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.
MBA Newslinks Archive
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.
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.
OCC Lacks Legal Power to Create Fintech Charter, Court Rules
American Banker, Oct. 21, 2019–Brendan Pedersen (subscription)A federal judge dealt a blow to the Office of the Comptroller of Currency’s special purpose fintech charter on Monday, ruling that the agency …
Half the World’s Banks Are Too Weak to Survive a Downturn, McKinsey Says
Bloomberg, Oct. 21, 2019–Hannah LevittMore than half of the world’s banks are too weak to survive a downturn, according to a survey from consultancy McKinsey & Co. A majority of …
MBA Education Fundamentals and Best Practices in Mortgage Accounting in San Diego Nov. 19
MBA Education presents a half-day workshop, Fundamentals and Best Practices in Mortgage Accounting, at the Marriott Marquis San Diego Marina on Tuesday, Nov. 19 in conjunction with the MBA Accounting …
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 …
Terry McAuliffe, Chris Christie, Margaret Brennan Keynote MBA Annual19 General Session
The Mortgage Bankers Association’s Annual Convention & Expo, Oct. 27-30 in Austin, Texas, is coming up fast, with former Virginia Gov. Terry McAuliffe, former New Jersey Gov. Chris Christie and …
Will Supreme Court Decision Threaten CFPB Independence?
HousingWire, Oct. 21, 2019–Kelsey RamirezVarious groups are torn on the Supreme Court’s decisioni to hear the case, with some saying a committee to head the bureau will keep it more …
Nearly $42M in CMBS at Risk in GameStop Store Shutdown: Morningstar
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 …