Fannie Mae to Begin Requiring Trended Credit Data in June, With Rollout of DU 10.0

National Mortgage Professional, Mar. 7, 2016–Clemans, Terry W.
When Fannie Mae rolls out the Desktop Underwriter Version 10.0 over the weekend of June 25, the mortgage industry will begin using a powerful new tool that has been in development for more than a decade and already proven in other markets.

Mortgage Compliance in Perspective

MReport, Mar. 7, 2016–West, Xhevrije
Ocwen Chief Compliance Officer Michael Hollerich discusses compliance trends in the mortgage industry and how the nonbank servicer is creating a revitalized culture of compliance.

Why the Fed Isn’t Out of Ammo

Wall Street Journal, Mar. 7, 2016–Lahart, Justin
The Federal Reserve may actually have plenty of ammunition at its disposal for when the next downturn hits. It is just that much of it doesn’t fit any of the weapons the central bank has ever used and nobody knows what its dangers might be.

New Data Plumbs the Hipster Aspect of Housing

National Mortgage Professional, Mar. 7, 2016–Hall, Phil
Who says that housing market data has to be a dreary, quotidian experience? Two new data reports place an emphasis on the fun side of housing.

Brainard Urges Patience at Fed as Fischer Sees Inflation Signs

Bloomberg, Mar. 7, 2016–Torres, Craig
Federal Reserve Governor Lael Brainard said the U.S. economy isn’t immune to global risks and called for careful adjustments to the policy rate to preserve the expansion.

MBA Adds Lionel Lynch as VP of Strategic Member Relations

National Mortgage Professional, Mar. 7, 2016
Lynch is responsible for strengthening and managing relationships with senior executives of MBA member companies in order to maximize the value of their MBA membership and engagement.

Mortgage Delinquencies Experience Atypical January Spike

DS News, Mar. 7, 2016–Honea, Brian
Most of the news regarding housing fundamentals has been positive in the last two years or so. But mortgage delinquencies rose month-over-month in January for the first time since the housing recovery began.

Are No Fee Reverse Mortgages A Reality?

Huffington Post, Mar. 7, 2016–Lazar, Michael
Some lenders are actually competing by offering no-fee reverse mortgage loans these days, and it’s not a bad idea for the banks that are involved.

Housing Market Takes On Split Levels

Wall Street Journal, Mar. 8, 2016–Light, Joe
Lower-priced homes sell quickly while inventory on the higher end piles up.