During this time of the year, one area of compliance stands out as a focal point: HMDA.
Category: News and Trends
FHFA Issues Final Rule Amending GSE Regulatory Capital Framework
The Federal Housing Finance Agency published a final rule that amends the Enterprise Regulatory Capital Framework by refining the prescribed leverage buffer amount and risk-based capital treatment of retained credit risk transfer exposures for Fannie Mae and Freddie Mac.
MISMO Issues Call for Participants to Create eVault Standards
MISMO®, the real estate finance industry standards organization, on Monday issued a call for participants for a new development workgroup focused on creating eVault standards that foster interoperability among eVault providers.
MBA Recognizes Premier, Select Associate Members
The Mortgage Bankers Association is proud to recognize its Premier and Select Associate Members and thank them for their continued support of MBA and the real estate finance industry.
MBA Advocacy Update Feb. 28 2022
With Congress in recess this past week, on Thursday the Federal Housing Finance Agency had two major announcements: a long-awaited re-proposal of updates to the capital, liquidity and net worth requirements for servicers; and a final revised capital framework for the GSEs.
MBA Chart of the Week: Servicing Customer Inquiries Per Loan
In this week’s MBA Chart of the Week, we focus on borrower communications, specifically the average number of annual servicing customer inquiries per loan. MBA has tracked this data through its Servicing Operations Study and Forum since 2008.
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“While 2021 turned out to be a very good year by historical standards, the trend lines are troubling. We are in the beginning stages of a classic down cycle: Volumes are down, revenue is declining and cost per loan is going up as lenders are spreading their fixed cost base over a shrinking number of loan units. To pile on, it costs more to originate a purchase loan than a refinance due to a variety of factors.”
–STRATMOR Group Senior Partner Jim Cameron.
Servicing22: How the Pandemic Made Government Loan Programs More Nimble
ORLANDO—Perhaps the most innovative adaption in the real estate finance industry during the coronavirus pandemic came not from the mortgage industry itself, but from the historically least agile sector—government loan programs.
(Mortgage M&A Trends) Paul Anselmo: Pandemic’s Impact on Digital Processes is Fueling M&A
For nearly two decades, creating a completely digital process from application to the secondary market has been one of the mortgage industry’s greatest, most exciting and most difficult challenges. The eMortgage remains an elusive goal—but today we’re closer to it than ever.
Sundeep Mathur of Tavant: The Technology-Enabled Loan Officer
One of the primary lessons of the COVID-19 crisis was that technology is an absolute requirement for business continuity in the mortgage industry and many others. This was a harsh lesson for many as mortgage lenders do not have a solid track record of adopting new technology promptly.