Climate Change Could End Mortgages as We Know Them

CBS News, Nov. 8, 2019–Irina IvanovaClimate change could punch a hole through the financial system by making 30-year home mortgages–the lifeblood of the American housing market–effectively unobtainable in entire regions …

Save on FedEx Shipping through MBA Member Advantage Program

Through the MBA Member Advantage Program, you can save up to 29 percent on small package shipping with FedEx. https://www.mba.org/members/member-resources/member-advantage-program?utm_source=Informz&utm_medium=Email&utm_campaign=mba.org&_zs=o2eVM1&_zl=I4M64

MBA Advocacy Update

Last Friday, MBA President and CEO Bob Broeksmit, CMB, attended a White House meeting chaired by HUD Secretary Ben Carson and attended by other senior administration officials and key industry stakeholders to discuss housing affordability. And on Monday, the Federal Housing Finance Agency announced it is seeking comment on pooling practices for Fannie Mae and Freddie Mac in the Uniform Mortgage-Backed Securities market.

Apply Now for MBA Path to Diversity Scholarship Program

The Path to Diversity Scholarship Program recognizes existing industry professionals who are seeking to advance their careers through continuing education. Recipients receive a voucher to cover course registration fees, up …

MBA Education/ALTA Digital Closing & eMortgage Boot Camp Dec. 11-12

MBA Education and the American Land Title Association present a special Digital Closing & eMortgage Boot Camp Dec. 11-12 in Arizona at the Hilton Scottdale Resorts & Villas. https://www.mba.org/store/events/classroom-course/mba-and-altas-digital-closing-and-emortgage-boot-camp-az

CSBS License Renewal Period Underway; Deadline Dec. 31

The Conference of State Bank Supervisors announced the start of the license renewal period for individuals and businesses that provide mortgage, money transmission, debt collection and consumer financial services to consumers. These individuals and businesses are required to maintain and renew licensure through the Nationwide Multistate Licensing System.

MBA Chart of the Week: CPI Inflation–Shelter Costs

Housing affordability challenges–for both buying and renting–continue to be a topic of discussion. According to the Bureau of Labor Statistics, shelter costs continue to outpace the price growth of overall goods and services, as measured by the Consumer Price Index.

The Week Ahead

A busy month continues for the Mortgage Bankers Association, with several reports coming in the next two weeks.