Tim Mazzetti, CMB, leads SitusAMC’s Servicing & Asset Management division. He has more than 30 years of broad-based experience in the commercial real estate industry.
Category: News and Trends
California County Ends Controversial PACE Loan Program
Forget the coronavirus—if you want to raise the blood pressure of a mortgage lender or servicer, just say these two words: “PACE loan.”
Investors Prefer Debt Investment During COVID-19 Era
Real estate debt investment has become more attractive relative to equity investment during the COVID-19 pandemic, institutional investors said.
To the Point with Bob: FHFA’s Capital Rule and How it Fits into Housing Finance Reform
Mortgage Bankers Association President and CEO Robert Broeksmit, CMB, in his newest blog, discusses latest developments involving the Federal Housing Finance Agency and its re-proposed capital framework for Fannie Mae and Freddie Mac.
‘Zombie’ Property Stats Hold Steady Amid Foreclosure Moratorium
ATTOM Data Solutions, Irvine, Calif., said the percentage of “zombie” properties—vacant properties facing foreclosure—held steady in the second quarter as nationwide moratoria on foreclosures kept activity to a minimum.
MBA Vice Chair Kristy Fercho Testifies Before House Subcommittee on Industry’s COVID-19 Response
Mortgage Bankers Association Vice Chair Kristy Fercho testified Friday before a House subcommittee on the real estate finance industry’s response to the coronavirus pandemic, saying mortgage servicers adapted to changing customer needs quickly and asking Congress to give the industry additional flexibility to address evolving market conditions.
Analysts Downgrade Hotel Forecast Again
STR and Tourism Economics once again updated their hotel sector forecast. They now expect a 57.5 percent revenue per available room decline this year and a 48 percent RevPAR increase next year.
John Walsh: Tax Service – A New Era
For decades, tax service has gone unchanged. There are many efforts to change this dynamic; layering in new technology for servicers to engage with their tax vendor and improving transparency in a historically monochromatic space.
MBA Mortgage Action Alliance ‘Call to Action’ Urges Support of House Bill Supporting Access to Credit
The Mortgage Action Alliance, the grassroots advocacy arm of the Mortgage Bankers Association, issued a “Call to Action” urging its members to contact their House representative in support of legislation that would promote consumer access to credit during the coronavirus pandemic.
FHFA Re-Proposes Capital Rule to Move GSEs from Conservatorship
The Federal Housing Finance Agency last week issued a notice of proposed rulemaking that establishes a new regulatory capital framework for Fannie Mae and Freddie Mac. The proposed rule is a re-proposal of the notice of proposed rulemaking published in July 2018.