In the latest entry of his blog series, To the Point with Bob, Mortgage Bankers Association President and CEO Bob Broeksmit, CMB, discusses HUD’s efforts to improve the FHA loan review process, as well as MBA’s advocacy to support those efforts.
Category: News and Trends
December New Home Purchase Mortgage Applications Dip But Finish Year Strong
The Mortgage Bankers Association this morning said mortgage applications for new home purchases in December fell by 5 percent from November but improved by nearly 39 percent from a year ago.
ATTOM: 2019 U.S. Foreclosure Activity at 15-Year Low
ATTOM Data Solutions, Irvine, Calif., released its Year-End 2019 U.S. Foreclosure Market Report, which showed foreclosure filings fell by 21 percent from 2018 and by 83 percent from a year ago.
CoreLogic: With QM GSE ‘Patch’ Set to Expire, Impact Warrants Closer Investigation
In two blog posts this week, CoreLogic, Irvine, Calif., said expiration of the Consumer Financial Protection Bureau’s Qualified Mortgage “GSE Patch” has thus far resulted in little distinction in loan delinquencies in certain rate spread categories, but noted closer investigation is warranted.
After Holiday Break, Mortgage Applications Soar in MBA Weekly Survey
The week after the holidays usually sees a sharp jump in mortgage applications activity, and last week was no exception, according to the Mortgage Bankers Association.
Jay Coomes: Advance Your Efficiency
Smoother internal processes can lead to happier consumers, increased profitability and reduced costs. Somewhere in your internal processes, you also have efficiencies to gain.
Call for Nominations: MBA NewsLink 2020 Tech All-Star Awards; Deadline Extended to Jan. 17
The Mortgage Bankers Association and MBA NewsLink are accepting nominations for the MBA NewsLink 2020 Tech All-Star Awards. The nomination deadline has been extended to Friday, Jan. 17.
Stanley C. Middleman: Are Non-banks Really a Systemic Risk?
The Financial Stability Oversight Council issued its annual report in December where it identified the growth of nonbank mortgage origination and servicing as a risk to the U.S. financial system. But is this really correct?
Mark P. Dangelo: 2020—Where Are OUR Attack Points?
In this third and final article on 2020 potential challenges, we find ourselves staring into the glassy lake. The answers on what is important reside not with prescriptive solutions offered, but beneath the surface to ensure that what is undertaken aligns with strategy and the ability of innovations to be found.
New York Fed Warns of Financial System ‘Pre-Mortem’ Cyber Risk
In a new report, the Federal Reserve of New York warns a sustained cyber attack on the U.S. financial system could result in “significant spillover” and widespread disruption.