In a new blog post, MBA President and CEO Bob Broeksmit, CMB, delves into the FSOC push to regulate non-bank firms, and how that could negatively affect the sector.
Tag: MBA President & CEO Bob Broeksmit CMB
FHA Increases Threshold for Large Multifamily Loans to Be Eligible for Standard Underwriting
The Federal Housing Administration on Wednesday increased the threshold at which a multifamily loan is considered a large loan from $75 million to $120 million. The Mortgage Bankers Association commended the move.
MBA Comments on HUD COVID-Related Loss Mitigation Report
The HUD Office of the Inspector General issued two audit reports Thursday examining the loss mitigation options that loan servicers provided to borrowers with FHA-insured loans after their COVID-19 forbearance ended.
Quote: June 16, 2023
“Since the pandemic began in March 2020, mortgage servicers provided payment relief to nearly 8 million borrowers via forbearance. Today, only approximately 255,000 borrowers remain in forbearance, and delinquency rates are near historic lows.”
–Mortgage Bankers Association President and CEO Bob Broeksmit, CMB.
MISMO Names David Coleman President
MISMO®, the real estate finance industry standards organization, named mortgage industry veteran David Coleman President.
(#MBAServicing23): Leading Through Change and Uncertainty
ORLANDO–Mortgage servicing executives here at the MBA Servicing Solutions Conference & Expo stressed flexibility and adaptability in a rapidly changing business environment.