In its latest letter to the Consumer Financial Protection Bureau/Bureau of Consumer Financial Protection, the Mortgage Bankers Association reiterated its criticism of the Bureau's "regulation by enforcement" practices and urged the Bureau to adopt guidance principles to provide certainty to its rules and regulations.
Bureau Says It Will Line up HMDA Exemptions with New Reg Relief Law
The Consumer Financial Protection Bureau yesterday issued a statement signaling its intent to align its Home Mortgage Disclosure Act policies with the recently passed Economic Growth, Regulatory Relief and Consumer Protection Act.
Despite Record Tappable Equity, Borrowing Hits 4-Year Low
Black Knight, Jacksonville, Fla., said despite record-setting levels of "tappable" equity growth in the first quarter, the share of total equity withdrawn by borrowers hit a four-year low.
Fitch: U.S. RMBS Rep & Warranties Have ‘Room for Improvement
Fitch Ratings, New York, said some new U.S. residential mortgage-backed securities deals are coming to market of late with rep and warranty frameworks that are showing signs of slippage at a time when they should be taking on greater importance.
CRE Transparency Improves Globally; U.S. ‘Most Transparent'
JLL, Chicago, said governments worldwide have been gradually forging greater transparency in real estate markets, addressing growing demands from investors and the public to deliver significant change.
Mulvaney Taps Brian Johnson as Bureau Acting Deputy Director
It's been a busy few weeks at the Bureau of Consumer Financial Protection/Consumer Financial Protection Bureau, personnel-wise.
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 Education Advanced Servicing Workshop Aug. 8-9
MBA Education presents its Advance Servicing Workshop in Irving, Texas Aug. 8-9.
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 Education School of Mortgage Servicing July 16-26
MBA Education offers its popular School of Mortgage Servicing instructor-guided online course July 16-26.
CFPB's Compliance Approach Makes Regulatory Guidance Unreliable: MBA
National Mortgage News, July 5, 2018--Elina Tarkazikis (free article)
A Farewell to ARMs? Americans Still Shunning Adjustable-Rate Mortgages 10 Years After the Crisis
MarketWatch, July 9, 2018--Andrea Riquier
CFPB Set to Issue HMDA Guidance This Summer
National Mortgage News, July 5, 2018--Kate Berry (subscription)
CFPB Official Who Challenged Mulvaney for Top Job is Stepping Down
CNN, July 6, 2018--Dona Borak
More White Knuckles for Lenders as Flood Insurance Deadline Approaches
National Mortgage News, July 9, 2018--Hannah Long (subscription)
Fannie's Take on Paying for PMI Seeks to Avoid 'Charter Creep' Criticism
National Mortgage News, July 10, 2018--Brad Finkelstein (subscription)
How Private-Label Investors are Beating the GSEs at their Own Game
National Mortgage News, July 3, 2018--Brad Finkelstein (subscription)
Freddie Mac: ACIS Loss Coverage Reaches $10 Billion
HousingWire, July 6, 2018--Alcynna Lloyd
Home Street to Sell $5B in Mortgage Servicing Rights
American Banker, July 3, 2018--Paul Davis (subscription)
New York's Iconic Plaza Hotel Sold to Qatar Fund for $600 Million
Wall Street Journal, July 3, 2018--Craig Karmin, Keiko Morris (subscription)
RBS to Pay $20 Million to Illinois Pension Funds over Crisis-Era Mortgage Bonds
HousingWire, July 5, 2018--Ben Lane
Decade-Low Monthly Reverse Mortgage Production
Mortgage Daily, July 5, 2018
Overall Share of Equity Withdrawals Drops to 4-Year Low
HousingWire, July 9, 2018--Jessica Guerin
Back-Office Innovations Help Banks Dump Costly Real Estate
American Banker, July 6, 2018--Andy Peters (subscription)
Consumer Bankruptcy Filings Decline
Mortgage Daily, July 6, 2018
Chicago Targets ‘Zombie Housing' for Renewal, Block by Block
U.S. News & World Report, July 9, 2018--Anne Marie Kukec