MarketWatch, Feb 25, 2020–Sunny OhA day after U.S. stock benchmarks recorded their biggest one-day selloff in two years, investors are taking shelter in the deepest, most liquid haven asset in …
MBA Newslinks Archive
New Jersey Has Highest Property Taxes in U.S.; Hawaii Has Lowest
Barrons, Feb. 25, 2020–Liz Lucking New Jersey is the most costly state in the U.S. for property taxes, WalletHub reported. Hawaii had the lowest real estate tax load, with an …
FHA Announces Changes to CWCOT Program
HousingWire, Feb. 25, 2020–Sarah WheelerFor government agencies, the road to a streamlined process is a hard slog through outdated technology, requiring battles with regulators and legislators. But that doesn’t stop …
CFPB’s Kraninger Says QM Proposal, Remittance Rule Will be Out by May
National Mortgage News, Feb. 25, 2020–Neil HaggertyThe CFPB’s director said both steps will come as part of an ongoing review of agency rules and show her “commitment under the law …
MBA Names Freddy Feliz VP of Information Technology, Chief Information Officer
The Mortgage Bankers Association announced Freddy Feliz joined the Association as Vice President of Information Technology and Chief Information Officer.
Consumer Confidence Rises Slightly
The Conference Board, New York, said its Consumer Confidence Index rose for the second straight month in February, albeit slightly.
S&P: Home Prices Continue Modest Growth
S&P Dow Jones Indices, New York, said its S&P CoreLogic Case-Shiller Indices showed home prices continue to increase at a modest rate across the U.S through the end of 2019.
#MBAServicing2020: For Servicing Industry, A Cautious Economic Outlook
ORLANDO—Low mortgage rates, improved home-building rates and a growing number of people aspiring to homeownership makes for an optimistic formula for the mortgage servicing industry, said Mortgage Bankers Association economists, despite some potential headwinds in the short term.
Equifax Launches Mortgage-Servicing Product Bundle
Mortgage Professional America, Feb. 25, 2020–Candyd Mendoza Equifax launched a package of mortgage-servicing products designed to support financial institutions throughout the loan-servicing life cycle.https://www.mpamag.com/news/equifax-launches-mortgageservicing-product-bundle-214763.aspx
California Lawmakers Want to Limit Development Fees on New Homes to Combat Housing Crisis
KABC-TV, Los Angeles–Feb. 25, 2020In an effort to combat the affordable housing crisis, state lawmakers announced a package of bills to limit development fees that can add thousands of dollars …