National Mortgage News, Oct. 21, 2019–Bonnie Sinnock (subscription)GameStop’s plan to shutter up to 200 stores could adversely affect commercial mortgage-backed securities loans with a combined allocated property balance of almost …
MBA Newslinks Archive
Wells Fargo Finally Has a CEO. Here’s What He Has To Do
Wall Street Journal, Oct. 21, 2019–Rachel Louise Ensign (subscription)Lingering effects of accounts scandal, revenue declines and more await banking veteran Charles Scharf.https://www.wsj.com/articles/wells-fargo-finally-has-a-ceo-heres-what-he-has-to-do-11571659202?mod=hp_lista_pos5
BankThink–Let’s Get Housing Reform Right This Time
American Banker, Oct. 21, 2019–Robert Broeksmit, CMB, et alMBA President and CEO Robert Broeksmit, CMB and leaders of other major industry trade associations pen letter urging policymakers to take “thoughtful …
Residential Briefs
Black Knight Inc., Jacksonville, Fla., launched Regulatory Assist, designed to help clients streamline the compliance-testing process and make compliance validation easier and quicker.
MBA, Trade Group CEO Letter Urges Policymakers to Get Housing Reform ‘Right this Time’
Mortgage Bankers Association President & CEO Robert Broeksmit, CMB, and the leaders of three other major industry trade groups penned a letter yesterday that appeared in American Banker, urging policymakers to take “thoughtful and balanced” approach to housing reform to get it “right this time.”
MBA Letter Lauds FDIC Proposed ‘Safe Harbor’ Rulemaking
The Mortgage Bankers Association, in an Oct. 21 letter to the Federal Deposit Insurance Corp., expressed strong support for a proposed rulemaking that would remove barriers for issuance of private residential mortgage-backed securities without jeopardizing safety and soundness of RMBS sponsors or investors.
MISMO Issues Draft Update to SMART Doc Implementation Guide
MISMO announced release of a draft update to its SMART Doc® Implementation Guide for member comment.
RE/MAX: September Home Sales Post Highest Gain in 3 Years
RE/MAX, Denver, marking the end of peak home-selling season, said September home sales rose by 8.1% year over year, the largest such increase since November 2016.
Commercial Real Estate Remains Strong Even With Talk of Possible Recession
One silver lining for commercial real estate owners is that recessionary fears continue to keep U.S. Treasury yields at record lows.
Lenders Can Drive Home their Expertise with Digital Transformation
Mortgage lenders are adjusting to operating in a fast-changing landscape that is more complex than ever. Technological advances, rising borrower expectations and the transformation of operations and compliance controls dominate the mortgage lending environment.