SAFE Act Training — October 11

Name: SAFE Act Training -- October 11
Start: 2023-10-11T07:30:00-07:00
End: 2023-10-11T16:30:00-07:00
Location: Orange Tree Golf Resort

SAFE Act Training
10/11/2023
7:30 am - 4:30 pm

This 8 hour continuing education class, required by NMLS for loan originators, includes the 1 hour of Arizona Law.

The instructor will be Mary Kay Scully, National Trainer for Enact.

Price includes morning coffee sponsored by Norris Property Consultants/AppraisalMark, a hot buffet lunch, training materials and uploading fees to NMLS.

Registration starts at 7:30am — the class starts promptly at 8:00am.

Details	Price	Qty
AMLA Members	$149.00 (USD)	Quantity
Non Members	$179.00 (USD)	Quantity

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Venue: Orange Tree Golf Resort

Address:

10601 N 56th Street, Scottsdale, Arizona, 85254

Capital Commentary
- by Kirk Willison
kwillison@archmi.com
www.archmi.com
Direct 202-714-8606

If scorching summer temperatures weren’t bad enough, the housing finance industry is hot under the collar due to new bank capital requirements, found in the so-called Basel 3 Endgame, for home loans held in portfolio.

In this issue, Capital Commentary does a deep dive into the potential ramifications of the new capital proposal and bids adieu to a giant in the mortgage industry.

Why should you care?

• Pete Mills, Senior Vice President, Residential Policy & Member Engagement of the Mortgage Bankers Association, offers a primer here.

1-Big Thing: Will Banks Lockdown Mortgage Lending?

Housing experts are fearful that large banks will significantly pull back on home lending due to proposed new capital requirements for residential mortgages.

• U.S. bank regulators - the Federal Reserve, FDIC and OCC - released their Basel III Endgame proposal in late July, establishing leverage ratios and higher capital-reserve targets for the 30 largest commercial banks (those over $100 billion in assets).

Why it matters: The proposed levels - in some situations twice as high as existing requirements and well above requirements for banks overseas - will make it more expensive for banks to hold mortgages.

• Lower-income and minority home-loan seekers would bear the brunt if banks determine their capital is better used for other types of lending rather than home mortgages.

By the numbers: The proposal adds 20 percentage points to each of the corresponding Basel III risk weights agreed to by international bank regulators.

Keep reading