The Trump Administration on Thursday released its long-awaited plans on reforming government-sponsored enterprises, offering nearly 50 recommended legislative and regulatory reforms aimed at limiting the federal government's role in the secondary mortgage market.
Wells Fargo, PNC/Midland Lead MBA 2019 Mid-Year Commercial/Multifamily Servicer Rankings
The Mortgage Bankers Association released its mid-year rankings of commercial and multifamily mortgage servicers' volumes as of June 30, showing Wells Fargo Bank NA, PNC Real Estate/Midland Loan Services, KeyBank NA, Berkadia Commercial Mortgage LLC and CBRE Loan Services with highest volumes.
MBA Study: Modest Growth Anticipated in Home Equity Lending
Home equity loan debt outstanding and borrower utilization rates declined in 2018, and mortgage lenders anticipate mixed activity this year and only modest increases in originations in 2020, the Mortgage Bankers Association reported yesterday.
Black Knight: Servicer Retention Rates Improve Significantly Among Rate-Driven Refinance Transactions
Black Knight, Jacksonville, Fla., said falling interest rates and easy access to refinance candidates pushed retention rates up in second quarter, with servicers retaining 24% of refinancing borrowers, the highest such retention rate since late 2017.
Auction.com: More than Half of Foreclosure Sales to Third-Party Buyers Become Owner-Occupied
Auction.com, Irvine, Calif., said 56 percent of properties sold to third parties at foreclosure auction were owner-occupied one year after the foreclosure auction date, compared to 43 percent of properties that reverted to the lender.
Tracking Potential Multifamily Risks
Multifamily fundamentals remain healthy, demonstrated by record second quarter absorption. But the sector faces some threats, analysts said.
Low Interest Rates Spur Refinance 'Boom' for Millennials
Ellie Mae, Pleasanton, Calif., said falling interest rates in July led to an increase in Millennial refinance activity.
Dorian Marks Start of ‘Seasonal Risk' for Mortgage-Backed Securities Risk
Slow-moving, powerful Hurricane Dorian has dominated the news for nearly two weeks; now, as it moves off the East Coast and into history, analysts have begun to assess its impact.
MBA Regulatory Compliance Conference 2019 in Washington Sept. 22-24
The Mortgage Bankers Association's annual Regulatory Compliance Conference takes place Sept. 22-24 at the Grand Hyatt in Washington, D.C.
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 Education Advanced Risk Management Concepts Workshop in Chicago Sept. 15
MBA Education presents a special edition of its Advanced Risk Management Concepts Workshop on Sunday, Sept. 15 in conjunction with the MBA Risk Management, Quality Assurance and Fraud Prevention Forum in Chicago.
MBA Education/Compliance Essentials Managing the Risks of CFPB and State Examinations Sept. 15
MBA Education and Compliance Essentials present a workshop, Managing the Risks of CFPB and State Examinations, on Sunday, Sept. 15 at the Sheraton Grand Chicago, in conjunction with the MBA Risk Management, QA and Fraud Prevention Summit.
Housing Industry Rallies Around Trump's GSE Reform Plan
HousingWire, Sept. 6, 2019--Kelsey Ramirez
Did Treasury's GSE Report Move the Needle?
American Banker, Sept. 6, 2019--Hannah Lang (subscription)
Fannie, Freddie Getting Closer to Retaining Their Earnings
Wall Street Journal, Sept. 9, 2019--Kate Davidson (subscription)
How Fannie and Freddie Have Changed Since the Crisis
Wall Street Journal, Sept. 8, 2019--Ben Eisen, Andrew Ackerman (subscription)
Cheat Sheet: Trump Administration's Road Map for GSE Overhaul
National Mortgage News, Sept. 5, 2019--Hannah Lang (free article)
Enforcement Actions are Still a Tool in CFPB Arsenal, Kraninger Says
American Banker, Sept. 9, 2019--Hannah Lang (subscription)
US Mortgage Interest Tax Deductions Plummeted in 2018
24/7 Wall Street, Sept. 6, 2019--Paul Ausick
Ready to Refi? Expect It to Take Some Time
WTOP (Washington, D.C.), Sept. 3, 2019--Jeff Clabaugh
Judge Dismisses CFPB's Case Against Ocwen, But Will Let it Refile
National Mortgage News, Sept. 6, 2019--Brad Finkelstein (subscription)
Apple Cashes in on Boom in Debt Refinancing...
CNBC, Sept. 8, 2019--ERic Rosenbaum
Bank Industry Earnings Set Yet Another Record in 2Q: FDIC
American Banker, Sept. 5, 2019--Brendan Pedersen (subscription)
Has Removing Tax Lien Data from Credit Records Led to More Bad Loans?
American Banker, Sept. 3, 2019--Penny Crosman (subscription)
Home Equity Lending Set for Growth in 2020, Says MBA
Mortgage Professional America, Sept. 4, 2019--Steve Randall
Syracuse Securities to Shut Down, Hand Off Loans to Premium Mortgage
National Mortgage News, Sept. 4, 2019--Bonnie Sinnock (subscription)
FTC to Block Fidelity's Acquisition of Stewart on Competitive Grounds
National Mortgage News, Sept. 9, 2019--Brad Finkelstein (subscription)