You've heard, of NIMBY, of course--Not In My Back Yard. Turns out, there's also YIMBY--Yes, In My Back Yard. And in this case, YIMBY is something the Mortgage Bankers Association and other industry trade groups like.
Commercial Delinquencies Should Remain Low Despite Economic Worry: MBA
National Mortgage News, Sept. 24, 2019--Brad Finkelstein (subscription)
5 Changes Lenders Want from CFPB's Rewrite of QM Rule
American Banker, Sept. 24, 2019--Hannah Lang (subscription)
Banks Counting on GSE Reform to Stop Mortgage Share Erosion
National Mortgage News, Sept. 24, 2019--Andy Peters (subscription)
Average Mortgage Payments Slide for First Time in Years
The Mortgage Reports, Sept. 24, 2019--Aly J. Yale
Mortgage Fraud Risk Plummets Amid A Drop In Interest Rates
Forbes, Sept. 25, 2019--Brenda Richardson
New York Fed Boosts Size of Repurchase Operations
Wall Street Journal, Sept. 25, 2015--Daniel Kruger (subscription)
Fitch: End of QM Patch Could Drive RMBS Losses
HousingWire, Sept. 25, 2019--Kelsey Ramirez
House Lawmakers Spar over CFPB Debt Collection Rule
American Banker, Sept. 26, 2019--Neil Haggerty (subscription)
Court Approves Ditech's Sell-Off of Forward and Reverse Mortgage Businesses
HousingWire, Sept. 26, 2019--Ben Lane
GAO Calls for More Scrutiny of Reverse Mortgage Servicing
National Mortgage News, Sept. 26, 2019--Bonnie Sinnock (subscription)
Fannie, Freddie Will Retain $45B in Capital in First Step Toward Privatization
National Mortgage News, Sept. 30, 2019-Hannah Lang (subscription)
Mortgage Market Not Open to Risky Borrowers (Despite What Some Say)
HousingWire, Oct. 1, 2019--Kelsey Ramirez
NFIP Extended Into November
National Mortgage Professional, Sept. 30, 2019--Phil Hall
MBA Backs House Bill to Support Home Shortage and Affordability Hurdles
National Mortgage News, Sept. 30, 2019--Paul Centopani (subscription)
CoreLogic: 2Q Negative Equity Share Falls to 3.8%
CoreLogic, Irvine, Calif., said U.S. homeowners with mortgages saw their equity increase by 4.8% year over year, representing a gain of nearly $428 billion from a year ago.
Ellie Mae: Refinances Soar as 30-Year Note Rate Declines
Ellie Mae, Pleasanton, Calif., said drops in 30-year interest rates for the eighth consecutive month drove up the percentage of refinances in August.
BofA Survey: Americans Prefer Mortgage over Rent
Most Americans prefer a mortgage payment to paying rent monthly, said Bank of America, Charlotte, N.C., in its yearly Homebuyer Insights Report.
Redfin: People Who Bought Homes in 2012 Have Earned $203 Billion in Equity
Redfin, Seattle, said people who bought a home at the bottom of the market in 2012 have earned a median $141,000, or 261%, in home equity since then.
Fitch: High Loan-to-Values to Drive US RMBS Losses With 'QM Patch' End
Fitch Ratings, New York, said high debt-to-income loans no longer eligible for purchase by Fannie Mae and Freddie Mac are likely to have higher loss levels if the loans also have high loan-to-values.
First American: August Loan Defects Down by 4%
First American Financial Corp., Santa Ana, Calif., said its monthly Loan Application Defect Index fell by 3.9 percent in August from July and by 5.2 percent from a year ago.
MBA Accounting & Financial Management Conference in San Diego Nov. 19-21
The Mortgage Bankers Association's Accounting & Financial Management Conference takes place Nov. 19-21 at the Marriott Marquis San Diego Marina.
MBA Education Fundamentals and Best Practices in Mortgage Accounting in San Diego Nov. 19
MBA Education presents a half-day workshop, Fundamentals and Best Practices in Mortgage Accounting, at the Marriott Marquis San Diego Marina on Tuesday, Nov. 19 in conjunction with the MBA Accounting and Financial Management Conference.
MBA Education Foundational Elements of Mortgage Servicing Rights Workshop in San Diego Nov. 19
MBA Education presents Foundational Elements of Mortgage Servicing Rights Workshop, at the Marriott Marquis San Diego Marina on Tuesday, Nov. 19 in conjunction with the MBA Accounting and Financial Management Conference.