MBA Newslinks Archive

“We believe that inclusion of such a question would be premature and potentially harmful to a lender or servicer’s relationship with their customer. The borrower might have expectations about service in another language that a lender or servicer cannot provide, or a borrower might erroneously believe the lender intended to discriminate against them or otherwise treat them differently. Neither outcome is consistent with the type of customer service we know MBA members strive to provide.”–MBA Senior Vice President of Legislative and Political Affairs Bill Killmer.

“The ultimate regulator is yourself. Responsible lending starts not with how many regulators you have, but how responsibly you manage and run the organization.”–Sanjiv Das, CEO of Caliber Home Loans, Irving, Texas.

“While the month-to-month fluctuations prevent us from definitively calling this a development slowdown, we can certainly point to a significantly lower growth rate year-over-year in identifying such a trend. Regardless, there will still be plenty of construction and planning activity even with occupancy levels heading toward negative territory.”–STR Senior Vice President of Operations Bobby Bowers.

“It’s a tale of two generations. In America’s most expensive housing markets millennials struggle to find affordable housing. Meanwhile, nine in 10 retirement-age baby boomers and older Americans want to stay in their homes even as costs rise.”–Cameron Simon, housing data analyst with Trulia, San Francisco.

“We believe this plan will lead to a more stable system that protects taxpayers while also promoting broad credit availability in a primary market featuring lenders of all sizes and business models. Our plan features a number of provisions specifically designed to protect small and mid-sized lender access to the secondary market.”–MBA President and CEO David Stevens, CMB, in a letter to the Senate Banking Committee supporting GSE reform protections for small and mid-sized lenders.

“There is so much talk about millennials but it’s important to know that diversity is really the major calling card of the millennial generation. Over 40% of millennials are from diverse backgrounds. When you look at the Latino market, more than 60% are under the age of 33! If a company wants to only focus on millennials, they are not realizing that you can’t do it without a diversity strategy as well.”–L. Maria Zywiciel of NAHREP Consulting Services.

“By clarifying that private coverage satisfies the continuous coverage requirement, S. 563 and H.R. 1422 will help to make these policies a more viable option for consumers.”–From an MBA/trade group letter urging Congress to pass legislation to modify the National Flood Insurance Program.

“We are at the part of the season where housing market activity normally begins to slacken and this was true for mortgage applications for new homes in June. That said, activity was up by 10 percent relative to one year ago.”–MBA Vice President of Research and Economics Lynn Fisher.

“Mortgage credit availability increased slightly by 0.1 percent in June lifted by expansion among jumbo loan programs and additional availability of affordable conforming loan programs.”–MBA Vice President of Research and Economics Lynn Fisher.

“Many independent mortgage companies are now holding loans and holding the servicing rights on those loans, which means they have servicing operations as well. With an increase in interest rates, valuation of servicing rights increase, which improves profitability.” –MBA Vice President of Industry Analysis Marina Walsh, in a new MBANow video.