The Mortgage Bankers Association forecasts commercial and multifamily mortgage bankers will close a record $652 billion of loans backed by income-producing properties this year, 14 percent higher than last year's record volume ($574 billion).
Fannie Mae: Declining Mortgage Rates Propel Nation's Home Buying Outlook to New High
HousingWire, Sept. 9, 2019--Alcynna Lloyd
Fannie, Freddie Getting Closer to Retaining Their Earnings
Wall Street Journal, Sept. 9, 2019--Kate Davidson (subscription)
Enforcement Actions are Still a Tool in CFPB Arsenal, Kraninger Says
American Banker, Sept. 9, 2019--Hannah Lang (subscription)
FTC to Block Fidelity's Acquisition of Stewart on Competitive Grounds
National Mortgage News, Sept. 9, 2019--Brad Finkelstein (subscription)
Beyond "Best Efforts": Why Commercial Real Estate Needs to Catch Up on Diversity
Urban Land magazine, Sept. 9, 2019--Kirk Sikes, Evan Mitchell, Sommer Heyman
MISMO Releases Final Remote Online Notarization Standards
MISMO®, the mortgage industry standards organization, released its finalized Remote Online Notarization standards. The RON standards allow the use of audio-visual communication devices to notarize documents in a virtual online environment.
Black Knight: Servicer Retention Rates Improve Significantly Among Rate-Driven Refinance Transactions
Black Knight, Jacksonville, Fla., said falling interest rates and easy access to refinance candidates pushed retention rates up in second quarter, with servicers retaining 24% of refinancing borrowers, the highest such retention rate since late 2017.
Wells Fargo, PNC/Midland Lead MBA 2019 Mid-Year Commercial/Multifamily Servicer Rankings
The Mortgage Bankers Association released its mid-year rankings of commercial and multifamily mortgage servicers' volumes as of June 30, showing Wells Fargo Bank NA, PNC Real Estate/Midland Loan Services, KeyBank NA, Berkadia Commercial Mortgage LLC and CBRE Loan Services with highest volumes.
Dealmaker: Cushman & Wakefield Closes Two Sales Totaling $117M
Cushman & Wakefield, Chicago, negotiated property sales in California and Florida totaling $117 million.
MBA Annual19 Comes to Austin, Texas Oct. 27-30
The Mortgage Bankers Association's Annual Convention & Expo takes place Oct. 27-30 at the Austin Convention Center in Austin, Texas.
MBA Education Advanced Risk Management Concepts Workshop in Chicago Sept. 15
MBA Education presents a special edition of its Advanced Risk Management Concepts Workshop on Sunday, Sept. 15 in conjunction with the MBA Risk Management, Quality Assurance and Fraud Prevention Forum in Chicago.
Make Your Voice Heard through MBA Mortgage Action Alliance
The Mortgage Action Alliance is a voluntary, non-partisan and free nationwide grassroots lobbying network of real estate finance industry professionals, affiliated with the Mortgage Bankers Association.