As property sale transactions and originations stall, MBA NewsLink interviewed two special servicing executives and a CMBS researcher to get their insights on the commercial real estate finance landscape and outlook.
Category: News and Trends
MBA Launches Upgraded CONVERGENCE Site
The Mortgage Bankers Association announced a revamped version of the CONVERGENCE section of its website, aiming to benefit its members and a broader audience.
Quote: Tuesday, June 6, 2023
“Delinquency rates increased for every major capital source during the first quarter, foreshadowing additional strains that are likely to work their way through the [commercial real estate] system.”
–MBA Head of Commercial Real Estate Research Jamie Woodwell
MBASecondary23: As Fed, Banks Step Away from MBS, New Investors Prepare to Play
NEW YORK–The supply of available mortgage-backed securities for purchase in the private market is expected to increase drastically over the next two years.
MBASecondary23: Solving the Affordability Puzzle
NEW YORK–Affordability is among the top challenges for the housing market. Having strong counterparty relationships and sustainable products helps lenders to better serve the market and maintain liquidity.
MBASecondary23: A Look Ahead at Government Lending
NEW YORK–Leaders of FHA, the Federal Housing Finance Agency and Ginnie Mae shared recent developments and their outlook for future policies and activities here at the Mortgage Bankers Association’s National Secondary Market Conference & Expo.
MBASecondary23: How the FHLBs are Evolving in a Changing Market
NEW YORK–Not everyone can become a member of the Federal Home Loan Bank System—just ask most independent mortgage banks.
MISMO Calls for Participants to Join a New Title Pricing API Workgroup
MISMO®, the real estate finance industry’s standards organization, is calling for industry professionals to join a new development workgroup (DWG) focused on creating a MISMO-published Title Pricing Application Programming Interface (API) specification.
Seth Sprague, CMB, of Richey May: Now’s the Time to Prepare for FHFA/Ginnie Mae Rules Changes for Non-Bank Servicers
On August 17, 2022, the Federal Housing Finance Agency and Ginnie Mae jointly announced updated minimum financial eligibility and capital rules for seller/servicers and issuers. These changes update the capital and financial eligibility requirements for non-bank servicers that have been modified over the past year.
Quote: Tuesday, May 30, 2023
“Economic conditions are still hitting at the most critical moments in the homeownership process: the down payment, the monthly payment and the first five years of homeownership, when capital assets are at their most critical.” –David Battany, Executive Vice President of Capital Markets with Guild Mortgage Co., San Diego.