The Federal Housing Administration announced expanded mortgage relief to FHA-insured homeowners who live or work in areas impacted by Hurricanes Harvey, Irma and Maria as well as California wildfires and subsequent flooding and mudslides.
MBA Chart of the Week: Homeowners' Equity and Home Equity Loans
Home equity has surpassed the previous peak of $13.4 trillion from first quarter 2006 during the past year, recovering from the great price correction that more than halved home equity positions.
January Composite Default Rates Up
Composite default rates, driven largely by a spike in bank card defaults but also in first mortgage defaults, increased in January, reported S&P Down Jones and Experian, New York.
CMBS Supply-Demand Fundamentals Stable; Delinquency Rate Declines
Commercial property market supply and demand fundamentals remained relatively stable in the third quarter, reported Moody's Investors Service, New York.
Black Knight: January Delinquencies Down Sharply
Black Knight, Jacksonville, Fla., said mortgage delinquencies fell sharply in January, although they remain higher than a year ago.
MBA Legal Issues/Regulatory Compliance Conference in L.A. Apr. 29-May 2
The Mortgage Bankers Association's annual Legal Issues and Regulatory Compliance Conference takes place Apr. 29-May 2 at the J.W. Marriott L.A. Live in Los Angeles.
MBA National Secondary Market Conference & Expo May 20-23
The Mortgage Bankers Association' National Secondary Market Conference & Expo returns to the Marriott Marquis in New York May 20-23.
MISMO HMDA Implementation and Reporting Toolkit Overview Webinar Mar. 1
MISMO hosts a new webinar, HMDA Implementation and Reporting Toolkit Overview, on Thursday, Mar. 1 from noon-1:30 p.m. ET.
MBA Education Advanced Servicing Workshop in Phoenix Apr. 4-5
MBA Education presents its Advance Servicing Workshop in Phoenix Apr. 4-5.
Supreme Court Rejects Hedge Funds on Fannie, Freddie Suits
Bloomberg, Feb. 20, 2018--Greg Stohr, Joe Light
House, Senate Exploring How to Expand Reg Relief Bill: Top GOP Leader
National Mortgage News, Feb. 26, 2018--Ian McKendry (subscription)
Flagstar Bank to Acquire Santandar Bank's Mortgage Warehouse Loan Portfolio
HousingWire, Feb. 20, 2018--Caroline Basile
Lawmakers to Equifax: Extend Free Credit Protection Services
Wall Street Journal, Feb. 20, 2018--AnnaMaria Andriotis (subscription)
Alternative Valuations Could Hurt RMBS Quality
Mortgage Daily, Feb. 20, 2018
CFPB Seeks Input on How Best to Engage the Public
National Mortgage News, Feb. 21, 2018--Kate Berry (subscription)
CFPB Wants Firms to Sound Off, But Openness Carries Hidden Risks
National Mortgage News, Feb. 22, 2018--Kate Berry (subscription)
Gloves Off in CFPB Tug of War Between Mulvaney, Warren
American Banker, Feb. 23, 2018--Kate Berry (subscription)
IRS Clarifies Home Equity Interest Deductibility
Mortgage Daily, Feb. 21, 2018
More First-Time Buyers Using PMI as 3% Down Mortgages Make Gains
National Mortgage News, Feb. 22, 2018--Elina Tarkazikis (subscription)
Many Lenders are Loosening Requirements for Prospective Home Buyers
Washington Post, Feb. 22, 2018--Michele Lerner
Mortgage Insurers Continue Taking Market Share from FHA
National Mortgage News, Feb. 22, 2018--Brad Finkelstein (subscription)
Mortgage Refinance Share Jumps 5% Despite Rising Interest Rates
HousingWire, Feb. 23, 2018--Kelsey Ramirez
Mortgage Payments Get Back on Track After Harvey and Irma
National Mortgage News, Feb. 23, 2018--Bonnie Sinnock (subscription)
The Mortgage Market Is Moving Into the Shadows
Bloomberg, Feb. 23, 2018
GE Cites Possible U.S. Sanction over Former Mortgage Unit
The Hour, Feb. 26, 2018--Alexander Soule
Prison for Mortgage Broker
Mortgage Daily, Feb. 26, 2018
Manhattan Landlords Cut Deals to Stave Off Vacant Storefronts
Bloomberg, Feb. 27, 2018--Sarah Mulholland