The Mortgage Bankers Association urged the Consumer Financial Protection Bureau to withdraw a controversial proposal requiring covered nonbank financial institutions to register with and report to the Bureau when they become subject to certain public local, state, or federal consumer financial protection agency or court orders.
Category: News and Trends
CFPB Releases Final Rule on Small Business Loan Reporting
The Consumer Financial Protection Bureau on Thursday issued a final rule that would require some lenders to collect and report information about small business credit applications they receive, including geographic/demographic data, lending decisions and the price of credit.
MISMO Seeks Comment on Servicing Transfer Catalog
MISMO®, the real estate finance industry standards organization, seeks public comment on its new MISMO Servicing Transfer Catalog.
MBA, Coalition Support Bill Repealing Estate Tax
The Mortgage Bankers Association joined more than 100 industry groups in a letter to Sen. John Thune, R-S.D., expressing support for his re-introducing a bill that would repeal the estate tax.
National Council of State Housing Finance Agencies Announces Affordable Homeownership Lender Toolkit
The National Council of State Housing Finance Agencies, with support from the Mortgage Bankers Association and other industry trade groups, announced availability of the HFA1 Affordable Homeownership Lender Toolkit, a new online resource that will enable home mortgage lenders to partner more efficiently with state housing finance agencies in providing mortgage loans and down payment assistance to lower-income home buyers.
CoreLogic: Mortgage Delinquencies Fall for 22nd Straight Month
CoreLogic, Irvine, Calif., said 2.8% of all mortgages in the U.S. were in some stage of delinquency, down by 0.5 percentage point from 3.3% in January 2022 and by 0.2 percentage point from December.
Quote: Tuesday Apr. 4, 2023
“Commercial real estate markets are already facing headwinds from financial market volatility, economic uncertainty, and higher interest rates. Preparing for new compliance obligations only adds to these challenges and will likely raise costs for borrowers.”
–MBA President & CEO Robert Broeksmit, CMB.
MBA Commercial/Multifamily Finance Servicing and; Technology Conference in Chicago May 9-12
The Mortgage Bankers Association’s annual Commercial/Multifamily Servicing and Technology Conference takes place May 9-12 at the Sheraton Grand Chicago Riverwalk. CMST brings together the biggest names and brightest minds to …
MBA Secondary and Capital Markets Conference in NYC May 21-24
The Mortgage Bankers Association’s Secondary & Capital Markets Conference returns to the New York Marriott Marquis May 21-24.
MBA Letter Addresses Risks to Proposed SEC Rule on Securitizations
The Mortgage Bankers Association, in a Mar. 27 letter to the Securities and Exchange Commission, said a proposed rule to curb certain material conflicts of interest in securitizations is flawed and would present risks to that market.