ORLANDO--Mortgage Bankers Association President and CEO Robert Broeksmit, CMB, said the mortgage servicing industry needs clear and definable standards to improve customer service and reduce costs.
GSE Refi Volume Falls in 4Q; Finishes HARP with 3.5M Refis
The Federal Housing Finance Agency reported Fannie Mae and Freddie Mac completed 245,620 refinances in the fourth quarter, a slight decrease from 253,135 in the third quarter.
Fintechs Drive Personal Loans to Record Levels
TransUnion, Chicago, said personal loan balances increased by $21 billion in the past year to close 2018 at a record high $138 billion, with much of this growth driven by online loans originated by fintechs.
CMBS Supply/Demand Fundamentals Stable; Defeasance Surges
Commercial property market supply and demand fundamentals remained relatively stable in third-quarter 2018, said Moody's Investors Service, New York.
Black Knight: January Prepayment Rate at 18-Year Low
Black Knight, Jacksonville, Fla., released its January First Look Mortgage Monitor, reporting loan prepayments fell to an 18-year low as seasonal home sales reductions outweighed a rise in refinance incentives.
Closing Disclosures Continue to Cause Mortgage QC Trouble
A study from MetaSource, Salt Lake City, said closing disclosures and other requirements imposed by the Consumer Financial Protection Bureau's late 2015 enhanced disclosure rules continue to pose quality control challenges.
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 Commercial/Multifamily Servicing & Technology Conference in L.A. May 14-17
The Mortgage Bankers Association's annual Commercial/Multifamily Servicing & Technology Conference takes place May 14-17 at the J.W. Marriott L.A. Live in Los Angeles.
Mortgage Servicers to Take Center Stage in Shift to Uniform MBS
Bloomberg, Feb. 19, 2019--Christopher Maloney
Senate Panel Sets Vote on Calabria Nomination for FHFA
American Banker, Feb. 21, 2019--Neil Haggerty (subscription)
Here's Why the Housing Market Should Expect a Cash-Out Refi Boom
HousingWire, Feb. 20, 2019--Jessica Guerin
House Banking Panel to Examine Wells Fargo, CFPB in March
National Mortgage News, Feb. 25, 2019--Hannah Lang (subscription)
White House is Making Hard Job of GSE Reform Even Harder
American Banker, Feb. 19, 2019--Victoria Finkle (free article)
Why Kraninger's CFPB is Mandating Fewer Consumer Refunds
American Banker, Feb. 20, 2019--Kate Berry (subscription)
More Americans are Paying Mortgages on Time
Miami Herald, Feb. 25, 2019--Kenneth R. Harney
Addressing the Outcomes of Nonjudicial Foreclosure
DS News, Feb. 21, 2019--Donna Joseph
Why Bubble-Era Home Mortgages are a Disaster Waiting to Happen
MarketWatch, Feb. 25, 2019--Keith Jurow
Fed Prepares to End Balance Sheet Runoff Later This Year
Wall Street Journal, Feb. 20, 2019--Nick Timiraos (subscription)
Four Lessons on Federal Crisis Response from 10 Years of Foreclosure Counseling
Urban Institute, Feb. 19, 2019; Corianne Payton Scally, Camille H. Anoli, Patrick Spauster
The Eroding Barriers Between Forward and Reverse Mortgage Originators
Reverse Mortgage Daily, Feb. 19, 2019--Martin Olsen
Through Acquisition, M&T Bank Expands Mortgage Servicing Business
Buffalo Business First, Feb. 21, 2019--Alissa Kline
New Loan Allows 85% Cash Out with Less Documentation
Orange County Register, Feb. 21, 2019--Jeff Lazerson