“The significant legal uncertainty and prospects for a wave of litigation brought on by consumers, government agencies and other industry participants would be catastrophic to the housing market and detrimental to all mortgage borrowers.”
–From an MBA/trade group amici brief to the U.S. Supreme Court urging discretion in a case questioning the constitutionality of how the Consumer Financial Protection Bureau is funded.
On Wednesday, the Federal Housing Finance Agency announced that it is rescinding the debt-to-income-based loan-level pricing adjustment that was part of the updates to Fannie Mae’s and Freddie Mac’s pricing grids announced in January.
This week’s chart shows that mortgage delinquencies and the unemployment rate continue to track each other closely.
Risk management is a critical aspect of banking and mortgage operations. However, one area that often draws resistance is risk management controls. The concept may seem intimidating or overwhelming, but when you break down the components, you’ll find risk management controls aren’t nearly as complicated as you think.
CHICAGO–Real estate has always been a cyclical industry, so we can learn a lot from past downturns, panelists noted here at the MBA Commercial/Multifamily Finance Servicing and Technology Conference.
I was listening to a panel of industry executives when it occurred to me something incredibly important was missing from the conversation topics. The all-important intangible component, the dream of home ownership. The dream you ask? More on what I mean in just a minute.
mba.org has been chosen as one of three finalists for the 2023 Sitefinity Website of the Year Awards. MBA members can vote to ensure mba.org is the winner.
CHICAGO–Total commercial and multifamily mortgage borrowing and lending is expected to fall to $654 billion this year, a 20 percent decline from $816 billion in 2022, according to an updated baseline forecast released here by the Mortgage Bankers Association
On Wednesday, the Federal Housing Finance Agency announced that it is rescinding the debt-to-income-based loan-level pricing adjustment that was part of the updates to Fannie Mae’s and Freddie Mac’s pricing grids announced in January.
This week’s chart shows that mortgage delinquencies and the unemployment rate continue to track each other closely.
