The Consumer Financial Protection Bureau on May 2 issued a Notice of Proposed Rulemaking, which proposes to raise coverage thresholds for collecting and reporting data about closed-end mortgage loans and open-end lines of credit under the Home Mortgage Disclosure Act rules.
Fitch: U.S. RMBS Servicers ‘Scrubbing' Portfolios of Problem Loans
Fitch Ratings, New York, said U.S. residential mortgage-backed securities servicers are continuing to grow their portfolios with much cleaner products, while the volume of problematic loans continues to decline.
Black Knight: Servicing Retention at 13-Year Low
Black Knight, Jacksonville, Fla., reported the share of borrowers who remain with their prior servicer post-refinance reached record lows, creating possible challenges in an ever more competitive marketplace.
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 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.
Adjustable-Rate Mortgages are Making a Comeback. But Are These Loans Right for You?
Washington Post, May 2, 2019--Michele Lerner
CMBS Delinquency Rate Continues to Hit Post-Crisis Lows
National Mortgage Professional, May 2, 2019--Phil Hall
MERS Owner, Intercontinental Exchange, is Buying Simplifile for $335 Million
HousingWire, May 1, 2019--Jacob Gaffney
Fannie Mae's CECL Remedy May Include More Risk-Sharing
National Mortgage News, May 1, 2019--Bonnie Sinnock (subscription)
New York Launches its Own 'Mini-CFPB'
American Banker, Apr. 30, 2019--Kate Berry (subscription)
Goldman Sachs Gets Closer to Fulfilling Terms of Mortgage Settlement
National Mortgage News, May 2, 2019--Paul Centopani (subscription)
Ginnie Mae Moves to Crack Down on Repeated Refinancings
Wall Street Journal, May 3, 2019--Ben Eisen (subscription)
CFPB Accuses Two of the Nation's Largest Credit Repair Companies of Tricking and Cheating Customers
HousingWire, May 3, 2019--Ben Lane
Lenders Opening Doors to a Wider Swath of Home Buyers
The Real Deal, May 3, 2019--Kenneth R. Harney
Live Well Financial Halts Funding for New Loans
Reverse Mortgage Daily, May 3, 2019--Elizabeth Ecker
Homeowners Fault Government for Hurricane Harvey Damage
Wall Street Journal, May 6, 2019--Sara Randazzo, Dan Frosch (subscription)
PIMCO Mortgage Trust Sets Terms of IPO, to Raise About $1 Billion
MarketWatch, May 6, 2019--Tomi Kilgore