MBA Newslinks Archive
MBA NewsLink Thursday October 24, 2019
MBA NewsLink Wednesday October 23, 2019
Residential Briefs
Black Knight Inc., Jacksonville, Fla., launched Regulatory Assist, designed to help clients streamline the compliance-testing process and make compliance validation easier and quicker.
MBA, Trade Group CEO Letter Urges Policymakers to Get Housing Reform ‘Right this Time’
Mortgage Bankers Association President & CEO Robert Broeksmit, CMB, and the leaders of three other major industry trade groups penned a letter yesterday that appeared in American Banker, urging policymakers to take “thoughtful and balanced” approach to housing reform to get it “right this time.”
MBA Letter Lauds FDIC Proposed ‘Safe Harbor’ Rulemaking
The Mortgage Bankers Association, in an Oct. 21 letter to the Federal Deposit Insurance Corp., expressed strong support for a proposed rulemaking that would remove barriers for issuance of private residential mortgage-backed securities without jeopardizing safety and soundness of RMBS sponsors or investors.
MISMO Issues Draft Update to SMART Doc Implementation Guide
MISMO announced release of a draft update to its SMART Doc® Implementation Guide for member comment.
Lenders Can Drive Home their Expertise with Digital Transformation
Mortgage lenders are adjusting to operating in a fast-changing landscape that is more complex than ever. Technological advances, rising borrower expectations and the transformation of operations and compliance controls dominate the mortgage lending environment.
OCC Lacks Legal Power to Create Fintech Charter, Court Rules
American Banker, Oct. 21, 2019–Brendan Pedersen (subscription)A federal judge dealt a blow to the Office of the Comptroller of Currency’s special purpose fintech charter on Monday, ruling that the agency …
Half the World’s Banks Are Too Weak to Survive a Downturn, McKinsey Says
Bloomberg, Oct. 21, 2019–Hannah LevittMore than half of the world’s banks are too weak to survive a downturn, according to a survey from consultancy McKinsey & Co. A majority of …