Wall Street Journal, Jan. 24, 2020–Orla McCaffrey (subscription)The mortgage market in 2019 had its best year since the height of the precrisis boom, the latest sign that housing is firming …
Category: Top National News
Independent Mortgage Bankers Conference Preview
Mortgage Media, Jan. 23, 2020The MBA Independent Mortgage Bankers Conference, February 3 – 6 in New Orleans, offers IMBs a chance to expand their network, grow their business and have …
FHA Appoints New Deputy Assistant Secretary of Single Family Housing
Reverse Mortgage Daily, Jan. 24, FHA appointed Joseph M. (Joe) Gormley as the Deputy Assistant Secretary for the Office of Single Family Housing. Gormley prevously served as associate regulatory counsel …
MBA to CFPB: Now, About TRID…
National Mortgage Professional, Jan. 24, 2020–Phil HallThe Mortgage Bankers Association is raising concerns with the Consumer Financial Protection Bureau regarding the effectiveness of its TRID Integrated Disclosure Rule.https://nationalmortgageprofessional.com/news/73600/cfpb-about-trid
CFA: Disclosure Laws Fall Short
UExpress, Jan. 24, 2020–Lew Sichelman The nonprofit Consumer Federation of America has once again come down hard on real estate disclosure laws. This time, the group is calling on states …
Goldman Sachs: No-Go for IPOs If All Bros
HousingWire, Jan. 23, 2020–Kathleen HowleyGoldman Sachs is taking a stand against “bro culture” on startup boards. Speaking on Thursday at the World Economic Forum in Davos, Switzerland, Solomon said Goldman …
New FICO Score May Reduce Mortgage Defaults, But Will the GSEs Use It?
National Mortgage News, Jan. 23, 2020–Bonnie Sinnock (subscription)FICO plans to release a new suite of scores that could reduce defaults on newly originated mortgages by 17%, but home lenders may …
Luxury Manhattan Home Prices at Six-Year Low
National Mortgage Professional, Jan. 23, 2020–Phil HallThe most expensive homes in one of the nation’s most expensive housing markets fell to their lowest level since 2013, according to the StreetEasy …
MBA, SIFMA Seek Alternatives to UMBS Pooling Changes
Asset Securitization Report, Jan. 23, 2020–Bonnie Sinnock (subscription)Trade associations representing mortgage lenders and securities market participants are asking the Federal Housing Finance Agency to rethink a plan to restrict pooling …
(Column) FHA Commissioner Montgomery, Leave Down Payment Assistance Alone
Orange County Register, Jan. 23, 2020–Jeff LazersonThe columnist urges FHA to rescind its Mortgagee Letter that could hamper a Housing Finance Agency from recouping down payment funds it advances to …