The Federal Housing Finance Agency yesterday released a final rule that establishes a new regulatory capital framework for Fannie Mae and Freddie Mac.
Category: News and Trends
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“While a revised capital framework for the GSEs is a necessary step to ensure their safety and soundness, we are disappointed with several aspects of the final rule…given that this rule will affect both the cost and availability of mortgage credit for borrowers, we believe FHFA should conduct a quantitative impact study to determine the full impact of the rule.”
–MBA President & CEO Robert Broeksmit, CMB, responding to a Federal Housing Finance Agency final rule on a capital framework for Fannie Mae and Freddie Mac.
October New Home Purchase Mortgage Applications Post Strong Monthly, Yearly Gains
The Mortgage Bankers Association reported October mortgage applications for new home purchases increased by 5 percent from September and by nearly 33 percent from a year ago.
Rise in 3Q Home-Purchase Mortgages Powers Increase in Residential Lending
ATTOM Data Solutions, Irvine, Calif., reported 3.25 million mortgages secured by residential property originated in the third quarter, up 17 percent from the second quarter and 45 percent from a year ago, to the highest level in 13 years.
‘Collaboration and Trust:’ Seth Appleton on the Future of MISMO
Seth Appleton joins MISMO in December as its new President, responsible for the mortgage industry standard organization’s overall strategy and direction. He recently sat down (virtually, of course) with MBA NewsLink to discuss the future of mortgage technology/digital transformation and his vision for MISMO.
MISMO Launches CRE Property Financials Workgroup; Issues Call for Participants
MISMO®, the mortgage industry standards organization, announced a call for participants for a new workgroup focused on a standards solution for commercial real estate.
MBA: Upward Revisions to 2020, 2021 Mortgage Forecasts
The most volatile and unpredictable economy in a decade has produced the strongest housing market in more than a decade—and, according to the Mortgage Bankers Association, it could get even stronger.
FHFA Sets Final Rule for GSE Regulatory Capital Framework
The Federal Housing Finance Agency yesterday released a final rule that establishes a new regulatory capital framework for Fannie Mae and Freddie Mac.
MBA State of the Association Dec. 2
The Mortgage Bankers Association’s annual State of the Association takes place Wednesday, Dec. 2 from 3:00-4:00 p.m. ET.
Federal Agencies Hold Threshold for Smaller Loan Appraisal Requirements Exemption
The Consumer Financial Protection Bureau, Federal Reserve Board and Office of the Comptroller of the Currency announced the threshold for exempting loans from special appraisal requirements for higher-priced mortgage loans during 2021 will remain at $27,200, as it was in 2020.