MBA Newslink Tuesday 6-18-19

“We are continuing to see a downward trend with overall foreclosure activity, especially in completed foreclosures declining year after year.” –Todd Teta, chief product officer with ATTOM Data Solutions, Irvine, Calif.

MBA Newslink Monday 6-17-19

“All parties fully understand the important role the FHA program plays in helping middle-class Americans access home financing, and this resolution allows the parties to move ahead together with that mission and to ensure their future relationship.”–Retired Judge Gerald E. Rosen, who mediated a dispute between HUD and Quicken Loans that settled Friday.

MBA Newslink Friday 6-14-19

“To tackle the housing affordability crisis, we need public-private partnerships to help bring the price point down to create more affordable housing, more supply overall to address the critical housing shortage, including by reducing the regulatory cost of building a home and an increase in direct assistance to renters. It’s more effective to tie assistance to a renter rather than a rental unit.”–From an industry trade letter, signed on by MBA, opposing a California bill that would impose new rent control standards statewide.

MBA Newslink Thursday 6-13-19

“The lack of affordable housing is presenting significant challenges to families across the country. We need to explore how the lending community can better partner with public, private and non-profit stakeholders to ensure more Americans have access to homes they can afford.As the trade association representing the full breadth and depth of the mortgage lending community, MBA should, and will, be a leader in finding innovative solutions.”–MBA President and CEO Robert D. Broeksmit, CMB.

MBA Newslink Tuesday 6-11-19

“Government credit supply continues to decline since peaking in 2017, as there are fewer streamlined refinance programs being offered.”–Joel Kan, MBA Associate Vice President of Economic and Industry Forecasting.

MBA Newslink Wednesday 6-12-19

“Mortgage rates for all loan types fell by a sizeable margin for the second straight week, pulled down by trade tensions with China and Mexico, the financial markets reacting to more bearish communication from several Fed officials and weaker than expected hiring in May. Despite the less positive outlook, both purchase and refinance applications surged, driven mainly by these lower rates.”–Joel Kan, MBA Associate Vice President of Economic and Industry Forecasting.

MBA Newslink Monday 6-10-19

“Commercial and multifamily mortgage delinquencies remain at or near record lows for most capital sources, and it’s hard to imagine loans performing better than they currently do.”–MBA Vice President of Commercial Real Estate Research Jamie Woodwell.

MBA Newslink Friday 6-7-19

“As the industry moves closer to a potential sunset of LIBOR, MBA is taking the lead to help its members communicate to consumers how the switch to a new index would affect them if they choose a LIBOR-indexed adjustable-rate mortgage product. The disclosure template is one of the many ongoing steps that MBA is taking well in advance to ensure a smooth transition away from LIBOR.”–Pete Mills, MBA Senior Vice President of Residential Policy and Member Services.

MBA Newslink Thursday 6-6-19

“Independent mortgage bankers experienced improvements in the first three months of the year. This was a welcoming sign following a very difficult end of 2018, in which profitability reached its lowest level since our survey’s inception in 2008.”–MBA Vice President of Industry Analysis Marina Walsh.

MBA Newslink Wednesday 6-5-19

“Under Lisa’s leadership, MBA has made strides to ensure our industry’s workforce reflects and understands the increasingly diverse consumers we serve in communities across America.”–Marcia Davies, MBA Chief Operating Officer and founder of mPower, about MBA Chief Financial and Diversity and Inclusion Officer Lisa Haynes, who was presented with the 2019 Diversity & Inclusion Award by the Council for Inclusion in Financial Services.