NEW ORLEANS—Mortgage Bankers Association President and CEO Robert Broeksmit, CMB, has worked for, and with, independent mortgage bankers. For him–and for MBA–it’s an easy sell.
Tag: Ginnie Mae
#MBAIMB20: Housing Finance Reform—What It Means for Independent Mortgage Banks
NEW ORLEANS—After years of debate, housing finance reform is no longer a far-off concept. And government housing agencies appear poised to be part of the transition.
MBA, Trade Groups Urge Caution on FHFA Proposed Changes to GSE UMBS Pooling Practices
The Mortgage Bankers Association, in a Jan. 21 letter to Federal Housing Finance Agency Director Mark Calabria, urged caution on a proposed “waterfall approach” to pooling practices used by Fannie Mae and Freddie Mac in the Uniform Mortgage-Backed Security market, saying in its current form the proposal could have a “negative effect” on market liquidity, raise borrowing costs and reduce access to credit.
MBA, Trade Groups Urge FHFA to Use Caution on Changes to GSE UMBS Pooling Practices
The Mortgage Bankers Association, in a letter to Federal Housing Finance Agency Director Mark Calabria, urged caution on a proposed “waterfall approach” to pooling practices used by Fannie Mae and Freddie Mac in the Uniform Mortgage-Backed Security market, saying in its current form the proposal could have a “negative effect” on market liquidity, raise borrowing costs and reduce access to credit.
MBA Advocacy Update
On December 23, MBA sent a letter to Ginnie Mae offering recommendations on how the agency can improve its upcoming Digital Collateral Guide. Last week, the U.S. Department of Homeland Security and the New York Department of Financial Services both issued warnings alerting companies to potential cybersecurity risks. And on December 20, the Georgia Department of Banking and Finance finalized rules regarding mortgage loan originator temporary authority.
New Regulations in VA Loans Promotes Clear Processes, Enhances Veteran Education About Home Financing and Refinancing
Ginnie Mae and the VA began drafting new lender regulations last year that would require lenders to educate veterans with more information, allowing for better decision-making in deciding on the benefit of the cost of an Interest Rate Reduction Refinancing Loan.
New Regulations in VA Loans Promotes Clear Processes, Enhances Veteran Education About Home Financing and Refinancing
Ginnie Mae and the VA began drafting new lender regulations last year that would require lenders to educate veterans with more information, allowing for better decision-making in deciding on the benefit of the cost of an Interest Rate Reduction Refinancing Loan.
New Regulations in VA Loans Promotes Clear Processes, Enhances Veteran Education About Home Financing and Refinancing
Ginnie Mae and the VA began drafting new lender regulations last year that would require lenders to educate veterans with more information, allowing for better decision-making in deciding on the benefit of the cost of an Interest Rate Reduction Refinancing Loan.
MBA Offers Recommendations to Ginnie Mae Digital Collateral Guide
The Mortgage Bankers Association, in a Dec. 23 letter to Ginnie Mae, offered a series of recommendations as the agency develops its upcoming Digital Collateral Guide.
Black Knight: First-Time Homebuyers ‘Under Pressure’ as Early-Stage Delinquencies Rise
Black Knight, Jacksonville, Fla., said nearly 1% of first quarter originations became delinquent six months post-origination. Though this represented less than one-third of the 2000-2005 delinquency average of 2.93%, it is up more than 60% over the past 24 months and the highest since 2010.