The Consumer Financial Protection Bureau last week announced Mortgage Bankers Association-supported changes to its Civil Investigative Demands policies to ensure they provide more information about the potentially wrongful conduct under investigation.
Homeownership Rate Drops for 1st Time in 2 Years
The Census Bureau yesterday said the U.S. homeownership rate fell for the first time in two years amid market volatility and a decline in consumer confidence.
'Below-Average' Home Remodeling Growth Expected by 2020
Home remodeling has been on an extended kick the past few years, with more homeowners opting to stay in their homes longer amid rising home prices and housing inventory shortages. Now, several forecasts see a slowdown in remodeling activity--which, for the mortgage industry, might not be such a bad thing.
Home Insurance Rates Increase Follow the (Disaster) Pattern
Home insurance rates have increased in every state over the past decade--but the biggest increases have occurred in states one might not associate with high-profile disasters.
Study: Black, Hispanic Communities Still Reeling from Foreclosure Crisis
More than 10 years past the Great Recession, African-American and Hispanic communities hit hard by foreclosures have yet to fully recover, said Zillow, Seattle.
Home Sellers' 1Q Price Gains Average $57,500; Home Tenure Dips
ATTOM Data Solutions, Irvine, Calif., said homeowners who sold in the first quarter realized an average price gain of $57,500 since purchase, representing an average 31.5 percent return on the purchase price.
MBA Legal Issues & Regulatory Compliance Conference in New Orleans May 5-8
The Mortgage Bankers Association's Legal Issues & Regulatory Compliance Conference takes place May 5-8 at the Hyatt Regency New Orleans.
MBA National Secondary Market Conference & Expo May 19-22
The Mortgage Bankers Association's National Secondary Market Conference & Expo returns to the New York Marriott Marquis May 19-22.
MBA Document Custody Workshop June 20
The Mortgage Bankers Association's popular Document Custody Workshop takes place Thursday, June 20 at the Ritz-Carlton Tysons Corner in McLean, Va.
Waters' CFPB Bill Being Readied for House Consideration
National Mortgage Professional, Apr. 26, 2019--Phil Hall
Critics Fear Shift at CFPB Will Let Firms Off the Hook
American Banker, Apr. 29, 2019--Kate Berry (subscription)
Urban Institute Urges CFPB to Release More Data on Multifamily Lendng
HousingWire, Apr. 26, 2019--Jessica Guerin
CFPB Announces Debt Collection Town Hall as it Preps New Proposal
National Mortgage News, APr. 29, 2019--Kate Berry (subscription)
GE's WMC Mortgage Unit, Felled By Financial Crisis, Files Chapter 11 Bankruptcy
Reuters, Apr. 23, 2019--Jonathan Stempel
OCC Official Tied to Wells Fargo Scandal Lands Role Overseeing MidSize Banks
American Banker, Apr. 24, 2019--Kevin Wack (subscription)
Wall Street Tells Mortgage Buyers Wider Spreads Are a Point of Entry
Bloomberg, Apr. 23, 2019--Christopher Maloney
Mortgage Fraud Risk Rises for Ninth Consecutive Quarter
24/7 Wall Street, Apr. 29, 2019--Paul Ausick
Victims of Reverse Mortgage Scam Want Protection from Ditech Bankruptcy
HousingWire, Apr. 23, 2019--Jessica Guerin
Boomerang Buyers: More People Who Lost Homes During Housing Crisis Are Buying Again
USA Today, Apr. 25, 2019--Paul Davidson
Morgan Stanley to Pay California $150 Million Over Mortgage Crisis Claims
New York Times, Apr. 25, 2019--Stacy Cowley
CMBS Market Update
Commercial Property Executive, Apr. 24, 2019--Jeffrey Steele
Commercial Mortgages Put into Special Servicing Increased in 2018
National Mortgage News, Apr. 29, 2019--Brad Finkelstein (subscription)