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Friday, June 22, 2018
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TRID FAQs: How to Deal with Most Common Concerns about Upcoming Regulatory Update

The Consumer Financial Protection Bureau continues to publish additional amendments and clarifications in an attempt to address much of the industry's confusion about unique situations requiring disclosures. The main issue the industry struggles with is that the ruling, despite its staggering length, cannot possibly address all of the different scenarios that lenders continue to encounter.

June 22, 2018

June 18, 2018
By Bob Mansur
Are You Prepared for LO Training Success?

A solid brand, a network of branches and a strong ambition to grow loan production: a lot of factors seem aligned for your firm to have long-term success. But you also foresee potential obstacles, and one that has really caught your attention lately is your sales force. They're not getting any younger, and you're starting to wonder where you'll find new blood to meet those growth ambitions.

Topics:
Bob Mansur
Gateway Mortgage
Loan Originator Training
June 18, 2018
By Eric Thompson, Larry Kay
CMBS: Defeasance May Still Be a Good Play

As commercial real estate prices and interest rates go, so goes defeasance--paying a commercial mortgage-backed securities loan off early by substituting government-backed securities such as Treasury notes for the loan's real estate collateral.

Topics:
Commercial Mortgage-Backed Securities
Defeasance
Interest Rates
June 18, 2018
By Tom LaMalfa
MBA Secondary Market Conference Survey Scorecard

This is the 20th time since 2008 that this survey of senior mortgage banking executives has been conducted and distributed. It is completed twice annually, at the MBA Annual Convention in October and at the MBA National Secondary Market Conference each May. The survey's attention is focused on eight topics: production, costs & profits, mortgage servicing rights, Fannie Mae & Freddie Mac, technology, regulations and risk.

Topics:
Tom LaMalfa
MBA National Secondary Market Conference Survey
June 18, 2018
By MBA Insights Staff
Video

The Mortgage Bankers Association's latest Washington Update features MBA Associate Vice President of Legislative and Political Affairs Erin Barry, who discusses recent activity on Capitol Hill and at the Federal Housing Finance Agency.

Topics:
MBA Washington Update
Erin Barry
June 18, 2018
By MBA Insights Staff
Slideshow
Slideshow: MBA Mortgage Bankers Performance Report

Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net loss of $118 on each loan they originated in the first quarter, down from a reported gain of $237 per loan in the fourth quarter of 2017, the Mortgage Bankers Association reported.

Topics:
Independent Mortgage Banks
Mortgage Bankers Performance Report
MBA
June 21, 2018
By MBA Insights Staff
Video

Mortgage Bankers Association Associate Vice President Joel Kan breaks down the MBA Weekly Applications Survey for the week ending June 15.

Topics:
MBA Weekly Applications Survey
June 19, 2018
By MBA Insights Staff
MBA Announces Path to Diversity Scholarship Winners

The Mortgage Bankers Association announced 86 individual employees from 35 different MBA member companies have been awarded the Path to Diversity scholarship in the first seven months of the fiscal year.

Topics:
People
MBA Path to Diversity Program
June 14, 2018
By MBA Insights Staff
Video

In this new video, MBA Chief Operating Officer and mPower Founder Marcia M. Davies talks with Susan T. Stewart, CEO of SWBC Mortgage, San Antonio, Texas, who was nominated this week to serve as MBA Vice Chair for the 2019 fiscal year.

Topics:
mPower Moments
Marcia Davies
Susan T. Stewart
June 12, 2018
By MBA Insights Staff
Conversation with Denis Brosnan of DIMONT: Reducing Costs for Mortgage Servicers

MBA Insights recently spoke with Denis Brosnan, President and CEO with DIMONT, Dallas. Brosnan joined DIMONT in 2015; previously he practiced law, ran a consulting firm and was head of Promise Solutions, an outsourcing firm.

Topics:
Denis Brosnan
DIMONT
Mortgage Servicing
June 12, 2018
By Jeb Bonnett
Mandatory Use of HUD's CNA E-Tool Is Here: Now What?

HUD mandates use of its Capital Needs Assessment e-Tool for FHA multifamily mortgage insurance applications, Rental Assistance Demonstration conversions, 10-year capital needs assessment update for FHA-insured multifamily properties and other asset management milestones. But many lenders, investors and consultants have expressed concern regarding technical inefficiencies with the e-Tool itself, as well as operational hurdles it creates.

Topics:
Capital Needs Assessment
HUD e-Tool
Jeb Bonnett
June 12, 2018
By MBA Insights Staff
Q/A with Joe Melendez of ValueInsured

Joe Melendez is co-founder and CEO of ValueInsured, Dallas, a provider of down payment protection services. H has more than 30 years of industry experience. His background includes work in investment banking, real estate development and insurance. Prior to forming ValueInsured, Joe spent a decade developing residential properties.

Topics:
Joe Melendez
ValueInsured
Down Payment Protection
June 12, 2018
By MBA Insights Staff
People in the News

The Mortgage Bankers Association announced Robert Broeksmit, CMB, who previously served the association in several volunteer leadership capacities, will become its next President and CEO. He will succeed David H. Stevens, CMB, who announced his impending retirement this past October. Broeksmit will assume duties Aug. 20.

Topics:
People
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