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Top National News
Here’s the Real State of the Housing Market
HousingWire, May 2, 2017--Kelsey RamírezOn the third day of the Mortgage Bankers Association National Secondary Market Conference and Expo in New York City, three economists took the stage to explain their view of the housing market and their forecast for 2017.
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GSEs Want to Do More Single-Family Rental Financing
National Mortgage News, May 2, 2017--Bonnie Sinnock (Subscription)Fannie Mae and Freddie Mac will continue to pursue opportunities to provide liquidity to the single-family rental market despite opposition from mortgage and real estate industry groups.
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The Credit Box Has Yet to be Fully Used
Scotsman Guide, May 2, 2017--Victor WhitmanFannie Mae Executive Vice President Andrew Bon Salle said Fannie has tried with a series of recent programs to open up the credit box and help lenders move closer to producing a true digital mortgage.
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Freddie Mac to Send $2.2 Billion Dividend to Treasury
Fox Business, May 2, 2017--Austen Hufford Mortgage-finance company Freddie Mac said it would send a $2.2 billion dividend payment to the U.S. Treasury, as the company posted a smaller impact from interest rates and spreads than in previous quarters.
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CMBS Delinquency Holds, But Industrial Rate Soars
Mortgage Daily, May 2, 2017Performance of securitized commercial real estate loans was slightly worse, though the outlook is stable. But late payments on industrial property loans soared, Morningstar Credit Ratings reported.
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Dip in HECM Endorsements
Mortgage Daily, May 2, 2017A modest decline was recorded for monthly production of government-insured reverse mortgages, though there was a year-over-year rise.
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Wells Fargo Revamps Lobbying Operation
Roll Call, May 2, 2017--Kate AckleyDavid Moskowitz, a lawyer and executive with Wells Fargo for 24 years, has taken the reins of the expanded shop. "He's a very honest broker," said Mortgage Bankers Association President and CEO David Stevens. "He understands the issues of the financial services industry, and he is highly trusted by everybody who works with him. I don't think they could've picked a better person for this role."
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Freddie’s Serious Delinquencies are Seriously Low
National Mortgage News, May 2, 2017--Austin Kilgore (subscription)Freddie Mac's serious delinquency rate dropped below 1% for the first time since 2008, lending credence to its efforts to expand credit access with low down payment mortgage products for consumers and representation and warranty relief for lenders.
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MBA Comes Out in Support of Financial CHOICE Act, with Some Conditions
HousingWire, May 2, 2017--Brena SwansonThe Mortgage Bankers Association, the largest trade group in the mortgage finance space, weighed in on the Republican-led Financial CHOICE Act, H.R. 10.
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Goldman Sachs Nearing $650 Million in Consumer Relief in $5 Billion Settlement
HousingWire, May 2, 2017--Ben LaneGoldman Sachs recently passed the one-third mark in its $1.8 billion consumer relief obligation that is part of the company's $5 billion settlement reached in April 2016 over toxic mortgage bonds, the settlement's monitor said in a new report.
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Nationstar Rebranding as Mr. Cooper
Mortgage Daily, May 2, 2017On Tuesday, a statement indicated that the home lender is officially rebranding to Mr. Cooper this August.
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Residential Finance News
Commercial/Multifamily News
MBA News
MBA Education School of Loan Origination July 10-Aug. 3
MBA Education hosts its popular School of Loan Origination instructor-guided online course from July 10-Aug. 3.
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MBANow: MBA’s Ken Markison Preview MBA Legal Issues Conference
The Mortgage Bankers Association released a new MBANow video on YouTube featuring MBA Vice President and Regulatory Counsel Ken Markison, who offers a preview of the upcoming MBA Legal Issues ...
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MBANow: MBA’s Ken Markison Preview MBA Legal Issues Conference
The Mortgage Bankers Association released a new MBANow video on YouTube featuring MBA Vice President and Regulatory Counsel Ken Markison, who offers a preview of the upcoming MBA Legal Issues ...
Full Story
MBANow: MBA’s Ken Markison Preview MBA Legal Issues Conference
The Mortgage Bankers Association released a new MBANow video on YouTube featuring MBA Vice President and Regulatory Counsel Ken Markison, who offers a preview of the upcoming MBA Legal Issues ...
Full Story