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  • Servicing Newslink Tuesday 9-10-19

    "We are gratified that the reports reflect many of the important priorities that MBA has long recommended, including protecting taxpayers from future bailouts, an explicit government guarantee on qualified mortgage-backed securities for single-family and multifamily loans, increased competition and

  • Servicing Newslink Tuesday 9-3-19

    "With anticipated increases in prepayment activity, we saw hits to servicing profitability resulting from mortgage servicing right markdowns and amortization. Nonetheless, the profitability on the production side of the business generally outweighed servicing losses."--MBA Vice President of Industry

  • Servicing Newslink Tuesday 8-27-19

    "Existing home sales make up approximately 90 percent of all home sales, which means existing homeowners must sell their homes in order for homes to be available for sale. Rising tenure length, therefore, means both fewer buyers and fewer homes on the market, keeping existing-home sales below potent

  • Servicing Newslink Tuesday 8-20-19

    "The unemployment rate remains quite low, but the national mortgage delinquency rate in the second quarter rose from both the first quarter and one year ago. The economy is slowing, and this poses the risk of further increases in delinquency rates."--Marina Walsh, MBA Vice President of Industry Anal

  • Servicing Newslink Tuesday 8-13-19

    "As you recall, MBA opposed the inclusion of the language preference question in the URLA because of the customer relations issues the question would cause if lenders could not actually serve borrowers in their preferred language, and due to unresolved operational and legal questions raised by the l

  • Servicing Newslink Tuesday 8-6-19

    "S. 2155 was enacted to right-size regulations for community banks, mid-sized banks, regional banks and credit unions to expand access to capital. We have already started to see meaningful benefits from these laws...more can still be done to support the economic expansion."--From a July 30 letter si

  • Servicing Newslink Tuesday 7-30-19

    "The national mortgage market readjusting away from the Patch can facilitate a more transparent, level playing field that ultimately benefits consumers through stronger consumer protection."--Consumer Financial Protection Bureau Director Kathleen Kraninger.

  • Servicing Newslink Tuesday 7-23-19

    "Today's announcement is not the end of our efforts to make sure consumers' sensitive personal information is safe and secure. The incident at Equifax underscores the evolving cyber security threats confronting both private and government computer systems and actions they must take to shield the per

  • Servicing Newslink Tuesday 7-16-19

    "At a high level, the role of federal regulators with respect to credit scoring models should be to ensure such models exceed a minimum threshold of predictive capacity, while also remaining in compliance with fair lending requirements. If the CFPB or any other regulator was able to regularly change

  • Servicing Newslink Tuesday 7-9-19

    "FHA can make changes to expand loan eligibility and encourage more servicer and investor participation."--From an MBA/American Bankers Association letter to HUD outlining recommendations to improve its FHA Single-Family Loan Sale Program.

  • Servicing Newslink Tuesday 7-2-19

    "The importance of the Terrorism Risk Insurance Act of 2002 and subsequent reauthorizations to the American economy is directly relevant to MBA's membership. A long-term extension of TRIA is vital to the health of the commercial and multifamily real estate finance sector and the nation as a whole."-

  • Servicing Newslink Tuesday 6-25-29

    "Large banks appear to have great difficulty translating technological expertise and resources into efficient technology support for the mortgage origination business. Large banks' IT projects appear to get mired in process considerations and take years to roll out, if they are rolled out at all. Cl

  • Servicing Newslink Tuesday 6-18-19

    "The lack of affordable housing is presenting significant challenges to families across the country. We need to explore how the lending community can better partner with public, private and non-profit stakeholders to ensure more Americans have access to homes they can afford.As the trade association

  • Servicing Newslink Tuesday 6-11-19

    "Independent mortgage bankers experienced improvements in the first three months of the year. This was a welcoming sign following a very difficult end of 2018, in which profitability reached its lowest level since our survey's inception in 2008."--MBA Vice President of Industry Analysis Marina Walsh

  • Servicing Newslink Tuesday 6-4-19

    "It is time for Congress as a whole, to speak up and demand that their colleagues allow for the NFIP to be extended prior to a lapse. The millions of homeowners, renters, small businesses, builders, real estate and insurance agents, lenders and taxpayers deserve nothing less."--From an MBA/trade gro

  • Servicing Newslink Tuesday 5-28-19

    "Our ultimate goal is to be fair," he said. "We'll continue to hold lenders accountable...but we also want to encourage borrowers to look to FHA. We believe these adjustments will improve our risk management and better evaluate risk at the margin, so lenders can participate with more confidence."--F

  • Servicing Newslink Tuesday 5-21-19

    "The Mortgage Bankers Association continues to be fully focused on housing finance reform. We're pursuing every angle and pushing regulators and lawmakers to build on the progress that has already been made. More than 10 years after the financial crisis, we still believe housing finance reform is ac

  • Servicing Newslink Tuesday 5-14-19

    "It has become clear that our lending partners are seeking clarity and greater certainty when documenting compliance with FHA requirements. We are proposing a new, more transparent set of requirements that will preserve our enforcement authority. We anticipate that this will encourage more lender pa

  • Servicing Newslink Tuesday 5-7-19

    "Today's proposed changes would provide much needed relief to smaller community banks and credit unions while still providing federal regulators and other stakeholders with the information we need under the Home Mortgage Disclosure Act." --CFPB Director Kathleen L. Kraninger, on proposed rulemakings

  • Servicing Newslink Tuesday 4-30-19

    "The market volatility and decline in consumer confidence that we saw in late 2018 and early 2019 seemed to confirm what other housing indicators showed: a somewhat slow first couple of months of the year for the housing market."--Joel Kan, MBA Associate Vice President of Economic and Industry Forec

  • Servicing Newslink Tuesday 4-23-19

    "Despite a healthy economy in 2018, the mortgage market suffered, as rate hikes hurt refinancing volume and low housing inventories priced some potential homebuyers out of the purchase market. For mortgage companies, there was the perfect storm of lower production revenues combined with rising expen

  • Servicing Newslink Tuesday 4-16-19

    "After 12 consecutive years of declines that affected all population segments, the Hispanic segment helped pull the nation out of a devastating housing recession in 2015 when it became the first ethnic demographic to show an increase to its post-recession homeownership rate. Hispanics have been the

  • Servicing Newslink Tuesday 4-9-19

    "Fannie Mae and Freddie Mac have been in conservatorship for more than a decade and it's well past time that policymakers address the long-term future of these enterprises. As both administrative and legislative reforms move forward, it is important that the regulator and Congress support ongoing li

  • Servicing Newslink Tuesday 4-2-19

    "The 2008 financial crisis exposed fundamental problems in the GSEs' business models, as well as weaknesses in the regulatory framework. Ten years later, we have still not determined how or if the GSEs will be permanently reformed. Only by enacting comprehensive legislative reform can we provide the

  • Servicing Newslink Tuesday 3-26-19

    "MBA's investment will provide seed funding to accelerate the development of initiatives." --MBA Chairman Chris George, on MBA's $2 million investment in MISMO.

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