The Consumer Financial Protection Bureau issued an Advance Notice of Proposed Rulemaking that would end the temporary Qualified Mortgage "Patch" applicable to certain mortgage loans eligible for purchase or guarantee by Fannie Mae and Freddie Mac.
To the Point with Bob: Bipartisan Effort Helps Protect Affordable Mortgages for Veterans
In the latest edition of To the Point with Bob, MBA President and CEO Robert Broeksmit, CMB, discusses how MBA advocacy resulted in a bipartisan effort on Capitol Hill to assist the nation's veterans.
MBA, Trade Groups Offer FCC Recommendations on 'Robocalls' Policy
The Mortgage Bankers Association and nearly a dozen disparate trade associations offered the Federal Communications Commission a series of recommendations on curbing unlawful "robocalls" while preserving the ability of businesses to legitimately conduct vital business and customer services by phone.
MBA Commends Administration, Congress for Protecting Affordable Mortgages for Veterans Act
The Mortgage Bankers Association applauded President Donald Trump for signing into law the Protecting Affordable Mortgages for Veterans Act of 2019.
Ginnie Mae Solicits Feedback on Stress Testing Framework
Ginnie Mae this week published a Request for Input on the analytical framework it is developing to assess Issuer financial performance under a variety of economic environments.
Homeownership Rate, Homeowner Vacancy Rates See Slight Dip in 2Q
The national homeownership rate fell slightly in the second quarter to 64.1 percent, the Census Bureau reported yesterday.
1Q Foreclosure Auction Prices Hit Record High
Auction.com, Irvine, Calif., said average sales price for properties sold at foreclosure auction in the first quarter rose to $147,115, up 8 percent from the previous quarter and up 7 percent from a year ago to the highest level as far back as data is available.
CoreLogic: Fraud Risk Index Down Sharply in 2Q
CoreLogic, Irvine, Calif., said its National Mortgage Application Fraud Risk Index decreased significantly, from 152 in first quarter to 132 in the second quarter.
MBA Risk Management, QA and Fraud Prevention Forum in Chicago Sept. 15-17
The Mortgage Bankers Association's Risk Management, QA and Fraud Prevention Forum takes place Sept. 15-17 at the Sheraton Grand Chicago.
MBA Regulatory Compliance Conference 2019 in Washington Sept. 22-24
The Mortgage Bankers Association's annual Regulatory Compliance Conference takes place Sept. 22-24 at the Grand Hyatt in Washington, D.C. Early registration deadline is Monday, Aug. 12.
MBA Education Advanced Risk Management Concepts Workshop in Chicago Sept. 15
MBA Education presents a special edition of its Advanced Risk Management Concepts Workshop on Sunday, Sept. 15 in conjunction with the MBA Risk Management, Quality Assurance and Fraud Prevention Forum in Chicago.
MBA Education/Compliance Essentials Managing the Risks of CFPB and State Examinations Sept. 15
MBA Education and Compliance Essentials present a workshop, Managing the Risks of CFPB and State Examinations, on Sunday, Sept. 15 at the Sheraton Grand Chicago, in conjunction with the MBA Risk Management, QA and Fraud Prevention Summit.
A GSE Plan Before the Election Has Risks--But So Does Doing Nothing
National Mortgage News, July 29, 2019--Hannah Lang (subscription)
Trump's Ambitious Fannie, Freddie Overhaul Faces Hurdles
Reuters, July 16, 2019--Pete Schroeder
6 Questions on the CFPB Plan to End Fannie and Freddie's 'Patch'
American Banker, July 28, 2019--Kate Berry (free article)
Calabria on the QM Patch: Fannie, Freddie Should Be Held to Same Standards as Everyone Else
HousingWire, July 26, 2019--Kelsey Ramirez
Ginnie Mae Reveals Plans to Stress-Test Non-Bankers
HousingWire, July 29, 2019--Jessica Guerin
NY AG Sues Ditech Over Bankruptcy Filing
National Mortgage Professional, July 23, 2019--Phil Hall
MGIC Earnings Beat Foreshadows Positive Results for Other MIs
National Mortgage News, July 23, 2019--Brad Finkelstein (subscription)
House Revives Effort to Allow Nontraditional Data in Credit Scores
American Banker, July 25, 2019--Neil Haggerty (subscription)
FHA Temporarily Pulls Plug on Loan Review System Due to 'Errors and Data Loss'
HousingWire, July 25, 2019--Ben Lane
Former CFPB Official 'May Have Abused His Authority:' Inspector General
American Banker, July 29, 2019--Kate Berry (subscription)