LOS ANGELES--In the aftermath of the financial crisis and facing new regulatory requirements, mortgage lenders tightened underwriting standards. The results were seismic.
Drop in Refinancing Pushes Mortgage Applications Lower by 0.7%
CNBC, Sept. 28, 2016--Olick, Diana
"Refinance volume dipped for the week, but purchase application volume continues to show 2016 as a strong year," said Mortgage Bankers Association Chief Economist Michael Fratantoni.
Freddie Mac Launches New Front-End Risk Transfer Offering
National Mortgage Professional, Sept. 28, 2016
"Mortgage insurance offers a well-developed, scalable solution that would benefit consumers and is something that all lenders could use today," said Mortgage Bankers Association President and CEO David Stevens, CMB.
Best Month for Freddie's New Biz in Over 3 Years
Mortgage Daily, Sept. 28, 2016
August secondary activity totaled $45.9 billion.
New York Announces New Requirements for Maintenance of Zombie Homes
Housing Wire, Sept. 28, 2016--Lane, Ben
New regulation will hold lenders and mortgage servicers "accountable."
Credit Suisse, Barclays Said to Be in Mortgage-Settlement Talks
Bloomberg, Sept. 28, 2016--McLaughlin, David; Schoenberg, Tom
Deutsche Bank AG isn't the only lender wrestling with the U.S. to resolve an investigation into toxic mortgage bonds: Credit Suisse Group AG and Barclays Plc are also each in settlement talks with the Justice Department.
Ditech Settles Charges of Borrower Harassment
Mortgage Daily, Sept. 28, 2016
Walter Investment Management Corp.'s mortgage banking subsidiary has agreed to settle charges that it harassed delinquent Massachusetts borrowers for four years.
Justice Dept. to Banks: Cooperate in Civil Investigations--Or Else
National Mortgage News, Sept. 28, 2016--Berry, Kate
Banks now expected to "materially assist" the agency in providing documents, access to witnesses and even inculpatory documentary evidence such as emails and text messages.
Don't Look Now, But Banks Are Offering Mortgages Again
MarketWatch, Sept. 28, 2016--Riquer, Andrea
Urban Institute data show banks are making more mortgage loans.
The Fatal Price Tag of Not Investing in Digital Innovations for Millennials
HousingWire, Sept 28, 2016--Swanson, Brena
If banks choose not to invest, they risk losing the next generationof consumers.
European Banks and the Great Mortgage Settlement Game
Wall Street Journal, Sept. 28, 2016--Davies, Paul
Credit Suisse has the least wiggle room and will be watching outcome of Deutsche Bank's mortgage case closely.
Fewer Students Are Defaulting On Loans After Leaving College
Wall Street Journal, Sept. 28, 2016--Mitchell, Josh
But figure remains high despite solid labor market.
Wave of Mortgage LOS Integrations
Mortgage Daily, Sept. 28, 2016--Garcia, Sam
Integrations promise to make access to products easier.
Crowdfunded REITs Gain Momentum
National Real Estate Investor, Sept. 28, 2016--Mattson-Teig, Beth
Crowdfunding firms are stepping into the REIT space to make a bigger play for commercial real estate investor capital.
California's Housing Shortage Will Hamper the Economy, Reports Say
Los Angeles Times, Sept. 28, 2016--Kitroeff, Natalie
California's lackof housing will slow the state's economic growth, two new studies say.
U.S. Core Capital Goods Orders Rise for Third Straight Month
Reuters, Sept. 28, 2016--Mutikani, Lucia
'Positive signal' for business investment outlook.
MBA Diversity & Inclusion Interview: Deborah Garcia-Gratacos of DEVAL
'Hispanic Housesholds Are Future of Industry'
TRID Is Dead, Long Live TRID, and Other Contradictions Heard at the MBA Regulatory Compliance Conference
And HMDA Looms on Horizon
ATTOM: 24% of County Housing Markets Less Affordable than Norms
Improving Affordability Trend Reverses in 3Q
FHFA: Fannie Mae, Freddie Mac Seriously Delinquent Rate Lowest Since 2008
3.7 Million GSE Foreclosure Prevention Actions Since 2008
Dealmaker: Douglas Emmett Pays $140M For Santa Monica Office Building
Joint Venture With Institutional Investors Including Qatar Investment Authority
CREF Returns to San Diego Feb. 19-22
Four Days of Networking, Relationship-Building, Dealmaking
Mortgage Action Alliance Action Week Begins Oct. 3
Goal to Increase Mortgage Action Alliance Membership to 15,000
MBA Education Fundamentals and Best Practices in Mortgage Accounting Workshop Nov. 15
Held in Conjunction with MBA Accounting & Financial Management Conference
MBA Education Releases HMDA, Diversity Resource Guides
Comprehensive Guide to New HMDA Rule