What follows are findings from a survey of senior mortgage executives I conducted in the first half of May. Due to cancellation of MBA’s National Secondary Market Conference, this survey was completed over the phone rather than face to face, as has been the case in the 23 preceding surveys done since 2008. Normally the surveys are conducted at the secondary conference as well as at the MBA Annual Convention every October.
Tag: Federal Reserve
MBA Chart of the Week: Proportion of Work Being Performed Remotely
MBA’s Chart of the Week three weeks ago (May 8) focused on the U.S. Bureau of Labor Statistics’ bleak April report on employment conditions. We examined which industries and sectors have been hardest hit by the COVID-19 pandemic. This week, we continue our examination of the labor market using new survey data released by the Federal Reserve Board, and examine, by education level, how many people were able to work from home as the crisis deepened in early April.
MBA Chart of the Week: Securities Held by Federal Reserve Banks
The MBA Chart of the Week shows the evolution of securities held outright by the Federal Reserve Banks since 2007.
Mortgage Action Alliance ‘Call to Action’ Urges Congress to Act on Liquidity Facility
The Mortgage Action Alliance, the grassroots advocacy arm of the Mortgage Bankers Association, issued a ‘Call to Action’ on Friday, urging its members to contact their members of Congress to support legislation that would provide lenders and servicers with liquidity support.
Federal Agencies Allow Member Banks to Postpone Appraisals for 120 Days
Three federal agencies this week announced a rule change allowing its member banks to postpone an appraisal on a residential or commercial property for 120 days after the loan is closed.
Federal Agencies Allow Member Banks to Postpone Appraisals for 120 Days
Three federal agencies this week announced a rule change allowing its member banks to postpone an appraisal on a residential or commercial property for 120 days after the loan is closed.
Fed Announces Additional $2.3 Trillion in Government Loan Facilities
The Federal Reserve yesterday announced a dramatic increase to the scale and scope of its mortgage-backed securities purchases, providing up to $2.3 trillion in new loans to support the economy to bolster the ability of state and local governments to deliver services during the coronavirus pandemic.
Fed Announces Additional $2.3 Trillion in Government Loan Facilities
The Federal Reserve this morning announced a dramatic increase to the scale and scope of its mortgage-backed securities purchases, providing up to $2.3 trillion in new loans to support the economy to bolster the ability of state and local governments to deliver services during the coronavirus pandemic.
MBA, Trade Groups Release Statement Urging Regulators to Establish Liquidity Facility
The Mortgage Bankers Association and a broad coalition of organizations representing financial industry and affordable housing advocates on Saturday released a statement calling on government regulators to provide a source of liquidity to those mortgage servicers that may need additional capacity to support homeowners and renters impacted by COVID-19.
CRE Finance in an Uncertain World
MBA hosted a webinar on Friday, March 27 with commercial real estate finance industry leaders to discuss COVID-19’s impacts on the industry.