MBA and 27 other organizations sent a letter to FHFA Acting Director Joseph Otting on priorities for preserving access and affordability when undertaking administrative reforms to the GSEs. And Federal Reserve Chairman Jerome Powell addressed both the House and Senate, answering questions on both GSE reform and the Current Expected Credit Losses accounting standard.
7 Ways Borrowers are Changing Mortgage Servicing
National Mortgage News, Mar. 1, 2019--Elina Tarkaziks, Austin Kilgore (free article)
Banks Won't Be Able to Remain on Sidelines of Privacy Debate
American Banker, Mar. 3, 2019--Victoria Finkle (subscription)
More First-Time Home Buyers in the Military are Using VA Loans: CFPB
National Mortgage News, Mar. 1, 2019--Bonnie Sinnock (subscription)
New Study Shows Financial Potholes in House Flipping
National Mortgage Professional, Mar. 1, 2019--Phil Hall
Freddie Mac: February Forecast Hints at Mortgage Market Slowdown
HousingWire, Mar. 1, 2019--Alcynna Lloyd
U.S. Consumer Sentiment Slipped in Late February
Wall Street Journal, Mar. 1, 2019--Sharon Nunn (subscription)
MBA-Led Coalition Urges FHFA to Make Market Stability Priority in GSE Reform
The Mortgage Bankers Association, joined by 27 other organizations representing a cross-section of consumer and industry organizations, sent a letter Friday to Federal Housing Finance Agency Acting Director Joseph Otting on priorities for preserving access and affordability when undertaking administrative reforms to Fannie Mae and Freddie Mac.
MBA Chart of the Week: Low-to-Moderate Income Originations by Company Type
In 2017, IMBs accounted for more than 80 percent of Federal Housing Administration loans, 70 percent of Veterans Affairs loans and 64 percent of loans guaranteed by U.S. Department of Agricultural Rural Housing Service loans.
The Week Ahead
House Financial Services Committee Chair Maxine Waters, D-Calif., has a busy hearing schedule for March, starting this Thursday, Mar. 7 with a hearing on Putting Consumers First? A Semi-Annual Review of the Consumer Financial Protection Bureau.
CRE Price Growth Slows to Eight-Year Low
Growth in U.S. commercial property prices slowed to the weakest annual pace in eight years in January, reported Real Capital Analytics, New York.
Dealmaker: Pebblebrook Sells Two D.C. Hotels for $253M
Pebblebrook Hotel Trust, Bethesda, Md., sold 335-room Hotel Palomar Washington, D.C. to Hospitality Properties Trust, Newton, Mass., for $141.5 million, or $422,388 per key.
MBA Commercial/Multifamily Servicing & Technology Conference in L.A. May 14-17
The Mortgage Bankers Association's annual Commercial/Multifamily Servicing & Technology Conference takes place May 14-17 at the J.W. Marriott L.A. Live in Los Angeles.
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).
MISMO Seeks Input on New Standardized Loan Application Dataset
MISMO®, the mortgage industry standards organization, seeks industry participants to collaborate on developing a standardized loan dataset that will correspond with the new Uniform Residential Loan Application.