National Mortgage News, Nov. 11, 2019–Bonnie Sinnock (subscription)Dollar volume of mortgages guaranteed by the Department of Veterans Affairs rose nearly 9% in the past fiscal year as interest-rate reduction refinancing …
MBA Newslinks Archive
Subprime Mortgages Keep Minting Cash for Ex-Bear Stearns Banker
Bloomberg, Nov. 11, 2019–Josh SaulSubprime mortgages may have wreaked havoc on the U.S. economy over the past decade, but they have been very good to Tom Marano.https://www.bloomberg.com/news/articles/2019-11-11/subprime-mortgages-keep-minting-cash-for-ex-bear-stearns-banker
October MBA Mortgage Credit Availability Index Up 1%
Mortgage credit availability increased in October, the Mortgage Bankers Association reported this morning.
HUD Promotes Former CFPB Official Criticized for Blog Posts
National Mortgage News, Nov. 8, 2019–Hannah Lang (subscription)Eric Blankenstein, a former official at the Consumer Financial Protection Bureau whose racially charged blog posts sparked controversy, has been promoted to acting …
Accessory Units Gain Traction
UExpress, Nov. 8, 2019–Lew SichelmanFor the uninitiated, ADUs are basically small houses or apartments that are built on the same lot as a larger single-family house. They can take the …
Record Business for the Newest Mortgage Insurers in the Third Quarter
National Mortgage News, Nov. 8, 2019–Brad Finkelstein (subscription)The two newest private mortgage insurance companies had their best quarters ever for new insurance written, aided by the increase in consumers refinancing …
Fed’s Brainard Says Climate Change Might Have Implications for Neutral Interest Rate
Wall Street Journal, Nov. 8, 2019–Paul Kiernan (subscription)Federal Reserve governor Lael Brainard said the central bank is ramping up its efforts to understand the implications of climate change for monetary …
Climate Change Could End Mortgages as We Know Them
CBS News, Nov. 8, 2019–Irina IvanovaClimate change could punch a hole through the financial system by making 30-year home mortgages–the lifeblood of the American housing market–effectively unobtainable in entire regions …
Save on FedEx Shipping through MBA Member Advantage Program
Through the MBA Member Advantage Program, you can save up to 29 percent on small package shipping with FedEx. https://www.mba.org/members/member-resources/member-advantage-program?utm_source=Informz&utm_medium=Email&utm_campaign=mba.org&_zs=o2eVM1&_zl=I4M64
MBA Advocacy Update
Last Friday, MBA President and CEO Bob Broeksmit, CMB, attended a White House meeting chaired by HUD Secretary Ben Carson and attended by other senior administration officials and key industry stakeholders to discuss housing affordability. And on Monday, the Federal Housing Finance Agency announced it is seeking comment on pooling practices for Fannie Mae and Freddie Mac in the Uniform Mortgage-Backed Securities market.