The Mortgage Bankers urged the Treasury Department and the Internal Revenue Service to further clarify its rules governing qualified business income deductions under Section 199A of the Internal Revenue Code.
Fannie Mae Names Hugh Frater Interim CEO; Tim Mayopoulos to Leave Oct. 15
Fannie Mae, Washington, D.C., appointed Hugh R. Frater as Interim CEO, effective October 16, subject to final Federal Housing Finance Agency approval. He will succeed Timothy J. Mayopoulos, who announced his intention to depart in July and will leave the company on October 15.
FHFA Requests Input on GSE Proposed Duty to Serve Plan Modifications
The Federal Housing Finance Agency requested public input as part of the Agency's consideration of proposed modifications to Fannie Mae and Freddie Mac's 2018-2020 Underserved Markets Plans under the Duty to Serve program.
Foreclosed Homes Appreciating Faster than Typical U.S. Home
Homes that were foreclosed on during the housing crisis are now rising in value by more than 10 percent annually, more than 3.5 percentage points faster than the typical U.S. home, said Zillow, Seattle.
Black Knight: 474,000 Mortgaged Properties in FEMA-Declared Florence Disaster Areas
Black Knight, Jacksonville, Fla., said nearly 500,000 mortgaged properties sit in the 34 counties in North and South Carolina declared as disaster areas resulting from Hurricane Florence.
CoreLogic Says Mortgage Delinquency, Foreclosure Rates at 12-Year Low
CoreLogic, Irvine, Calif., said U.S. foreclosure and mortgage delinquency rates fell to 12-year lows in July.
CMBS Delinquency Rate Reduction Accelerates; Possible 'Inflection Point' Ahead?
The commercial mortgage-backed securities delinquency rate dropped "markedly" once again in September, reported Trepp, New York.
MBA Accounting & Financial Management Conference in Orlando Nov. 12-14
The Mortgage Bankers Association's MBA Accounting & Financial Management Conference takes place in Orlando Nov. 12-14.
MBA Disaster Recovery Guide Available
The Mortgage Bankers Association has developed both English- and Spanish-language versions of Disaster Recovery: A Resource for Homeowners, a consumer-facing informational guide.
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).
10 Years Later: How The Housing Market Has Changed Since The Crash
Washington Post, Oct. 4, 2018--Michele Lerner
NYSE Owner International Exchange Acquires Full Control of MERS
National Mortgage News, Oct. 4, 2018--Bonnie Sinnock (subscription)
California Ballot Initiative Would Harm Affordable Housing
National Mortgage News, Oct. 2, 2018--Paul Centopani (subscription)
With Kavanaugh Confirmed, Will Supreme Court Take Aim at the CFPB?
HousingWire, Oct. 8, 2018--Ben Lane
CRA, Capital Rules, Reg Relief: Regulators' Busy Fall To-Do List
American Banker, Oct. 5, 2018--Neil Haggerty (subscription)
Waters Bill Would Reverse Mulvaney's Deregulatory Efforts at CFPB
National Mortgage News, Oct. 2, 2018--Hannah Lang (subscription)
User Experience is Biggest Hindrance in Fight Against Mortgage Fraud
National Mortgage News, Oct. 3, 2018--Paul Centopani (subscription)
Judge Tosses Class Action Suit Against Zillow
HousingWire, Oct. 3, 2018--Jessica Guerin
It's Been One Year Since HUD Shook Up the Reverse Mortgage Industry
HousingWire, Oct. 2, 2018--Jessica Guerin
Annual HECM Endorsements Sink to 13-Year Low
Mortgage Daily, Oct. 2, 2018
Mortgage Delinquencies from Florence Could Hit VA Loans Hardest
National Mortgage News, Oct. 8, 2018--Paul Centopani (subscription)
Bank HEL Delinquency Soars
Mortgage Daily, Oct. 4, 2018
Consumer Bankruptcies Drop from Month, Yr Earlier
Mortgage Daily, Oct. 3, 2018
Shopping-Mall Vacancies Are Highest in Seven Years After Big-Box Closings
Wall Street Journal, Oct. 3, 2018--Esther Fung (subscription)
Cybersecurity Spending's Way Up. Is it Overkill, or Not Enough?
American Banker, Oct. 2, 2018--Andy Peters (subscription)
Wells Fargo Is Planning Its First Post-Crisis Mortgage Bond
Bloomberg, Oct. 4, 2018--Adam Tempkin
Acquisition of PHH Corp. a Done Deal
Mortgage Daily, Oct. 4, 2018
Bridge Loans Can Be an Attractive Financing Strategy for Value-Add Investments
National Real Estate Investor, Oct. 5, 2018--Shahin Yazdi