The Mortgage Bankers Association launched a strategic initiative to help develop stronger and more effective affordable housing partnerships in both the policy and business arenas.
MBA, Trade Groups Urge CFPB to Raise HMDA Reporting Threshold
The Mortgage Bankers Association and a half-dozen other industry trade groups urged the Consumer Financial Protection Bureau to increase the threshold for reporting Home Mortgage Disclosure Act data on closed-end mortgage loans.
Quicken, HUD Settle Lawsuit
A federal mediator on Friday said HUD and Quicken Loans Inc., Detroit, settled an acrimonious lawsuit accusing Quicken of violating the False Claims Act.
CoreLogic: Foreclosure Inventories at 20-Year Low
CoreLogic, Irvine, Calif., said 4% of mortgages were in some stage of delinquency (30 days or more past due, including those in foreclosure) in March, an 0.3 percentage point decline from a year ago to the lowest March rate in 13 years.
ATTOM: Completed Foreclosures Down 50% from Year Ago
ATTOM Data Solutions, Irvine, Calif., reported 56,152 foreclosure filings in May, up by 1 percent from April but down by 22 percent from a year ago. Additionally, it said completed foreclosures fell by 50 percent from a year ago.
FHFA: GSEs Sell $22.2B in Non-Performing Loans in 2018
The Federal Housing Finance Agency released its report 2018 Enterprise Non-Performing Loan Sales Report, showing Fannie Mae and Freddie Mac sold 117,466 NPLs with a total unpaid principal balance of $22.2 billion through Dec. 31.
30% Of Americans Still Living Week-to-Week; 47 Million 'Worse Off' Now Than Before Recession
Despite a broad economic expansion following the Great Recession, lack of savings paints a disconcerting picture about financial preparedness in America, said Northwestern Mutual, Milwaukee, with nearly a third of U.S. adults within three paychecks of needing to either borrow money or skip paying one or more bills.
Institutional Investors Lower Their Expectations
Institutional investors lowered their expectation for commercial real estate returns, the Pension Real Estate Association's Consensus Forecast Survey reported yesterday.
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 Condominium Lending Workshop in D.C. July 18
The Mortgage Bankers Association's annual Condominium Workshop takes place Thursday, July 18 at the Marriott Marquis in Washington, D.C.
Growth of Multifamily, CRE Loan Debt Shows Strong Interest in Sector
National Mortgage News, June 12, 2019--Paul Centopani (subscription)
Fannie-Freddie Regulator Asks Congress to Help End U.S. Control
Bloomberg, June 12, 2019--Austin Weinstein
Quicken Loans Vice Chairman Bill Emerson: Government Used 'Extortionist Tactics' to Pursue 'Bogus' Claims
HousingWire, June 14, 2019--Jessica Guerin
Three Ways to Draw Private Capital Back into Mortgages
National Mortgage News, June 14, 2019--Edward DeMarco (subscription)
How an Obama Fed Appointee is Scuttling Wall Street's Bid to Ease Rules
Reuters, June 14, 2019--Pete Schroeder
CFPB to Kick Off Symposium Series with Forum on 'Abusive' Standard
American Banker, June 11, 2019--Hannah Lang (subscription)
N.Y. Attorney General Urges CFPB to Dismiss Proposed HMDA Rule
National Mortgage Professional, June 17, 2019--Phil Hall
Prepays Rise on the Combination of Lower Rates, Seasonality: KBW
National Mortgage News, June 11, 2019--Brad Finkelstein (subscription)
KKR Doubles Down on House Flippers
Wall Street Journal, June 12, 2019--Ryan Dezember (subscription)
House Poised to Advance Flood Insurance Reform, Beneficial Owner Rules
American Banker, June 12, 2019--Neil Haggerty (subscription)
House Committee Passes Bill to Make FHA Loans Less Expensive
HousingWire, June 13, 2019--Jessica Guerin
Fed Publishes Report on what Bankers Want from CRA Reform
American Banker, June 13, 2019--Kate Berry (subscription)
Dark Side of Reverse Mortgage Industry: Predatory Lending Hits Seniors
USA Today, June 13, 2019 (Editorial)
Despite Rising Home Prices, Experts Pop Bubble Fears
Bankrate.com, Jun 17, 2019--Natalie Campisi
New Piggy-Back Loans Can Lower Your Payments When Buying a Home
Orange County Register, June 14, 2019--Jeff Lazerson