The Consumer Financial Protection Bureau yesterday issued an Advance Notice of Proposed Rulemaking that would end the temporary Qualified Mortgage "Patch" applicable to certain mortgage loans eligible for purchase or guarantee by Fannie Mae and Freddie Mac.
Mortgage Rates Fall, Reaching Nearly Three-Year Low
Washington Post, July 25, 2019--Michele Lerner
House Revives Effort to Allow Nontraditional Data in Credit Scores
American Banker, July 25, 2019--Neil Haggerty (subscription)
FHA Temporarily Pulls Plug on Loan Review System Due to 'Errors and Data Loss'
HousingWire, July 25, 2019--Ben Lane
N.Y. Attorney General Opposes Ditech Sale, Announces Investigation into Reverse Mortgage Business
HousingWire, July 25, 2019--Jessica Guerin
Amazon's New York Office Hunt Includes WeWork-Owned Lord & Taylor Building
Wall Street Journal, July 25, 2019--Eliot Brown, Suzanne Kapner (subscription)
Altisource Nearly Halves Its Loss with Field Services, Hubzu Gains
National Mortgage News, July 25, 2019--Bonnie Sinnock (subscription)
Fractional Ownership Provides Alternative for Priced-Out Home Shoppers
Whittier Daily News (Calif.), July 25, 2019--Jeff Lazerson
This City Has The No. 1 Most Stable Housing Market in the Country
MarketWatch, July 25, 2019--Jacob Passy
MBA, Trade Groups Offer FCC Recommendations on 'Robocalls' Policy
The Mortgage Bankers Association and nearly a dozen disparate trade associations offered the Federal Communications Commission a series of recommendations on curbing unlawful "robocalls" while preserving the ability of businesses to legitimately conduct vital business and customer services by phone.
MISMO Approves New Remote Online Notarization Standards
MISMO®, the mortgage industry's standards organization, announced release of its Remote Online Notarization standards, which include an update to draft standards issued earlier this year.
Homeownership Rate, Homeowner Vacancy Rates See Slight Dip in 2Q
The national homeownership rate fell slightly in the second quarter to 64.1 percent, the Census Bureau reported yesterday.
New York City, New Jersey Office Rents at Record Highs
Transwestern Commercial Services, New York, said office rents in the New York City and New Jersey markets reached record levels in the second quarter, with overall Manhattan rents topping $80 per square foot.
Dealmaker: KBS Sells Florida Office to New York Life for $72M
KBS, Newport Beach, Calif., sold Financial Center at the Gardens in West Palm Beach Gardens, Fla., to New York Life Insurance Co. for $71.8 million.
mPowering You: MBA's Summit For Women in Real Estate Finance in Austin Oct. 26
mPowering You: MBA's Summit For Women in Real Estate Finance, takes place Saturday, Oct. 26 at the Austin Convention Center in Austin, Texas.
Upcoming MBA Education School of Mortgage Banking III Courses
MBA Education presents its School of Mortgage Banking Course III Aug. 13-16 at MBA headquarters in Washington, D.C.
MBA Compliance Essentials Offers Certified Mortgage Compliance Professional Designation Level 1
Earn recognition for your mortgage compliance expertise: MBA Education and the MBA Compliance Essentials program offer the only certification and designation program geared exclusively towards compliance professionals in the mortgage finance industry, the Certified Mortgage Compliance Professional (CMCP).