The Mortgage Bankers Association yesterday released a new paper, The Roadmap to CFPB 2.0, which details recommendations to ensure stability and consistent consumer protections in the Consumer Financial Protection Bureau's practices and consumer financial laws.
MBA: Commercial/Multifamily Mortgage Delinquencies Remain Low in 4Q
Commercial and multifamily mortgage delinquencies remained at a low rate in the final three months of 2018, according to the Mortgage Bankers Association's 4th Quarter Commercial/Multifamily Delinquency Report.
MBA, Trade Groups Ask Agencies to Delay CECL Accounting Standard
The Mortgage Bankers Association and nearly a dozen industry trade groups asked federal agencies to delay the January 2020 implementation of controversial accounting standard, saying more analysis of potential consequences to lenders and consumers is needed.
Fannie Mae, Freddie Mac Begin Accepting Forward UMBS Trades
Fannie Mae and Freddie Mac yesterday announced they will begin accepting forward Uniform Mortgage-Backed Security trades with a trade date on or after March 12 and settlement dates on or after June 3.
CoreLogic: Underwater Homeowners Increase in 4Q
CoreLogic, Irvine, Calif., said while U.S. homeowners with mortgages saw their equity increase in the fourth quarter, the number of homeowners with negative equity increased for the first time in three years.
D.C. Residents Have Most Income After Mortgage Payment
Amid worsening affordability in the U.S., people in the Washington, D.C., metro area have the most money left over after they pay their mortgage, said Zillow Inc., Seattle.
CMBS Delinquency Rate Falls Below 3%
The commercial mortgage-backed securities delinquency rate crossed another threshold in February, falling below 3 percent for the first time since May 2009, reported Trepp, New York.
CoreLogic: December Delinquency, Foreclosure Rates at 19-Year Low
CoreLogic, Irvine, Calif., said despite elevated delinquency rates in areas affected by hurricanes and wildfires, overall delinquency and foreclosure rates fell to levels not see since 2000.
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.
MBA Education Advanced Risk Management for Pros June 3-5 in D.C.
MBA Education presents its popular Advanced Risk Management for Mortgage Pros Workshop, in conjunction with the Robert H. Smith School of Business at the University of Maryland, in Washington, D.C. June 3-5.
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 Releases 'The Roadmap to CFPB 2.0'
National Mortgage Professional, Mar. 11, 2019--Phil Hall
Q4 Commercial/Multifamily Mortgage Delinquencies Remain Low
National Mortgage Professional, Mar. 7, 2019--Phil Hall
MBA: Commercial, Multifamily Mortgages Continue Performing Historically Well
HousingWire, Mar. 8, 2019--Ben Lane
Dems Urge CFPB to Reinstate Military Lending Exams
American Banker, Mar. 5, 2019--Rachel Witkowski (subscription)
Democrats Seek Commitment for Change in CFPB Hearing
HousingWire, Mar. 7, 2019--Kelsey Ramirez
House Democrats Target CFPB Politicos, Other Mulvaney Changes in New Bill
American Banker, Mar. 6, 2019--Neil Haggerty (subscription)
Private Investors Encroach on Fannie and Freddie's Domain
Wall Street Journal, Mar. 9, 2019--Ben Eisen (subscription)
Takeaways from Trump Budget: CFPB Reform, FHA Fees and Student Loans
National Mortgage News, Mar. 11, 2019--Neil Haggerty, Kate Berry (free article)
Insurance Rates Seen Rising in Flood-Prone Areas With Trump Plan
Bloomberg, Mar. 12, 2019--Christopher Flavelle
FHFA Chief-to-Be's Top Priority: More Capital for Fannie, Freddie
National Mortgage News, Mar. 10, 2019--Hannah Lang (subscription)
Why NY Denied the FNF-Stewart Deal
The Title Report, Mar. 5, 2019 (subscription)
Housing Industry to FHFA: Go Slow on GSE Reform
HousingWire, Mar. 6, 2019--Kelsey Ramirez
Ocwen Planning to Lay Off More than 2,000 Mortgage Employees
HousingWire, Mar. 6, 2019--Ben Lane
Florida Officials Used Hardest Hit Mortgage Rellief for Luxury Hotel Stays
Tampa Bay Times, Mar. 7, 2019--Susan Taylor Martin
Mr. Cooper Group Records $136M Loss as Mortgage Rates Drop
National Mortgage News, Mar. 7, 2019--Bonnie Sinnock (subscription)
CECL Spells Trouble for Small Banks, Consumers
American Banker, Mar. 11, 2019--Blaine Luetkemeyer (free article)