Fannie Mae, Washington, D.C., said expected easing trade tensions, stimulative fiscal policies and continued consumer spending spurred an upgrade to its 2020 forecast for real GDP growth of 1.9 percent.
Category: News and Trends
MBA Advocacy Update
HUD released its annual report detailing the financial condition of the FHA Mutual Mortgage Insurance Fund. And this past Tuesday, the FHFA published its semi-annual CRT Progress Report outlining the current state of the GSEs’ credit risk transfer programs, which reduce the GSEs’–and ultimately taxpayers’–exposure to mortgage credit risk.
CFPB Issues Interpretive Rule on Loan Originator Screening, Training Requirements
The Consumer Financial Protection Bureau on Friday issued an interpretive rule clarifying screening and training requirements for financial institutions that employ loan originators with temporary authority.
MBA Chart of the Week: Warehouse Lines for Loans Held for Sale
This week’s chart plots quarter-end average warehouse usage levels from inception of the MBA Warehouse Lending Survey in June 2018 through September 2019. It further compares these usage levels to MBA estimates of purchase and refinance origination volume for the respective quarters.
The Week Ahead
The Mortgage Bankers Association this morning issued a White Paper on the commercial mortgage-backed securities marketplace. For more information, see the story in this morning’s MBA NewsLink.
MBA White Paper Illustrates CMBS Market’s ‘Significant Role’ in Commercial/Multifamily Real Estate Finance
The Mortgage Bankers Association this morning released a white paper, Role of CMBS in the Financing of Commercial and Multifamily Real Estate in America, which provides an overview of the commercial mortgage-backed securities market and highlights the vital role it plays as a capital source for the financing of commercial real estate.
FHA Actuarial Report Shows MMI Fund Capital Ratio at 12-Year High
FHA released its 2019 Annual Report to Congress this morning, showing the FHA Mutual Mortgage Insurance Fund–which fell to dangerously low levels earlier in the decade–rose to its highest level since fiscal year 2007.
FHA Actuarial Report Shows MMI Fund Capital Ratio at 12-Year High
FHA released its 2019 Annual Report to Congress, showing the FHA Mutual Mortgage Insurance Fund–which fell to dangerously low levels earlier in the decade–rose to its highest level since fiscal year 2007.
Consumers Poised for Continued Strong Credit Activity
TransUnion, Chicago, said its quarterly Industry Insights Report points to several factors that portend good things for retailers this holiday season.
Redfin 3Q New Home Sales Up 5.6%
fin, Seattle, said a drop in new home sales prices sparked an uptick in new home sales in the third quarter, the second consecutive quarterly increase.