Bob Broeksmit, CMB, President and CEO of the Mortgage Bankers Association, issued the following on recent coverage of uncertainty in commercial real estate markets:
Tag: Robert Broeksmit CMB
FHFA Delays Effective Date of GSE DTI Ratio-Based Fee to Aug. 1
The Federal Housing Finance Agency on Wednesday announced a 90-day delay in the effective date of the new Loan Level Price Adjustments for certain borrowers with debt-to-income ratios above 40 percent. The new effective date will be for deliveries on or after August 1.
MBA Launches CONVERGENCE Philadelphia
The Mortgage Bankers Association on Wednesday launched CONVERGENCE Philadelphia, its third city-based pilot program to promote and increase minority homeownership. CONVERGENCE Philadelphia joins initiatives underway in Memphis, Tenn., and Columbus, Ohio.
House Passes MBA-Supported Federal RON Bill
The House on Monday passed an MBA-supported bill that would create minimum federal standards to complement more than 40 current state remote online notarization laws.
(#MBACREF23) Broeksmit: A ‘Special Urgency in These Uncertain Times’
SAN DIEGO–Mortgage Bankers Association President and CEO Bob Broeksmit, CMB, opened the MBA Commercial/Multifamily Finance Convention & Expo here on Monday with a reminder that circumstances can change in a heartbeat.
(#MBACREF23) Broeksmit: A ‘Special Urgency in These Uncertain Times’
SAN DIEGO–Mortgage Bankers Association President and CEO Bob Broeksmit, CMB, opened the MBA Commercial/Multifamily Finance Convention & Expo here on Monday with a reminder that circumstances can change in a heartbeat.
MBA Letter Voices Concerns Over FHFA DTI-Based LLPA
The Mortgage Bankers Association on Friday sent a letter to the Federal Housing Finance Agency expressing concerns regarding recently announced changes to loan-level price adjustments by Fannie Mae and Freddie Mac, particularly addition of an LLPA based on debt-to-income ratio.
People in the News Jan. 31, 2023: MBA Renames Lowrie-Woodward Distinguished Service Award
The Mortgage Bankers last week renamed its highest award to honor Regina Lowrie, CMB, the first female MBA Chair, who passed away last month.
(IMB23) Mortgage Market Outlook: Volatility, Trending Toward Stability
CORONADO, Calif.—Inflation. Higher interest rates. Rising home prices. Market uncertainty. If 2022 threw independent mortgage bankers a curve ball, 2023 already appears to be tossing a knuckleball.
(IMB23) Broeksmit: ‘Now is the Time to Dig Deep’
CORONADO, Calif.—Mortgage Bankers Association President & CEO Bob Broeksmit, CMB, opened the MBA Independent Mortgage Bankers Conference here Tuesday with a sober assessment–and an optimistic prognosis.