The Mortgage Bankers Association has completed the purchase of its newly constructed 10-story office building in downtown Washington and is preparing to move into the new headquarters. "With construction virtually complete and financing in place, we are ready to transition our staff into a modern, state-of-the-art facility," said MBA president and chief executive Jonathan Kempner. The 160,000-square-foot building, located at 1331 L St. NW, is believed to cost $100 million. The MBA paid a premium for the developer to make it a "green" building with the highest environmental certification. The MBA said it plans to occupy four floors and rent the remaining space to tenants. "There are currently a number of inquiries being considered for office and retail space," the association said. The MBA can be found online at http://www.mortgagebankers.org.
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Some members of the Senate, where the GOP majority is thinner, also are asking the Federal Housing Finance Agency to reveal more about planned mortgage reforms.
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The housing regulator has been mum on details about its reshuffling, but Secretary Scott Turner has emphasized mission-critical functions would persist.
April 2 -
Regulators should approve the deal because post-merger, the servicing market remains fragmented and the mortgage origination business is even more dispersed.
April 2 -
Publicly traded lenders, including UWM, Rocket Mortgage and Guild Mortgage, saw personnel expenses increase significantly throughout last year.
April 2 -
A three-judge panel will hear an appeal by the Trump administration of a preliminary injunction that has blocked the government from dissolving the Consumer Financial Protection Bureau.
April 2 -
The measure applies to mortgages closed in the months prior to the Southern California wildfires, which are now experiencing early-stage distress.
April 2