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CMBS Issuance Expected to Decrease Further in 2023

January 5, 2023
Sam Manas
Kroll Bond Rating Agency expects single-borrower/large loan volume to decrease, while Moody’s said interest rates, lower prepayment rates, fewer property acquisitions and limited loan maturities will weigh on issuance.
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Congress Closes Out 2022 With New FHA Funding; VA Appraisals

January 5, 2023
Brandon Ivey
In the lame duck session, Congress managed to pass a spending bill with funding for FHA IT modernization. A separate bill updating standards for VA appraisals also made it to President Biden’s desk.
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How UWM’s Ishbia Parlayed His Stake Into the Suns

January 5, 2023
Paul Muolo
UWM chief Mat Ishbia is about to become the owner of an NBA team. Does he have enough money to make the grade? It certainly looks that way.
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Mortgage-Related Activity in Congress Expected to Be Limited

January 5, 2023
Brandon Ivey
Divided leadership in Congress means bipartisanship will be required to get bills to President Biden’s desk. Not many mortgage-related bills are expected to make it that far in the next two years.
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RoundPoint Settles Servicing Allegations in Bay State

January 5, 2023
Sam Manas
The mortgage servicer reached a relatively modest settlement with the Massachusetts Attorney General’s Office to resolve alleged violations of mortgage servicing and debt collection regulations.
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Tennessee Lender Sued for Poaching From Competitor

January 5, 2023
Dennis Hollier
PrimeLending claims First Community Mortgage encouraged employees to bring trade secrets with them when they shifted companies.
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Lenders Strategize to Get Through a Tough 1H23

January 5, 2023
Paul Muolo
A new year has commenced, with originators of all sizes trying to figure out the best way to stay afloat until rates fall markedly and conditions improve. The biggest challenge, perhaps: cash burn.
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Grapevine: The Market for Reverse MSRs? / Understanding Nonbanks  

January 5, 2023
Paul Muolo
Prices have come back down to earth for mortgage servicing rights, especially for Ginnie product. But what about reverse FHA-backed MSRs? Sometime this quarter GNMA will find out as it moves to resolve its legal rights regarding RMF.
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A Busy Year for Mortgage Legislation? Not Likely

January 5, 2023
Brandon Ivey
MBA's Killmer believes the lower chamber will be reactive, rather than proactive, on housing issues...
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First Woman to Head MBA Dies at 68

January 3, 2023
Monica Hogan
Lowrie worked in the mortgage finance industry for roughly 40 years, most recently as president and CEO of Dytrix...
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