Category: Top National News

The Hill, May 24, 2018–Sylvan LanePresident Trump on Thursday signed a bipartisan bill to loosen key portions of the Dodd-Frank Act of 2010, cementing the first major changes to President Obama’s landmark banking laws.

Bloomberg, May 24, 2018–Yalman Onaran (subscription)Trump signed into law on Thursday a bill that provides community and regional banks with relief, exempting them from significant oversight. Last year, he pledged to “do a big number” on the 2010 Dodd-Frank Act, the bedrock law enacted to prevent a future financial meltdown. Yet the latest move is relatively restrained, leaving most of the act intact.

National Mortgage News, May 22, 2018–Brad Finkelstein (subscription)The mortgage industry has been looking for Ginnie Mae to speak about its plans for digital mortgages, said Michael Drayne, senior vice president, issuer and portfolio management at the Mortgage Bankers Association National Secondary Market Conference in New York.

HousingWire, May 23, 2018–Sarah WheelerOne thing that stood out at the MBA Secondary Marketing conference this year was the growing appetite for non-QM loans. It’s a tough market, and the easy loans where borrowers neatly line up with qualified mortgage standards are harder and harder to find.

National Mortgage News, May 23, 2018–Bonnie Sinnock (subscription)Government-sponsored enterprises Fannie Mae and Freddie Mac are in a race to offer services and technology that help mortgage bankers raise cash from mortgage servicing rights.

National Mortgage News, May 23, 2018–Neil Haggerty (subscription)With the clock ticking down on his term as head of the Federal Housing Finance Agency, Mel Watt made clear Wednesday that he will continue implementing administrative housing finance reforms as Congress fails to achieve legislative changes.

HousingWire, May 23, 2018–Sarah WheelerThe challenges facing the mortgage market are many: a significant shortage of housing, rising interest rates and first-time homebuyers who need specialized underwriting are just the start. But leaders from Fannie Mae and Freddie Mac assured attendees at the MBA Secondary Marketing Conference on Tuesday that the GSEs were ready to partner with them to meet these challenges.

National Mortgage News, May 23, 2018–Brad Finkelstein (free story)Rising interest rates, fewer applications and tighter margins were on the minds on lenders at the 2018 Mortgage Bankers Association Secondary Market Conference in New York.

National Mortgage News, May 23, 2018–Bonnie Sinnock (free story)Digital mortgage efficiencies span from origination to the secondary market and beyond, but something as small as a low-quality image in the loan file can cause headaches with investors.

Mortgage Daily, May 23, 2018A seven-month run for year-over-year increases in mortgage delinquency came to an end last month as the number of loans in active foreclosure was the lowest in more than a decade, said Black Knight.