Category: News and Trends

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“MBA and its members appreciate FHFA and the GSEs extending these important features. Both the origination flexibilities and the program to purchase loans in forbearance are providing important stability to the mortgage market during the pandemic, and today’s announcement will enable lenders to continue to make low rate mortgage financing readily available to consumers and avoid the inevitable credit tightening that would have resulted from their expiration.”
–MBA President & CEO Robert Broeksmit, CMB.

| By MBA NewsLink Staff

Mortgage Applications Down Again in MBA Weekly Survey

Mortgage applications fell for the second straight week amid little movement in interest rates, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending August 21.

| By MBA NewsLink Staff

FHFA Delays Refi Fee Implementation to Dec. 1

The Federal Housing Finance Agency this afternoon said Fannie Mae and Freddie Mac would delay implementation of a controversial Adverse Market Refinance Fee by two months, to Dec. 1.

| By Mike Sorohan

State Regulators Seek Industry Input on MLO Licensing Test

State financial service regulators launched a survey of licensed mortgage loan originators yesterday to gather information on various job functions as part of a process to validate the nationwide licensing exam.

| By MBA NewsLink Staff

Top 10 Ways to Engage with MBA CREF

It’s that time of year again. The annual renewal invoices for your trade association memberships arrive. You think about how you leveraged memberships over the past year but it’s likely that your company could have done more to get the most out of it. Here are a few suggestions on how commercial/multifamily members can effectively leverage Mortgage Bankers Association resources to get the most benefit from your firm’s membership.

| By MBA NewsLink Staff

FHFA Delays Refi Fee Implementation to Dec. 1

The Federal Housing Finance Agency this afternoon said Fannie Mae and Freddie Mac would delay implementation of a controversial Adverse Market Refinance Fee by two months, to Dec. 1.

| By Mike Sorohan

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“We welcome today’s announcement from the FHFA amending the recently announced Adverse Market Refinance Fee from Fannie Mae and Freddie Mac. Extending the effective date will permit lenders to close refinance loans that are in their pipelines and honor the rate lock commitments they made to their borrowers, ensuring that economic relief in the form of record low interest rates will continue to flow to consumers.”
–MBA President and CEO Robert Broeksmit, CMB.

| By MBA NewsLink Staff

FHFA Delays Refi Fee Implementation to Dec. 1

The Federal Housing Finance Agency this afternoon said Fannie Mae and Freddie Mac would delay implementation of a controversial Adverse Market Refinance Fee by two months, to Dec. 1.

| By Mike Sorohan

State Regulators Seek Industry Input on MLO Licensing Test

State financial service regulators launched a survey of licensed mortgage loan originators yesterday to gather information on various job functions as part of a process to validate the nationwide licensing exam.

| By MBA NewsLink Staff