National Mortgage News, July 1, 2022–Bonnie Sinnock (subscription)The Federal Housing Finance Agency is moving ahead with a controversial new charge for now, but it’s simultaneously exploring alternatives that may include …
Group Newslink: MBA Servicing NewsLink Tuesday July 5 2022
MBA Education Webinar July 12: Latest on Anti-Money Laundering Regulations and Impact of Economic Sanctions
MBA Education presents a webinar, Latest on AML Regulations and Impact of Economic Sanctions, on Tuesday, July 12 from 3:00-4:00 p.m. ET. Anti-Money Laundering trends and risks are constantly evolving. …
Mortgage Market Tumult Pushes Pimco-Backed Home Lender Into Chapter 11
Wall Street Journal Pro, June 30, 2022–Becky Yerak (subscription)Residential lender First Guaranty Mortgage Corp. filed for bankruptcy, citing worsening conditions in the mortgage market as home sales slow and fewer …
Possible New AML Regulations for Real Estate Sector Will Require Extra Diligence
JDSupra, June 30, 2022–Danielle KnightThe real estate sector looks to be coming under increased scrutiny from government regulators and enforcement agencies for its compliance with anti-money laundering and reporting obligationshttps://www.jdsupra.com/legalnews/possible-new-aml-regulations-for-real-3257283/
MBA School of Mortgage Banking I Online July 11-Aug. 4
MBA Education presents its popular School of Mortgage Banking I online from July 11-Aug. 4. School of Mortgage Banking I emphasizes the interrelated roles of the functions within a residential …
Loan Mods More Than Doubled in Q1, Narrowing Gap With Deferrals
National Mortgage News, June 29, 2022–Bonnie Sinnock (subscription)Loan modification numbers at government-sponsored enterprises Fannie Mae and Freddie Mac expanded notably in the first quarter, confirming other recent studies that suggest …
FHA Commissioner Works Toward Affordable Housing Amid Extraordinary Conditions
DSNews/Forbes Advisor, June 29, 2022Nearing the 60-day mark as the country’s newest Federal Housing Administration Commissioner, Julia Gordon is continuing on her mission of getting people into affordable housing, but …
Refinance Apps Are 80% Below Their 2021 Level
National Mortgage News, June 29, 2022–Spencer Lee (subscription)Mortgage activity edged up by a fraction over the holiday week, as refinances increased but now sit at just one-fifth of their volume …
Save on FedEx Shipping through MBA Member Advantage Program
Through the MBA Member Advantage Program, you can save up to 29 percent on small package shipping with FedEx. For more information, click here.
Prestwick puts $1.6B in Mortgage Servicing Rights Up for Bid
National Mortgage News, June 28, 2022–Bonnie Sinnock (subscription)A $1.6 billion portfolio of servicing rights with some unusual geographic concentrations and a nearly 2.63% delinquency rate went up for bid Tuesday, …