Last week, the Senate voted 67-32 to consider S. 2155, the Economic Growth, Regulatory Relief and Consumer Protection Act. the bipartisan financial services regulatory relief package, with debate on a substitute amendment to the bill spilling over into this week.
MBA Chart of the Week: Benefits of a Digital Mortgage
Today's Chart of the Week features results on what lender CIOs perceive as the biggest benefit of offering a digital mortgage--defined as a loan where all documents, including the note, are electronic and all or most of the loan processing and consumer interaction occurs online.
MBANow: MBA Opens Doors Foundation President Deborah Dubois
The Mortgage Bankers Association released a new MBANow video featuring newly appointed President of the MBA Opens Doors Foundation, Deborah Dubois, who discusses her plans to grow the Foundation in the coming years.
The Week Ahead
The Senate continues consideration this week of a bipartisan regulatory relief bill that includes a number of Mortgage Bankers Association-supported provisions.
JLL: Grocery Retailers Slow Expansions, Speed Up Technology Investment
Grocery-anchored retail centers remain attractive to investors, JLL reported. Investment into grocery-anchored centers increased more than 5 percent last year.
Dealmaker: M&T Realty Capital Provides $156M
M&T Realty Capital Corp., Baltimore, provided $155.8 million for multifamily and mixed-use properties in California, Texas, Washington and New York.
MBA State & Local Workshop Apr. 23-24
The Mortgage Bankers Association's annual State & Local Workshop takes place Apr. 23-24 at the Capital Hilton in Washington, D.C., in conjunction with the MBA National Advocacy Conference (Apr. 24-25).
MBA Member Advantage Partner FedEx Small Business Grant Contest
FedEx, a member of the Mortgage Bankers Association's Member Advantage Program, holds its annual Small Business Grant Contest for up to $25,000 in cash and business services. Entry deadline is Wednesday, Mar. 28.
MISMO Seeks Nominations for Residential Standards Governance Committee; Deadline Mar. 21
MISMO seeks nominations for qualified industry professionals to serve the remaining term in vacated Servicing Technology and Service Provider seats on it Ressidential Standards Governance Committee.
MBA Education Closing With Confidence Webinar Series Begins Apr. 11
MBA Education presents a three-part webinar series, Closing with Confidence, beginning Wednesday, Apr. 11 and continuing on Apr. 18 and 25 from 2:00-3:30 p.m. ET.
3 Reasons to Be Optimistic about the Future of Non-QM Loans
HousingWire, Mar, 9, 2018--Tom Millon
Lloyd Blankfein Prepares to Exit Goldman Sachs as Soon as Year's End
Wall Street Journal, Mar. 9, 2018--Liz Hoffman, Joann S. Lublin (subscription)
Nonbank Mortgage Firms Slash Jobs as Rates, Home Prices Skyrocket
National Mortgage News, Mar. 9, 2018--Brian Collins (subscription)
U.S. Economy Creates 313,000 Jobs in February; Wage Growth Slows
Reuters, Mar. 9, 2018--Lucia Mutikani
Here's What Faster Inflation and Rising Mortgage Rates Mean for Housing
Business Insider, Mar. 11, 2018--Mark Fleming
Feds Make It Easier to Obtain Assistance
UExpress, Mar. 9, 2018--Lew Sichelman
Farmer Mac Makes New Business Gains, Sees Spike in Delinquencies
National Mortgage News, Mar. 9, 2018--Elina Tarkazikis (subscription)
Texas Mortgage Servicing Layoffs at Wells Fargo
Mortgage Daily, Mar. 9, 2018
Claire's Bankruptcy Would Accompany a Shift Away From Malls
Bloomberg, Mar. 9, 2018--Lauren Coleman-Lochner, Eliza Ronalds-Hannon