NEW YORK--Representatives from government housing agencies said they are making progress in breaking down barriers that discourage mortgage lenders and servicers from working with them.
For Secondary Market, Economy a Big 'What-If'
NEW YORK--Rising inequalities, sluggish growth, political tensions and central bank policy "experimentations" are having their effects on the housing market. Economists here at the Mortgage Bankers Association's National Secondary Market Conference & Expo said these uncertainties are likely to continue in the next months.
Mortgage Action Alliance Call to Action Urgest Senate Support of Bill Limiting G-Fee Use
The Mortgage Action Alliance--the grassroots advocacy arm of the Mortgage Bankers Association--issued a Call to Action yesterday, urging its members to contact their senators in support of recently introduced legislation prohibiting Congress from using government-sponsored enterprise guaranty fees for unrelated spending.
MBA Raises Concerns over CECL Accounting Standard
The Mortgage Bankers Association, in a May 21 letter to the House Financial Services Committee, said new Current Expected Credit Loss accounting requirements to measure credit losses could adversely residential and commercial/multifamily lenders, particularly community lenders.
Black Knight: Strong April Mortgage Performance Pushes National Delinquency Rate to Record Low
Black Knight, Jacksonville, Fla., said following a slow start to the year, the national delinquency rate fell by more than 5% month-over-month to 3.47%, its lowest level dating back to 2000.
Digitally Transforming Commercial Servicing Operations
LOS ANGELES--Integrating business operations, customer and employee experience and technology can digitally transform the commercial/multifamily mortgage servicing business, PwC Partner Steve Robertson said here at the MBA Commercial/Multifamily Servicing & Technology Conference.
'Adverse Selection' Drives Higher Losses for Legacy CMBS
Adverse selection in the commercial mortgage-backed securities 1.0 universe of pre-2009 loans drove loss severities higher last year, reported Fitch Ratings, New York.
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 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.
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.
Mortgage Refinance Booms are a Thing of the Past: MBA Chief Economist
National Mortgage News, May 21, 2019--Brad Finkelstein
REITs Bet Big on the Mortgage Market
Wall Street Journal, May 28, 2019--Ben Eisen (subscription)
CFPB's Kraninger Digs in Over Halt to Military Lending Exams
National Mortgage News, May 27, 2019--Kate Berry (subscription)
House Passes Waters' Bill to Reverse Mulvaney's CFPB Changes
National Mortgage Professional, May 23, 2019--Phil Hall
Senate Finalizes Deal on Disaster Aid Package
Politico, May 23, 2019--Marianne Levine, Burgess Everett
How Acting Ginnie Mae Chief is Trying to Get to the Bottom of VA Refis
National Mortgage News, May 21, 2019--Bonnie Sinnock (subscription)
GSEs in Favor of Retaining CRT Strategies, G-Fee Parity Post Reform
National Mortgage News, May 22, 2019--Bonnie Sinnock (subscription)
Should Fannie, Freddie Be Labeled 'Systemically Important?'
American Banker, May 23, 2019--Victoria Finkle (subscription)
Government Watchdog Considering Ways to Reduce Federal Costs of Reverse Mortgage Program
HousingWire, May 23, 2019--Jessica Guerin
Four Indicted in GSE Multifamily Mortgage Fraud Scheme
National Mortgage News, May 23, 2019--Bonnie Sinnock (subscription)
Freedom Mortgage to Acquire RoundPoint Mortgage Servicing
HousingWire, May 24, 2019--Jessica Guerin