“MBA’s investment will provide seed funding to accelerate the development of initiatives.” –MBA Chairman Chris George, on MBA’s $2 million investment in MISMO.
Servicing Newslinks Archive
Servicing Newslink Tuesday 3-19-19
“Last year recorded the largest annual increase in commercial and multifamily mortgage debt outstanding since the Great Recession, and the largest increase in multifamily mortgage debt on record. Growth in multifamily mortgage debt made up almost half the total increase in debt outstanding, and Fannie Mae, Freddie Mac and FHA collectively accounted for two-thirds of the multifamily growth. The GSEs, life insurance companies, the CMBS market and banks all increased their holdings of commercial and multifamily mortgage debt during the year.”–MBA Vice President of Research & Economics Jamie Woodwell.
Servicing Newslink Tuesday 3-12-19
“The Consumer Financial Protection Bureau has shown an admirable willingness to listen to stakeholder concerns about how it can improve both its own practices and the regulations it is tasked with enforcing. The recommendations laid out in this Roadmap will further strengthen CFPB’s policies and ensure that all consumers are treated fairly and equally and have access to the quality sustainable products they deserve.”–MBA President and CEO Bob Broeksmit, CMB.
Servicing Newslink Tuesday 3-5-19
“A well-functioning housing finance system should provide consistent, affordable credit to borrowers across the nation and through all parts of the credit cycle without putting taxpayers at risk of a bailout.”–from an MBA-led coalition in a letter to acting Federal Housing Finance Agency Director Joseph Otting on the need for comprehensive secondary mortgage market reform.
Servicing Newslink Tuesday 2-26-19
“Alignment of servicing standards across loans, investors and guarantors is desperately needed. It’s creating confusion for you and your customers, and increasing your costs.”–MBA President and CEO Bob Broeksmit, CMB.
Servicing Newslink Tuesday 2-19-19
“With the unemployment rate near 50-year lows, wage growth trending higher and household debt levels relative to disposable incomes at 35-year lows, homeowners are in great shape, and mortgage performance is quite strong.” –Marina Walsh, MBA Vice President of Industry Analysis.
Servicing Newslink Tuesday 2-12-19
“The upcoming roll of commercial and multifamily mortgage maturities is relatively stable, after seven years of instability. Many commercial and multifamily mortgages have 10-year terms, and a decade ago, the Great Recession meant fewer new loans were being made. As a result, 2018 and 2019 loan maturity volumes have been smaller than would otherwise be the case. However, a sizable share of shorter term loans financed in the last few years have made up the difference.”–MBA Vice President for Commercial Real Estate Research Jamie Woodwell.
Servicing Newslink Tuesday 2-5-19
“MBA welcomes the release of Chairman [Mike] Crapo’s principles for housing finance reform as a significant sign of his continued commitment to work toward finally ending the conservatorships of Fannie Mae and Freddie Mac and ensuring a stable and liquid market–with an explicit, paid-for government guarantee–for both single-family and multifamily mortgages. MBA looks forward to continuing to engage on a bipartisan basis with congressional leaders, the administration and other key stakeholders on reform efforts to create a system that supports borrowers, serves lenders of all sizes and business models and protects taxpayers.”–MBA President and CEO Robert Broeksmit, CMB.
Servicing Newslink Tuesday 1-29-19
“Our ongoing efforts on LIBOR transition involve active engagement with interested members, including commercial real estate finance firms and other market participants. Although the expected LIBOR transition is still a few years away, it’s important that market participants begin considering the items presented in the primer. We are grateful to the members on MBA’s Commercial/Multifamily LIBOR Outreach Committee as the industry prepares for what’s next.”–Thomas Kim, MBA Senior Vice President of Commercial Real Estate Finance, on an MBA Primer on changes to LIBOR.
Servicing Newslink Tuesday 1-15-19
“We are proud to have achieved these positive results for consumers, and we will continue to advocate for sensible steps to keep home financing broadly available to all qualified Americans.”–MBA President and CEO Robert Broeksmit, CMB.