Newsletter Archive

Refine By:

Displaying 1 to 25 of 278 records.
< Prev 1 2 3 4 5 6 7 8 9 ... 12 Next >
  • Servicing Newslink Tuesday 10-16-18

    "In many residential settings, PACE loans often have little connection to the promised energy savings either due to overzealous or deceptive marketing, or consumer usage patterns that undermine the expected cost savings. While these problems exist in the home improvement market generally, consumers

  • Servicing Newslink Tuesday 10-9-18

    "Lack of clear guidance in these areas in the proposed regulations will result in inconsistency, and therefore confusion for taxpayers who ‘need certainty in determining whether their trade or business generates income that is eligible for the section 199A deduction. Moreover, given that mortg

  • Servicing Newslink Tuesday 10-2-18

    "The balance of mortgage debt on commercial and multifamily properties grew faster during the first half of 2018 than during any other first half since 2007. The four major investor groups all increased their holdings, and multifamily mortgage debt outstanding topped $1.3 trillion for the first time

  • Servicing Newslink Tuesday 9-25-18

    "The quality of business we do today exceeds anything in my 36 years in this industry--any time in this industry. We are doing things better today than we've ever done them, and quality control professionals are the ones who made this happen."--MBA Chairman-Elect Chris George, addressing the MBA Ris

  • Servicing Newslink Tuesday 9-18-18

    "A law or regulation has the force and effect of law. Unlike a law or regulation, supervisory guidance does not have the force and effect of law, and the agencies do not take enforcement actions based on supervisory guidance. Rather, supervisory guidance outlines the agencies' supervisory expectatio

  • Servicing Newslink Tuesday 9-11-18

    "Housing is simply too important to our national economy and our local communities to risk disruption of the system by which it is financed."--From an "open letter" by MBA and other trade groups to the Trump Administration and Congress urging action on secondary mortgage market reform.

  • Servicing Newslink Tuesday 9-4-18

    "The delinquency rate for loans held on banks' balance sheets is the lowest in the series history. Strong property fundamentals and values, coupled with low Interest rates and ample financing options, all continue to support commercial real estate owners and their abilities to repay their mortgages.

  • Servicing Newslink Tuesday 8-28-18

    "The report shows welcome engagement from Treasury and directs the government's regulatory priorities and the future of the mortgage market. It's very gratifying to see many long-standing MBA priorities reflected in the report, and we look forward to working with the relevant stakeholders in impleme

  • Servicing Newslink Tuesday 8-21-18

    "We continue to see improvement in the overall mortgage delinquency rate as the impact of the hurricanes from one year ago lessens, particularly for conventional loans."--Marina Walsh, MBA Vice President of Industry Analysis.

  • Servicing Newslink Tuesday 8-14-18

    "It's a very favorable court ruling as the alternative would have been incredibly disruptive. A different decision might have impaired or invalidated foreclosures because of the licensing question and added significant costs as the secondary market scrambled to figure out how to apply the decision."

  • Servicing Newslink Tuesday 8-7-18

    "These 'orphaned' loans cannot be delivered to Ginnie Mae despite carrying a valid VA guaranty and being fully compliant with the requirements in place at the time the applications were taken and (in some cases) the loans were closed. This situation has caused liquidity strains for some lenders, par

  • Servicing Newslink Tuesday 7-31-18

    "The lack of final rules continue to create capital planning challenges for many banks due to lack of certainty on several issues."--MBA Senior Vice President of Public Policy and Industry Relations Stephen O'Connor, in a letter to federal regulatory agencies.

  • Servicing Newslink Tuesday 7-24-18

    "The overwhelming majority of mortgage-related complaints are the product of misunderstandings rather than company mistakes or instances of wrongdoing. Given that they were satisfactorily resolved with an explanation, these mortgage-related complaints are much more akin to consumer inquiries. Unfort

  • Servicing Newslink Tuesday 7-17-18

    "By prohibiting a subset of VA-guaranteed refinances from serving as collateral for Ginnie Mae MBS, HUD's determination effectively ‘orphans' these loans, reducing their liquidity and lowering their market value. As such, the lenders that originated these loans in accordance with the VA and Gi

  • Servicing Newslink Tuesday 7-10-18

    "The value of Bureau guidance materials lies in their reliability. Unfortunately, the Bureau's practice of using disclaimers to make guidance non-binding on the Bureau erodes much of its reliability. Regulated entities must be able to rely on guidance to ensure they are operating within the rules. M

  • Servicing Newslink Tuesday 7-3-18

    "The industry has undergone significant changes in the decades since these rules were first conceived. Recent advances in technology have only quickened the pace of change. The Bureau must ensure its regulations and regulatory guidance reflect these changes. In the past, the Bureau billed itself as

  • Servicing Newslink Tuesday 6-26-18

    "The Administration's proposal to reform Fannie Mae and Freddie Mac closely tracks much of the work that has been done to date by policymakers on Capitol Hill. It includes many core principles that MBA has long advocated for, such as an explicit government guarantee on [mortgage-backed securities] o

  • Servicing Newslink Tuesday 6-12-18

    "Falling volume drove net production profitability into the red for only the second time since inception of our report in the third quarter of 2008. While production revenues per loan actually increased in the first quarter, we also reached a study-high for total production expenses at $8,957 per lo

  • Servicing Newslink Tuesday 6-5-18

    "MBA [has] become concerned in recent years with a lack of transparency in the FHFA approval process for new activities and new products...This process has made it far more difficult for policymakers, market participants and other stakeholders to understand whether certain offerings are serving the

  • Servicing Newslink Tuesday 5-29-18

    "The bill marks years' worth of work by a group of bipartisan Senators and parallel and focused advocacy by the legislative and policy teams at MBA...I want to commend the House of Representatives for joining the Senate and passing this bill which will protect consumers and provide greater access to

  • Servicing Newslink Tuesday 5-22-18

    "The strong economy, low unemployment rate, tax refunds and bonuses and home price appreciation were key factors that helped push delinquencies down in the first quarter."--MBA Vice President of Industry Analysis Marina Walsh.

  • Servicing Newslink Tuesday 5-15-18

    "The [Telephone Consumer Protection Act] landscape is dysfunctional and in need of clarity from the FCC. The statute, originally intended to target a specific abusive telemarketing practice, has been expanded by courts and the FCC, turning it into a breeding ground for frivolous lawsuits against leg

  • Servicing Newslink Tuesday 5-8-18

    "We've reached a tipping point in this housing boom where enough homeowners have regained both sufficient equity and sufficient confidence to tap into their home equity--resulting in a noticeably slower decline in seriously underwater properties and slower growth in equity rich properties." --Daren

  • Servicing Newslink Tuesday 4-24-18

    "Data will move faster and be more accurate. What can we learn from it? If we don't get on the train, it's going to be over. Whoever can move faster on technology and invest time and effort in technology will succeed."--Dan Gilbert, founder and chairman of Quicken Loans Inc., Detroit.

  • Servicing Newslink Tuesday 4-17-18

    "Production profits dropped by almost half in 2017 as rate-term refinancings diminished and the overall average production volume dropped. Production revenues per loan were up slightly for the year, as higher loan balances mitigated the effects of competitive pressures. However, production expenses

Displaying 1 to 25 of 278 records.
< Prev 1 2 3 4 5 6 7 8 9 ... 12 Next >