The Commercial Mortgage Securities Association and the Mortgage Bankers Association have announced the release of the Borrower Guide to CMBS, which they said is aimed at increasing borrowers' understanding of commercial mortgage-backed securities.The guide provides a summary of the parties involved in the CMBS process, as well as issues that may arise when a loan is securitized. "Unlike traditional bank or balance sheet lenders, financing through conduit loans often entails complex structural issues that may not be terribly apparent to the borrower on the front end," said Jack Cohen, chair of the CMSA Borrower Satisfaction Task Force and chief executive officer of Cohen Financial. The Borrower Guide to CMBS is available on the two organizations' websites, at http://www.cmbs.org and http://www.mortgagebankers.org.
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But the 30-year fixed rate mortgage is still near 7%, and that remains the overhang on the housing market, Freddie Mac said.
5m ago -
Mortgage payments rose 10% year-over-year to an all-time high for March, Redfin said.
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In an interview, Candor Technology's Sara Knochel recounts how she applies her childhood interest in languages and numbers to crucial home lending issues.
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Harmonizing standards for liquidity coverage ratios and discount window pledges could prevent the type of strains that led to last year's bank failures, according to a new paper whose authors include former Federal Reserve Govs. Dan Tarullo and Jeremy Stein.
March 27 -
The report seeks to help banks "disrupt rapidly evolving AI-driven fraud," according to Treasury's Nellie Liang. The report found banks have difficulties accounting for AI risks.
March 27 -
The lender accused its former leader of compromising its Fannie Mae seller/servicer number to prevent it from delivering loans.
March 27