Newsletter Archive

Refine By:

Displaying 1 to 25 of 254 records.
< Prev 1 2 3 4 5 6 7 8 9 10 Next >
  • 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

  • Servicing Newslink Tuesday 4-10-18

    "The challenge today is that we have a system with an extraordinary amount of uncertainty in the origination process. One of the things we have to do is look at the burdens imposed on lenders, who must navigate a complex set of compliance and regulatory requirements that remain subject to interpreta

  • Servicing Newslink Tuesday 4-3-18

    "While credit scores play only a limited role in the underwriting process for loans acquired by the Enterprises, their impact on borrower eligibility and loan pricing warrants periodic review. Given that any changes to the existing Enterprise requirements would entail operational challenges that bri

  • Servicing Newslink Tuesday 3-27-18

    "Production profits plummeted in the fourth quarter of 2017. Purchase volume was lower in the fourth quarter, in part due to normal seasonality. At the same time, there was no substantial pickup in refinancings."--MBA Vice President of Industry Analysis Marina Walsh.

  • Servicing Newslink Tuesday 3-20-18

    "Commercial/multifamily mortgage debt outstanding grew at a slightly slower rate than overall property values. Even so, 2017 marked the strongest year for mortgage debt growth since 2007."--MBA Vice President of Commercial/Multifamily Economics Jamie Woodwell.

  • Servicing Newslink Tuesday 3-13-18

    "MBA supports S. 2155 and would urge all Senators to vote to preserve the bill's key elements throughout the amendment process, and, in turn, to vote in favor of the bill's final passage at the conclusion of the debate. We applaud and appreciate the collective, bipartisan coalition efforts that led

  • Servicing Newslink Tuesday 3-6-18

    "Commercial and multifamily mortgages ended 2017 continuing to perform extraordinarily well. The market tailwinds of strong fundamentals, increasing property values and ready access to mortgage and other credit all put downward pressure on delinquency rates."--MBA Vice President of Commercial Real E

  • Servicing Newslink Tuesday 2-20-18

    "The issue of fair lending is an important one, and MBA has and will continue to advocate for policies that responsibly promote expanding the credit box in order to serve borrowers of all demographics and income levels. Unfortunately, this story does little to contribute to a productive dialogue."--

  • Servicing Newslink Tuesday 2-13-18

    "As we work with policymakers to address the legislative and regulatory burdens that prevent us from providing the service we want to give, we should always keep our families in mind. We continue seeking clarity in the rules with written and reliable guidance all servicers can follow, and all consum

  • Servicing Newslink Tuesday 2-6-18

    "MBA is gratified the Court recognized that the CFPB violated the law when it tried to change longstanding RESPA rules through the enforcement process rather than by issuing a new rule or guidance. This decision notwithstanding, the Bureau still owes the industry clear and constructive guidance on i

  • Servicing Newslink Tuesday 1-30-18

    "Given that this coming wave [of home buyers] will be the most culturally diverse in our nation's history, we must transform how our companies look in order to better reflect the customers we hope to serve. This is especially important for IMBs and community banks, who are so close and so connected

  • Servicing Newslink Tuesday 1-23-18

    "There are many similarities between this proposal and MBA's own plan including the need for a government guarantee behind mortgage-backed securities to support single-family and multifamily finance, two or more competing guarantors, the use of a single security in the single family market and a lev

  • Servicing Newslink Tuesday 1-16-18

    "It's important to focus on options that target churning while not impeding the ability of service members and veterans to obtain a beneficial refinancing. We recognize that the VA program is a unique loan program--an entitlement program for veterans who have served our country. As such, while we su

  • Servicing Newslink Tuesday 1-9-18

    "HELOCs have been an attractive option for borrowers to utilize available equity without sacrificing low first- lien interest rates; with interest on these products no longer deductible, the value proposition has changed."--Black Knight Data & Analytics Executive Vice President Ben Graboske.

  • Servicing Newslink Tuesday 12-19-17

    "The tough challenges associated with implementation are still ahead, however, to ensure that the Plans meet affordable housing needs in underserved markets around the country." --Federal Housing Finance Agency Director Melvin Watt, on published "Duty to Serve" guidelines for Fannie Mae and Freddie

  • Servicing Newslink Tuesday 12-12-17

    "PACE liens pose a real danger to secured lenders and to the MMI fund because they erode the underlying collateral due to their priority lien position in the event of default. HUD's actions today will help protect taxpayers and the FHA insurance fund, and will align FHA policy with that of Fannie Ma

  • Servicing Newslink Tuesday 12-5-17

    "Because of the Rounds Amendment, this package will protect the ability of most Americans to obtain safe, decent shelter and affordable home mortgage credit without disruption. Had this language not been included, the change in tax accounting for MSRs would have had a devastating impact on the flow

  • Servicing Newslink Tuesday 11-21-17

    "The drop in the capital reserve ratio--primarily due to the extreme volatility of the Home Equity Conversion Mortgage program--demonstrates that the Trump Administration was wise to reverse the mortgage insurance premium reduction made in the last days of the previous administration. Had the reduct

  • Servicing Newslink Tuesday 11-14-17

    "Home equity is a critical source of financing for low- and middle-income households for home improvements, college tuition and other emergencies. MBA believes deductibility of a portion of home equity indebtedness should be retained. In addition, the deduction for property taxes helps families over

  • Servicing Newslink Tuesday 11-7-17

    "Only Congress can alter the existing GSE charters, establish an explicit federal government guarantee and create a regulatory mandate to maintain a level playing field. We cannot go back to a housing finance system that provides private gains when markets are strong yet relies on support from taxpa

  • Servicing Newslink Tuesday 10-31-17

    "MBA has long recognized the importance of this ‘bright line' between the primary and secondary markets, and its continued application is particularly crucial given the rapid development and deployment of new mortgage-related technologies."--MBA President and CEO David Stevens, CMB, in a lette

  • Servicing Newslink Tuesday 10-24-17

    "MBA and its members are committed to serving all borrowers in a safe and sustainable manner--including those with limited English proficiency. While we continue to have significant reservations about including a language preference question on the URLA, we appreciate the modest improvements FHFA ha

  • Servicing Newslink Tuesday 10-17-17

    "We firmly believe that Congress and the administration have a ‘once-in-a-generation' opportunity to overhaul the tax code in a manner that will spur long-term economic growth, create jobs and place more money in the pockets of hard-working Americans."--MBA President and CEO David Stevens, CMB

  • Servicing Newslink Tuesday 10-10-17

    "Hacking is easy. Personal information is cheap and you don't even have to go on the Dark Web to buy it."--Christa Lynn Greco, intelligence analyst in the criminal investigative division with the Federal Bureau of Investigation.

  • Servicing Newslink Tuesday 10-3-17

    "We're going to see loans continue to be processed the traditional way, but we're also going to increasingly see use of these new methods, because it's what lenders and customers are demanding."--Jude Landis, vice president of credit policy and risk management with Fannie Mae, Washington, D.C.

Displaying 1 to 25 of 254 records.
< Prev 1 2 3 4 5 6 7 8 9 10 Next >