you—or at the very least, leave you trailing behind. This saying could also apply to the home equity investment (HEI) market, which has steadily gained ground over the past couple of years.

November 15, 2023

STRATMOR Group’s Michael Grad: Unlocking Profits from Servicing Assets

https://newslink.mba.org/wp-content/uploads/2023/11/Grad_Michael-STRATMOR-Group-100-120.jpg

With interest rates soaring, most lenders are struggling to generate enough profit from originations to sustain business. And when they are incurring losses with each loan originated, many have turned their attention to mortgage servicing rights for extra revenue.

November 20, 2023

Nov. 21: NMLS Mortgage Call Report (MCR) Version 6 – What You Need to Know

https://newslink.mba.org/wp-content/uploads/2021/08/MBAEducationLogo120.jpg

The implementation of the NMLS Mortgage Call Report carries with it many changes for all MCR filers. Preparing to implement MCR Version 6 on a short timeline is an enormous challenge. Join MBA Education and industry experts from the Conference of State Bank Supervisors for tips and best practices for implementation.

CLICK HERE FOR PRIOR ARTICLES

ABOUT MBA NEWSLINK

MBA NewsLink, a daily electronic publication, is a member benefit free to employees of MBA member companies, and available by paid subscription to non-members. For membership information click here

If this email has been forwarded to you, please visit our website to subscribe.

The links at the end of each abstract are to the publisher, publication, or article. Some links may require registration or subscription

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

Senior Advertising & Editorial Specialist: Emani Curry | 202/557-2774
Advertising Opportunities: Bill Farmakis | 203/834-8832