Quote

“Without proper calibration of these requirements, unintended consequences likely would include more institutions selling loans only through the cash window rather than an MBS execution, shifts in volume away from the Enterprises or Ginnie Mae for reasons that are not determined by market conditions and potential consolidation in the industry, resulting in fewer choices and higher costs for borrowers. Proper calibration of these requirements, on the other hand, will promote resiliency in the market and broad, sustainable access to credit for consumers.”
–From an MBA letter to the Federal Housing Finance Agency on its re-proposal of servicer eligibility requirements for loans backed by Fannie Mae and Freddie Mac.

#MBATech2022: ‘The Digital Future Is Drawing Closer’

LAS VEGAS—A byproduct of the coronavirus pandemic: the real estate finance industry adopted innovative technology solutions with extraordinary speed. Now, said Mortgage Bankers Association Chair-Elect Matt Rocco, the industry must take the next step.

FHFA Issues 2022-2026 Strategic Plan

The Federal Housing Finance Agency, Washington, D.C., released its 2022-2026 Strategic Plan last Thursday.

#MBATech2022: How Trends Intersect in a Changing Industry

LAS VEGAS—Real estate finance has migrated quickly from a person-to-person business to a person-to-tech-device-to-person business. And socio-economic forces are rapidly steering technology to reshape business—even as business continues to fine-tune technology.

#MBATech2022: Where We Are on the Digital Journey

LAS VEGAS—We have been hearing about digitalization of mortgages for years. What has been successful, and what has fallen short? Are lenders’ real-world results living up to the hype?