The Lede

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MBA Asks VA to Delay Cash-Out Refi Rule Enforcement
National Mortgage Professional, Jan. 25, 2019--Phil Halln a letter to the VA, MBA President and CEO Robert Broeksmit cited a "significant operational challenge" in the new VA disclosures that would impose required borrower disclosures which are not readily available to MBA member lenders offering such refinance loans.
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‘Dirt’ vs. Inventory Houses
UExpress, Jan. 25, 2019--Lew SichelmanThere's no question that purchasing a newly constructed house is an exciting time. But if time is of the essence, consider buying a house out the builder's inventory of finished but unsold homes.
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CECL Talks Could Get Heated as Detractors Weigh In
American Banker, Jan. 25, 2019--John Reosti (subscription)Members of the Financial Accounting Standards Board could be in for an earful Monday. FASB will hold a highly anticipated roundtable at its Norwalk, Conn., headquarters to discuss the Current Expected Credit Loss accounting standard.
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Independent Mortgage Banks Foster Competition and Access to the Housing Market
National Mortgage News, Jan. 25, 2019--Robert Broeksmit, CMB (free article)MBA President and CEO Robert Broeksmit, CMB, illustrates how independent mortgage banks have been instrumental in helping to fill the void left by the many traditional bank lenders that have retreated from government lending programs and the overall mortgage market since the downturn.
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Bucking the Trend, SB Financial Increased Originations in ‘18
The Mortgage Leader, Jan. 25, 2019SB Financial Group Inc. increased mortgage origination volume in 2018, though the business environment was challenging for lenders. The bank originated mortgage origination volume of $342.1 million, an increase of $26.3 million, or 8.3 percent, compared with 2017.
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