The Mortgage Bankers Association has announced the leadership of its 2006 Commercial Real Estate/Multifamily Finance Board of Governors, which focuses on commercial/multifamily real estate finance policy issues and initiatives.The COMBOG officers are: Kieran Quinn, president and chief executive officer of Atlanta-based Column Financial, chair; Ed Hurley, managing director of Charlotte, N.C.-based Wachovia Securities, vice chair; and Ed Padilla, CEO of Minnesota-based NorthMarq Capital Inc., vice chair. The MBA also announced the nomination of Mr. Quinn as its vice chair-elect. He will be elected by MBA members at the association's annual convention in October. The MBA can be found online at http://www.mortgagebankers.org.
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The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
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In a Senate hearing, Director Sandra Thompson said a raise to the required income threshold provided to affordable housing was on the table, while housing regulators also faced questions related to property insurance hikes and title insurance waivers.
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The nonpayment rate for non-qualified mortgages is up 21 basis points from February and 134 basis points from March 2023, Morningstar DBRS said.
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The government mortgage-bond guarantor will require additional information on foreclosure prevention actions, and retire some forbearance reporting.
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But views are split, at least in the near-term on whether rising mortgage rates are holding back the Spring home purchase season.
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The top five producers had an average dollar volume of FHA loans of more than $50 million in 2023.
April 18