NEW ORLEANS–Making sure originators and servicers are on the same page–on a variety of topics–is helpful to avoid issues down the road, panelists said during a discussion at the Mortgage Bankers Association Commercial/Multifamily Finance Servicing and Technology Conference May 21.
Category: News and Trends
Acting HUD Secretary Todman Talks Housing, e-Notes, Assumable Mortgages #MBASecondary
NEW YORK–This is an unusual time to work in housing, Acting Secretary of the U.S. Department of Housing and Urban Development Adrianne Todman said here at MBA’s Secondary and Capital Markets Conference and Expo.
MBA Asks FHFA to Address Outstanding Questions Before Approving Freddie Mac Second Mortgage Proposal
The Mortgage Bankers Association posed several questions to the Federal Housing Finance Agency about Freddie Mac’s proposed purchase of single-family closed-end second mortgages.
TransUnion Finds Consumer Credit Appetite Remains High
The consumer credit market remains resilient in the face of a challenging economic environment, according to TransUnion, Chicago.
Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications increased 1.9% from one week earlier, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending May 17, 2024.
Veterans Affairs Department to Address Veterans’ Buyer Commission Prohibition
NEW YORK–The U.S. Department of Veterans Affairs will issue a circular by June 12 that “bridges the gap” on the buyer commission prohibition–a move for which MBA has advocated for months and welcomes.
MBA Premier Member Profile: BeSmartee
(One in a continuing series of profiles of Premier Members of the Mortgage Bankers Association.)
CONVERGENCE Columbus Celebrates New ‘Rise Up’ Homebuyer Program
CONVERGENCE Columbus recently celebrated the launch of Rise Up, a program funded by $5.5 million from the Federal Home Loan Bank of Cincinnati.
Quote: May 23, 2024
“We know the higher cost of housing and lack of inventory have kept a lot of potential borrowers from entering the market and attaining homeownership. We know this makes the business of housing finance more complex. We also know that the moment before us calls for bold and decisive action.”
–Adrianne Todman, Acting Secretary of Housing and Urban Development
MBA NewsLink Q&A: BSI Financial’s Larry Goldstone Discusses MSRs
MBA NewsLink interviewed BSI Financial Services’ Larry Goldstone about mortgage servicing rights values and profitability in 2024.