The Mortgage Bankers Association and 15 other industry trade groups joined the U.S. Chamber of Commerce in a petition to the Federal Communications Commission, asking for a declaratory ruling on the Telephone Consumer Protection Act's definition of Automated Telephone Dialing Systems, also known as "auto-dialing" or "robo-calling."
MBA Releases Disaster Recovery Guide
The Mortgage Bankers Association released a new consumer-facing information brochure, Disaster Recovery: A Resource for Homeowners, available for use by all MBA members, counseling groups, government agencies and organizations that offers assistance and advice to homeowners in the aftermath of a natural disaster.
MBA Urges CFPB to Improve Administrative Adjudication Processes
The Mortgage Bankers Association, in a May 7 letter to the Consumer Financial Protection Bureau, urged the Bureau to emphasize fairness over speed in its administrative adjudication process to ensure against unintended consequences and protect due process.
CoreLogic: Declining Foreclosure Rates Signal Strong Economy
Despite the devastating 2017 hurricanes, CoreLogic, Irvine, Calif., said the national mortgage delinquency rate fell year over year and fell again month over month.
After Years of Growth, Single-Family Rentals ‘Stabilizing'
In the wake of the housing crisis, single-family homes grew to more than one-third of U.S. rental stock nationwide. Now, says the Joint Center for Housing Studies at Harvard University, that dramatic growth has stabilized.
Fitch: U.S. RMBS Risk Diverging on Recent Investor Loans
A rise in non-traditional or no income borrower documentation has led to significant variation in the credit risk of recently originated investor property loans in U.S. residential mortgage-backed securities deals, said Fitch Ratings, New York.
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.
MBA Commercial/Multifamily Servicing/Technology Conference in Miami May 20-23
The Mortgage Bankers Association's annual Commercial/Multifamily Servicing and Technology Conference takes place May 20-23 at the Intercontinental Miami.
MBA Education Checklist for Effective Compliance Management Systems Webinar May 15
MBA Education presents a new webinar, A Checklist for Effective Compliance Management Systems, on Tuesday, May 15 from 2:00-3:30 p.m. ET.
MBA Advanced Risk Management for Mortgage Pros Workshop in Washington June 11-13
MBA Education presents its popular Advanced Risk Management for Mortgage Pros Workshop June 11-13 in Washington, D.C.
GSE Reform Is Dead--Long Live GSE Reform!
Urban Institute, May 9, 2018--Jim Parrott, Mark M. Zandi
Civil Rights Groups Challenge HUD's Fair Housing Enforcement
New York Times, May 8, 2018--Glenn Thrush
Ben Carson vs. the Fair Housing Act
New York Times, May 13, 2018 (Editorial)
CFPB Warns Nationstar that RESPA Penalty May be Coming
National Mortgage News, May 11, 2018--Bonnie Sinnock (subscription)
CFPB to Dramatically Reorganize Operational Structure
HousingWire, May 10, 2018--Kelsey Ramirez
Companies With the Most Complaints in CFPB Database Were Mulvaney Donors
Public Citizen, May 8, 2018--Michael Tanglis
Mulvaney Guts CFPB's Student Lending Office
American Banker, May 9, 2018--Kate Berry (subscription)
Volcker Rule Rewrite Is Said to Drop Key Trading Burden on Banks
Bloomberg, May 15, 2018--Jesse Hamilton, Benjamin Bain
Equifax Reveals How Much Information was Really Exposed in Data Breach
HousingWire, May 8, 2018--Caroline Basile
Cities Now Use Taxes to Fight Blight. Is It Working?
Governing Magazine, May 14, 2018--J. Brian Charles
RBS Reaches $4.9 Billion Deal to Settle U.S. Mortgage Bond Investigation
Reuters, May 9, 2018--Nate Raymond, Eric Walsh, Sinead Cruise
Banks are Walking Away from Low-Income Homebuyers
CNN Monty, May 11, 2018--Lydia DePillis
Financial Industry Petitions FCC to Make Robocall Lawsuits Harder to Win
National Mortgage News, May 10, 2018--Brad Finkelstein (free story)
Treasury Will Sell $101 Billion in Debt
Wall Street Journal, May 10, 2018
Downsizing and Servicing Offset Lower Volume at Impac Mortgage
National Mortgage News, May 10, 2018--Bonnie Sinnock (subscription)
Alternatives to Reverse Mortgages
UExpress, May 11, 2018--Lew Sichelman
Massive Secondary Mortgage Sale
Mortgage Daily, May 8, 2018
100% LTV Program Launches
Mortgage Daily, May 11, 2018
Angel Oak Mortgage Plans to Double Down on Non-QM Lending in 2018
National Mortgage News, May 14, 2018--Bonnie Sinnock (subscription)
Mortgage Relief for Those Impacted by Hawaiian Volcano
DS News, May 14, 2018--David Wharton