The Mortgage Bankers Association, in testimony submitted to the Senate Veterans Affairs Committee, offered recommendations to improve veterans' ability to obtain loans under the VA Home Loans program, as well as improving the market for VA-guaranteed refinancings in Ginnie Mae mortgage-backed securities pools.
FHFA Extends Public Comment Period for Proposed Rule on GSE Capital Requirements
The Federal Housing Finance Agency extended the public comment period for the Agency's proposed rule on Enterprise Capital Requirements by an additional 60 days, citing "high level of interest in the proposed rule and requests from multiple stakeholders for more time to evaluate it."
CMBS Delinquencies Could Decline Further
The commercial mortgage-backed securities delinquency rate is likely to fall further to finish 2018 between 2.25 percent and 2.75 percent, said Fitch Ratings, New York.
CMBS Supply-Demand Fundamentals Remain Stable
Commercial property market supply and demand fundamentals remained relatively stable in the first quarter, said Moody's Investors Service, New York.
MBA Risk Management/QA/Fraud Prevention Forum Sept. 23-25
The Mortgage Bankers Association's annual Risk Management, QA and Fraud Prevention Forum takes place Sept. 23-25 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).
MBA Disaster Recovery Guide Now Available in Spanish
The Mortgage Bankers Association and the National Association of Hispanic Real Estate Professionals have developed a Spanish-language version of Disaster Recovery: A Resource for Homeowners, a consumer-facing informational guide.
MBA Education Advanced Risk Management Concepts Workshop Sept. 23
MBA Education presents a special Advanced Risk Management Concepts Workshop on Sept. 23 at the JW Marriott L.A. Live in Los Angeles in conjunction with the MBA Risk Management & Quality Assurance Forum.
Flood Insurance Extension Approved
Mortgage Daily, July 31, 2018
Veteran Against Veteran: A New Battle on Capitol Hill Pits Agent Orange Funding Against Low-Cost Mortgages
MarketWatch, Aug. 2, 2018--Andrea Riquier
Panel Vote on CFPB Nominee Delayed as Senate Plans Recess
American Banker, Aug. 1, 2018--Neil Haggerty (subscription)
Wells Fargo Reaches $2 Bil Subprime RMBS Settlement
Mortgage Daily, Aug. 1, 2018
Wells Fargo's $2B Settlement May Mark End of Crisis-Era RMBS Woes
National Mortgage News, Aug. 1, 2018--Kristin Broughton (subscription)
Wells Fargo Faces Tax Credit Probes, New Problems with Mortgage Borrowers
Reuters, Aug. 3, 2018--Lauren Tara LaCapra, Pete Schroeder
HSBC to Pay $765M to Settle U.S. Toxic Mortgage Probe
Sky News, Aug. 6, 2018--Abid Ali
Former Lehman Unit Fined for Fraud
Denver Post, Aug. 3, 2018--Donovan Henderson
Investigating the Investigator: Fannie-Freddie Watchdog Under Scrutiny
Politico, Aug. 2, 2018--Lorraine Woellert, Katy O'Donnell
Freddie Mac Reports Income of $2.4 Billion in Q2
HousingWire, July 31, 2018--Kelsey Rammirez
Fannie Mae Reports Income of $4.5 Billion in Q2
HousingWire, Aug. 2, 2018--Alcynna Lloyd
Genworth M.I. Business, Earnings Jump
Mortgage Daily, Aug. 1, 2018
National MI Elects to Slow Its Market Share Growth in 2Q
National Mortgage News, Aug. 3, 2018--Brad Finkelstein (subscription)
Arch Regains Top Market Share Among Mortgage Insurers
National Mortgage News, Aug. 1, 2018--Brad Finkelstein (subscription)
Relief from HMDA Requirements May Go Further than Banks Realize
National Mortgage News, Aug. 2, 2018--Rachel Witkowski (subscription)
Mortgage Startup Blend to Offer MetLife Policies With New Unit
Bloomberg, Aug. 6, 2018--Julie Verhage, Katherine Chiglinsky