The Mortgage Bankers Association and nearly 30 trade groups representing the real estate finance industry and community groups took the extraordinary step of publishing an Open Letter to the Trump Administration and Congress, urging them to step up efforts to reform the secondary housing market.
Illinois Leads MBA Push for Uniform Mortgage Ad Licensing Disclosure Protocols
You've heard them on the radio or seen them on TV or print--those seemingly endless "disclaimers" issued at blinding speed by some John Moschitta wannabe at the end of an advertisement (or sometimes at the beginning) pushing important, often-unintelligible legal mumbo-jumbo out of the way.
Fintech Investment Having Positive Effect on Loan Defects
First American Financial Corp., Santa Ana, Calif., reported loan defects in mortgage loan applications decreased by nearly 10 percent from a year ago--and said the real estate finance industry has fintech to thank.
CoreLogic: Mortgage Delinquency, Foreclosure Rates Lowest for June in 12 Years
For the overwhelming majority of Americans--and mortgage lenders and servicers--there's more good news on mortgage delinquencies and foreclosures.
Mortgage Burden Exceeds Historic Levels in 10 Large U.S. Markets
Higher home values and rising mortgage rates are eroding housing affordability for homebuyers, especially in hot West Coast markets, said Zillow Inc., Seattle.
44 Million Americans Have Tappable Equity
Black Knight, Jacksonville, Fla., said despite slower home price growth, U.S. tappable equity surpassed $6 trillion for the first time, impacting 44 million homeowners with mortgages.
Report Cites Broad Home-Equity Gains Across Minority, White Neighborhoods
Homeowners in white, minority and mixed-race neighborhoods posted substantial gains in home equity between 2012 to 2018, said Redfin, Seattle.
Home Flipping at Four-Year Low
ATTOM Data Solutions, Irvine, Calif., said with fewer homes available, home flipping in the second quarter fell to its lowest level since 2014.
CMBS Delinquency Rate Drops, Loss Severities Increase
The commercial mortgage-backed securities delinquency rate fell again in August for the sixth consecutive month, but large loans liquidated with high loss severities drove up the second quarter's loss severity figure, analysts said.
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 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.
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 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).
Top Housing Groups Push Trump Administration, Congress to Enact Permanent GSE Reform
HousingWire, Sept. 5, 2018--Ben Lane
Trade Groups Make New Push on GSE Reform
National Mortgage Professional, Sept. 5, 2018--Phil Hall
HUD Could Soon Defang Disparate-Impact Rule
Scotsman Guide, Sept. 5, 2018--Victor Whitman
The Regrets of Lewis Ranieri
Wall Street Journal, Sept. 6, 2018--Cezary Podkul (subscription)
A Legacy of the Financial Crisis? The Makings of the Next One
Washington Post, Sept. 7, 2018--Roger Lowenstein
A Decade After the Financial Crisis, Many Americans are Still Struggling to Recover
Los Angeles Times, Sept. 9, 2018--Jim Puzzanghera
The Financial Crisis Made Us Afraid of Risk-For a While
Wall Street Journal, Sept. 8, 2018--Greg Ip (subscription)
New President at Freddie Mac, CEO Leaving
Mortgage Daily, Sept. 5, 2018
Freddie Mac CEO: 'The Mortgage System is Very Safe and Sound'
Marketplace, Sept. 6, 2018--Amy Scott
Decade after Housing Crash, Fannie Mae and Freddie Mac are Uncle Sam's Cash Cows
CNBC, Sept. 6, 2018--Diana Olick
Housing Finance Overhaul Bill Has Little Chance
Bloomberg, Sept. 6, 2018--Elizabeth Dexheimer
This GSE Plan May Go Nowhere, But it Still Matters
National Mortgage News, Sept. 6, 2018--Hannah Long, Neil Haggerty (subscription)
Trump Administration Set to Dominate U.S. Housing Finance
HousingWire, Sept. 5, 2018--Jacob Gaffney
In Reg Relief Just as with Dodd-Frank, Spotlight's Trained on Fed
American Banker, Sept. 10, 2018--Neil Haggerty (subscription)
CFPB Trying to Jump Start Trial Disclosures
Mortgage Daily, Sept. 10, 2018
Would CFPB Nominee Hamstring the Agency by Slashing its Budget?
American Banker, Sept. 4, 2018--Kate Berry (subscription)
Two Lawmakers Urge CFPB, FTC to Keep Pressure on Equifax
American Banker, Sept. 7, 2018--Neil Haggerty (subscription)
We Have a Once-in-a-Generation Chance to Revamp CRA; Let's Use It
National Mortgage News, Sept. 5, 2018--Joseph Otting
Regulators Extend Comment Period for Volcker Rule Changes
American Banker, Sept. 4, 2018--Hannah Long (subscription)
CMBS Delinquencies Decline, Still Higher than Other Loan Types: MBA
National Mortgage News, Sept. 4, 2018--Brad Finkelstein (subscription)
Serious Delinquency at Fannie Lowest in Nearly 11 Years
Mortgage Daily, Sept. 4, 2018
Fannie Mae's MBS Issuance Soars to 19-Month High
Mortgage Daily, Sept. 4, 2018
Private-Label RMBS on Track to Set Post-Crisis Record
National Mortgage News, Sept. 6, 2018--Bonnie Sinnock (subscription)
Are Fintechs a Systemic Risk?
American Banker, Sept. 6, 2018--Penny Crossman (subscription)