The Lede
Top National News
The U.S. Mortgage Market Needs Better Plumbing
Bloomberg, Mar. 25, 2019--Editorial BoardMortgage servicing was a disaster in the last crisis. It still needs fixing.
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FHA Tightening Mortgage Underwriting Standards as Credit Scores Decline
Fox Business, March 25, 2019--Brittany De LeaThe Federal Housing Administration is cracking down on riskier mortgages. The agency will put a larger share of mortgages through a more strenuous manual underwriting process after telling lenders earlier this month it plans to identify more loans as high risk.
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The View from Both Sides
Mortgage Media, Mar. 25, 2019Former CFPB deputy director and now Fenway Summer managing partner Raj Date takes an informed look at the regulatory environment, non-QM loans, and what drives financial tech successes (and failures).
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How to Benefit From Rising Home Prices
Consumer Reports, Mar. 25, 2019--Tobie StangerYou Could Drop Mortgage Insurance. Contact the company that services your mortgage and ask that mortgage insurance be removed, says Julienne Joseph, assistant director of government housing programs at the Mortgage Bankers Association.
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MBA Tech: Is It Better to Build Your Own Technology or Buy It?
HousingWire, Mar. 25, 2019--Caroline BasileA panel of multifamily and commercial real estate experts at the Mortgage Bankers Association's 2019 Technology Solutions Conference in Dallas discussed the pros and cons of developing technology versus buying a solution or tool from a vendor.
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New Data Points to Increased Homeownership Affordability
National Mortgage Professional, Mar. 25, 2019--Phil HallNationwide's latest Health of Housing Markets Report found house price appreciation has been slowing, primarily a result of higher mortgage rates. For the first time in a year, the report's proprietary Leading Index of Healthy Housing Markets forecast a positive outlook for the national housing market.
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New Privacy Rules, Digital Mortgages Broaden Cybersecurity Needs
National Mortgage News, Mar. 25, 2019--Paul Centopani (subscription)Consumers' desire for a digitized mortgage process and increased data-privacy regulation force lenders into a race to keep up with evolving cybersecurity risks extending beyond their own operations.
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Will Trump Administration Suspend GSE Housing Trust Funds?
American Banker, Mar. 25, 2019--Hannah Lang (subscription)A nearly monthlong delay in Fannie Mae and Freddie Mac's regular contribution to two affordable housing funds is prompting fears by housing advocates that the Trump administration wants to suspend the funding stream.
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Declining Mortgage Rates Champion Home-Buying Power, But For How Long?
HousingWire, Mar. 26, 2019--Alcynna LloydHome prices retreated 1.9 percent in January, First American's Real House Price Index said. The Mortgage Bankers Association reported new home mortgage applications surged 43 percent in January compared with the previous month.
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