BOSTON--Greg Yeager, director of strategic initiatives with Simplifile, Provo, Utah, says lenders and servicers need only look at anecdotal evidence to see that consumers still consider the mortgage experience too burdensome.
Mortgage Firms Warned About HMDA Noncompliance
Mortgage Daily, Oct. 28, 2016
Dozens of mortgage bankers and mortgage brokers have been warned that they might not be in compliance with Home Mortgage Disclosure Act requirements.
Experts: PHH Court Ruling Bruises CFPB, Wells Fargo Scandal Ensures its Future
GoRion, Oct. 27, 2016--Wisniowski, Charles
Industry observers predict that a recent adverse D.C. appeals court ruling will leave a lasting mark on the Consumer Financial Protection Bureau.
MBA Announces New Directors, Governors and Committee Chairs
National Mortgage Professional, Oct. 27, 2016
The Mortgage Bankers Association announced its new Board of Directors, members of the Residential Board of Governors, members of the Commercial Real Estate/Multifamily Finance Board of Governors and Residential Committee Chairs 2017.
Feds Seek to Block Release of Fannie Mae and Freddie Mac Memos
Fortune, Oct. 27, 2016--Parloff, Roger
Invoking an emergency procedure, the Justice Department appealed a judge's order that would force the government to turn over documents that might shed light on why Fannie Mae and Freddie Mac were effectively nationalized in August 2012.
Pressure Building on FHA to Cut Premiums Again
National Mortgage News, Oct. 27, 2016--Collins, Brian
A financial report due out soon could reignite a battle over whether the Federal Housing Administration should again reduce its annual premium.
Ocwen Discloses Possible CFPB Action
Mortgage Daily, Oct. 27, 2016
Ocwen Financial Corp. revealed it is working with the Consumer Financial Protection Bureau to avoid actions that could have a material impact on the company.
Barclays Is Trying to Cap U.S. Mortgage Penalty at $2 Billion
Bloomberg, Oct. 27, 2016--Ring, Suzi; Morris, Stephen; Farrell, Greg
Barclays Plc is trying to draw a line at $2 billion in penalties to settle a U.S. investigation into its sale of mortgage securities after it received an opening offer that it considered too high.
Tepid Demand for Ginnie Servicing Rights: How Big a Problem Is It?
National Mortgage News, Oct. 27, 2016--Sinnock, Bonnie
A market that some Ginnie Mae issuers tap to help finance their mortgage operations has a dwindling number of investors.
Why Credit Scores Are Improving for Previously Foreclosed Borrowers
National Mortgage News, Oct. 27, 2016--Passy, Jacob
Millions of consumers' credit reports will no longer reflect past mortgage problems, which could open up borrowing opportunities for many of them.
Mortgage Rates Pull Back Ahead of Federal Reserve Meeting
Washington Post, Oct. 27, 2016--Orton, Kathy
After two weeks of spikes, mortgage rates retreated this week, falling back to where they had hovered most of the summer.
Homeownership Rate Continues to Hover Near 50-Year Low
HousingWire, Oct. 27, 2016--Ramirez, Kelsey
Industry awaits spike in Millennial homeownership.
Mortgage Rates Down But Poised to Jump
Mortgage Daily, Oct. 27, 2016--Garcia, Sam
Interest rates on residential loans improved nicely over the past week. But recent market activity suggests fixed rates could be higher in the next report.
Mixed Restaurant Sales Hint at Tough Environment Ahead
National Real Estate Investor, Oct. 27, 2016--Mitchell, Donna
Decent chain restaurant performance figures potentially reassure retail landlords that restaurant tenants still generate foot traffic and sales. But the more important same-store sales metrics can tell a different story.
Yes, the Economy is Finally Ready for Another Interest Rate Hike
HousingWire, Oct. 27, 2016--Ramirez, Kelsey Should the Fed raise the funds rate in December? The answer is simple: yes.
U.S. Durable Goods Orders Declined in September
Wall Street Journal, Oct. 27, 2016--Sussman, Anna Louie
U.S. manufacturing appears to have found firmer ground as it closed out quarter.
Beyond the Headlines--Using IT Substitution Across Functions
Mid-tier and community institutions are being presented an unprecedented opportunity to carve out profitable, leadership products and services using three intersecting trends--data & analytics, cloud delivery and hyper-connectivity.
News from Fannie Mae; LoanBeam; Equifax; Simplifile; MetaSource; ComplianceEase; Roostify; STRATMOR; ClosingCorp; Alterra
ULI: CRE Industry Reducing Energy Consumption, Carbon Emissions and Water Usage
Buildings Responsible for Nearly One-Third of Carbon Emissions
Dealmaker: HFF Arranges $77M for Retail, Office Properties
One Refinance, One Post-Close Acquisition Loan
MBA Accounting & Financial Management Conference in San Diego Nov. 15-17
Residential and Commercial/Multifamily Tracks Available
Applications for MBA Education Residential Future Leaders Program Now Open
Application Deadline Jan. 13
MBA Education Residential Underwriting Basics Webinar Series Begins Oct. 31
Four-Part Series Looks at Eligibility, Income, Credit & Assets, Collateral
MBA Education Multifamily Property Inspection Workshop in Dallas Nov. 2-3
Learn Best Practices to Meet Fannie Mae/Freddie Mac Requirements