CoreLogic, Irvine, Calif., said just 3.7% of mortgages were in some stage of delinquency in August, down by 0.2 percent from a year ago to its lowest rate since 1999.
MBA Newslinks Archive
Congress Considers Fix to QM Patch
HousingWire, Nov. 11, 2019–Kathleen HowleyCongress will consider legislation on Wednesday to fix the so-called QM Patch that permits some loans to borrowers with high debt levels to be considered Qualified …
Jerome Powell’s Narrow Path to a Second Term as Fed Chair
American Banker, Nov. 10, 2019–John Heltman (subscription)With more than two years left in his term as Federal Reserve chairman, Jerome Powell finds himself in a unique bind: Neither the president …
Zillow Experiences Growing Pains as It Moves from Listing Homes to Buying Them
HousingWire, Nov. 11, 2019–Julia FalconWhile the company is seeing positive results in terms of growth and revenue generation, Zillow is also experiencing some serious financial growing pains as it expands.https://www.housingwire.com/articles/zillow-experiences-growing-pains-as-it-moves-from-listing-houses-to-buying-them/
VA Mortgage Lending Increases Almost 9% as Refinancing Rebounds
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 …
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 …