The national homeownership rate increased to 65.1% in the final three months of 2019, the first time above 65 percent in seven years. Since bottoming out at 62.9 percent in second quarter 2016, the number of owner-occupied homes has increased by 4.5 million.
MBA Newslinks Archive
Bill Neville of LoanLogics on Regtech and Data Analytics: Past, Present and Future
Bill Neville is CEO of LoanLogics, Trevose, Pa., responsible for overseeing all company operations, technology and software development, and leading the strategies that continue the company’s growth as a regtech technology provider. In addition to his executive role, he is also a member of LoanLogics’ Board of Directors.
The Real World: Why RON Matters and What Lenders Should Expect
There are countless arguments that have been made regarding why lenders should embrace remote online notarization, but in my eyes it all boils down to a few questions every lender should be asking themselves. How do I make it more convenient for my borrowers to do business with me? How do I fully realize the benefits of an eClosing? How can we increase loan officer referrals?
People in the News
The Mortgage Bankers Association presented Stacey Berger, Executive Vice President of Midland Loan Services, with its 2020 Commercial Real Estate Finance Distinguished Service Award.
MBA NewsLink Monday, February 24, 2020
Kraninger Wants More Money for CFPB. White House Has a Different Plan
American Banker, Feb. 20, 2020–Kate Berry (subscription)The Trump administration proposes cutting personnel and other budgetary items at the bureau, while the agency’s director — who controls the purse strings and …
Wells Fargo Nears About $3 Billion Deal to End Federal Probes
Bloomberg, Feb. 20, 2020–Hannah LevittThe long-anticipated settlement would mark the largest yet from a series of scandals that claimed two chief executive officers and fueled billions of dollars in operating …
House Bill Would Extend VA Loans to Co-ops
HousingWire, Feb. 20, 2020–Kathleen HowleyReps. Carolyn Maloney, D-N.Y., and Eleanor Holmes Norton, D-D.C., introduced the bill, known as Fair Access to Co-Ops for Veterans Act. It would resurrect a five-year …
Moody’s: Weaker Non-QM Underwriting Increases Default Risk
National Mortgage Professional, Feb. 20, 2020–Phil HallInvestors are facing a new threat of default risk in residential mortgage-backed securities due to weaker underwriting in non-QM mortgages, according to a new …
Administration Nominates Dana Wade as FHA Commissioner
The Trump Administration yesterday said it intended to nominate Dana Wade as Assistant Secretary for Housing and Federal Housing Commissioner.