MBA Newslinks Archive

“MBA’s task force recognizes that the industry, borrowers and investors need a successor to HAMP that is consistent and can be widely scaled. Application of the Task Force’s principles and the ‘One Modification’ or ‘One Mod’ will go a long way towards offering deep payment relief for struggling homeowners and a positive economic outcome for investors.”
–Pete Mills, Senior Vice President of Residential Policy and Member Services with the Mortgage Bankers Association.

“After three straight quarterly declines in productivity, potential growth is lower–a reality that is reflected in the Fed’s own diminished forecast for longer run GDP growth.”
–Tim Quinlan, economist with Wells Fargo Securities, Charlotte, N.C.

“Markets continue to be confused by the divergent messages being sent by different Fed voices, and perhaps as a result, longer term rates were little changed immediately following the FOMC announcement. In the press conference following the announcement, Chair Yellen emphasized that the still low level of inflation was the primary reason that the Fed chose to keep rates unchanged at this point. She also said explicitly that she expects a rate hike this year.”–MBA Chief Economist Mike Fratantoni.

“While the processes behind generating property values are very similar and the valuation reports for both evaluations and appraisals look fairly identical, there are distinct circumstances when lenders should consider doing one over the other.”–Audrey Clearwater, vice president of operations with LRES, Orange, Calif.

“This is a great industry for the unique combination of skills that many women possess: attention to detail, multi-tasking and good communication ability. There are amazing opportunities if one can apply their talents. Work hard and if you want to succeed, first earn respect and then demand it.”–Patricia Raymo, Chief Operating Officer of Retail with loanDepot, Foothill Ranch, Calif.

“The decline in government bond yields has kept the spread of cap rates above the risk-free rate favorable, which has helped to support current price levels.”
–CBRE Americas Head of Research Spencer Levy. 

“We want to make sure our industry is inclusive, so we can be diverse and as such, serve our customers better.”–MBA Chairman-Elect Rodrigo Lopez, CMB.

“Our sense is that builders have been attempting to catch up with demand in the face of labor shortfalls and other limiting factors in various parts of the country.” –MBA Vice President of Research and Economics Lynn Fisher.

“The pause in the upward momentum of the delinquency rate is a positive sign for investors.” –Manus Clancy, Senior Managing Director with Trepp, New York, on commercial mortgage-backed securities delinquency rates.

“One size fits all simply does not work when designing bank regulatory regimes.”–MBA Senior Vice President of Legislative and Political Affairs Bill Killmer, in a letter to House Financial Services Committee Chairman Jeb Hensarling, R-Texas, ahead of a committee vote on the Financial CHOICE Act of 2016.