The Mortgage Bankers Association, in a letter yesterday to the Federal Housing Finance Agency, offered a number of policy recommendations, including that FHFA should increase transparency in its approval process for new products and activities undertaken by Fannie Mae and Freddie Mac.
Homebuyers Can Reap Bargains Thanks to Growing Lender Competition
Washington Post, June 4, 2018--Kenneth R. Harney
HousingWire to Be Presenting Sponsor at Ellie Mae Classic Golf Tournament
HousingWire, June 4, 2018--Ben Lane
How a CFPB Overhaul of the QM Rule will Remake Mortgages
National Mortgage News, June 4, 2018--Brad Finkelstein (subscription)
Tech-Based Mortgage Lenders: Fast and Flourishing
Bankrate, June 4, 2018--Barry Bridges
First-Time U.S. Homebuyers Account for Almost Half of Mortgages
Bloomberg, June 4, 2018--Prasant Gopal (subscription)
SunTrust Back in Compliance with National Mortgage Settlement Servicing Rules
HousingWire, June 5, 2018--Ben Lane
Banks Pay Out Some of the Biggest Settlements in Wage Disputes
Wall Street Journal, June 5, 2018--Lauren Weber (subscription)
Rising Risks: Hurricane Season and the Housing Market
CNBC, June 4, 2018--Diana Olick
Black Knight Seeks AI Might with HeavyWater Deal
National Mortgage News, June 4, 2018--Bonnie Sinnock (subscription)
Record Hirings, Lending Expected at Guaranteed Rate
Mortgage Daily, June 4, 2018
IndyMac's Former Reverse Unit Sold
Mortgage Daily, June 4, 2018
MBA Releases UDAAP Enforcement Actions Matrix
The Mortgage Bankers Association has updated its Unfair, Deceptive or Abusive Acts or Practices Matrix as a member benefit.
Black Knight: Home Price Increases Stretch Affordability
Black Knight, Jacksonville, Fla., said rising home prices and interest rates have increased the monthly payment on a median-priced home purchased with a 20 percent down payment by $150 per month since the beginning of the year.
Ability-to-Repay ‘Era' Creates ‘Steering Wheel Lock' on Fraud Risk
First American Financial Corp., Santa Ana, Calif., released its monthly Loan Application Defect Index, noting the ancillary benefit of the ability-to-repay standards has been fewer loan application defects and a "steering wheel lock" on mortgage fraud risk.
CMBS Credit Quality Shows Some 'Echoes' of 2007
Commercial mortgage-backed securities credit quality deteriorated in the first quarter, as more than three-quarters of loans in multiple-borrower bonds were backed by interest-only mortgages, said Moody's Investors Service, New York.
Dealmaker: Hunt Mortgage Group Provides $27M For Multifamily
Hunt Mortgage Group, New York, provided $26.6 million for multifamily assets in Bakersfield, Calif. and Toledo, Ohio.
mPowering You Summit for Women in Real Estate Finance in D.C. Oct. 13
mPowering You, the Mortgage Bankers Association's Summit for Women in Real Estate Finance, takes place Saturday, Oct. 13 at the Walter E. Washington Convention Center in Washington, D.C., ahead of the MBA Annual Convention & Expo.
MBA Education Management Essentials for the Mortgage Professional in D.C. Sept. 11-14
MBA Education presents Management Essentials for the Mortgage Professional, a four-day workshop taking place Sept. 11-14 at NorthMarq Capital in Washington, D.C.