On Thursday Congress passed, and the president signed into law, another short-term continuing resolution to fund the government until December 20. On Tuesday, the Federal Housing Finance Agency announced plans to repropose the agency’s rule on capital requirements for Fannie Mae and Freddie Mac in 2020. And this Sunday, November 24, the mortgage loan originator temporary authority law will go into effect.
Category: News and Trends
The Week Ahead
It’s Thanksgiving Week! And in addition to your preparations for the holidays, MBA has some food for thought this week.
MBA Chart of the Week: Percent of Loans in Foreclosure
The third quarter results of MBA’s National Delinquency Survey, released last week showed improvements in delinquency and foreclosure measures.
MISMO Seeks Public Comment on New Logical Data Model
MISMO®, the mortgage industry standards organization, announced release of an update to the MISMO Logical Data Model for a 30-day public comment period.
November Housing Report: Most Expensive Zip Codes; Opportunity Zone Price Bump; Millennial Commutes Increase
At $7 million, Atherton, Calif.’s 94027 is the most expensive zip code for the third year in a row, according to an annual report from PropertyShark, New York.
Ellie Mae: October Refis Show Strength
Ellie Mae, Pleasanton, Calif., said refinances accounted for the highest percentage of closed loans in October since March 2015.
October Existing Home Sales Post 1.9% Increase
Existing home sales rose in October, a slight recovery from the declines seen in September, the National Association of Realtors reported yesterday.
CFPB’s Fall Regulatory Agenda: LO Comp, Industry Issues on Radar Screen
The Office of Management and Budget released its Fall Regulatory Agenda, and the Consumer Financial Protection Bureau indicated that changes to Mortgage Loan Originator compensation–a long time regulatory priority of the Mortgage Bankers Association–appears to be high on the radar screen.
How Automation is Impacting Marketing
Marketing automation is the practice of using software to automate, streamline and measure repetitive tasks and workflows within the marketing discipline. It is done to help sales and marketing teams improve efficiency and increase output while providing an enhanced, more personalized customer experience.
Gaining Trust: Who is on Your Team Matters the Most
With several Federal Reserve rate cuts this year, the mortgage industry has been in a state of flux throughout 2019. As rates decreased earlier in the year, many lenders have seen record months.