The Lede

Auction.com, Irvine, Calif., said average sales price for properties sold at foreclosure auction in the first quarter rose to $147,115, up 8 percent from the previous quarter and up 7 percent from a year ago to the highest level as far back as data is available.

In the latest edition of To the Point with Bob, MBA President and CEO Robert Broeksmit, CMB, discusses how MBA advocacy resulted in a bipartisan effort on Capitol Hill to assist the nation's veterans.

CoreLogic, Irvine, Calif., said its National Mortgage Application Fraud Risk Index decreased significantly, from 152 in first quarter to 132 in the second quarter.

In the latest edition of To the Point with Bob, MBA President and CEO Robert Broeksmit, CMB, discusses how MBA advocacy resulted in a bipartisan effort on Capitol Hill to assist the nation's veterans.

In the latest edition of To the Point with Bob, MBA President and CEO Robert Broeksmit, CMB, discusses how MBA advocacy resulted in a bipartisan effort on Capitol Hill to assist the nation's veterans.

The Mortgage Bankers Association applauded President Donald Trump for signing into law the Protecting Affordable Mortgages for Veterans Act of 2019.

The Mortgage Bankers Association and nearly a dozen disparate trade associations offered the Federal Communications Commission a series of recommendations on curbing unlawful "robocalls" while preserving the ability of businesses to legitimately conduct vital business and customer services by phone.

The national homeownership rate fell slightly in the second quarter to 64.1 percent, the Census Bureau reported yesterday.

Ginnie Mae this week published a Request for Input on the analytical framework it is developing to assess Issuer financial performance under a variety of economic environments.

National Mortgage News, July 29, 2019--Hannah Lang (subscription)A consensus is building among some mortgage industry observers that the election makes it unlikely the administration will try to release Fannie Mae and Freddie Mac from conservatorship anytime soon. Yet others argue, "If not now, when?"

HousingWire, July 29, 2019--Jessica GuerinThe agency's proposed test includes the evaluation of the performance of an issuer's balance sheet, income and cashflow under adverse conditions over the course of eight quarters.

American Banker, July 29, 2019--Kate Berry (subscription)Sens. Sherrod Brown, D-Ohio, and Elizabeth Warren, D-Mass., on Monday called for the ouster of Eric Blankenstein, now a senior counsel at the Department of Housing and Urban Development. They were responding to a CFPB inspector general report that he "may have abused his authority" during the fallout last year over revelations he used a racial slur in an incendiary blog 14 years ago.

Reuters, July 16, 2019--Pete Schroeder"You're trying to reform what is the financing behind one-sixth of the economy," said Pete Mills, senior vice president at the Mortgage Bankers Association. "You've got to do it in a way that doesn't disrupt the marketplace, and that's the challenge."

American Banker, July 28, 2019--Kate Berry (free article)"The goal here is to get a version of the patch [so that] QM covers a significant percentage of the borrowers that are currently served, but applies to the market entirely," said Pete Mills, the senior vice president of residential policy at the Mortgage Bankers Association.

HousingWire, July 26, 2019--Kelsey RamirezFederal Housing Finance Agency Director Mark Calabria told HousingWire this week that he supports the Consumer Financial Protection Bureau's move to kill the Qualified Mortgage patch.

American Banker, July 25, 2019--Neil Haggerty (subscription)House lawmakers are considering legislation to expand the data included in credit reports, despite warnings that certain types of alternative credit data items could hurt consumers.

HousingWire, July 25, 2019--Ben LaneThe Federal Housing Administration's system for quality control on the loans it backs is currently offline after weeks of issues led to the inadvertent deletion of an unknown amount of data and documents.

National Mortgage Professional, July 23, 2019--Phil HallNew York Attorney General Letitia James has filed a brief in the U.S. Bankruptcy Court for the Southern District of New York seeking to prevent the bankruptcy filing by Ditech Holding Corp.

National Mortgage News, July 23, 2019--Brad Finkelstein (subscription)MGIC Investment Corp.'s second-quarter earnings coming in higher than expected can be seen as a positive for the other private mortgage insurers.