HousingWire, May 21, 2018–Sarah WheelerWith several key housing appointments still vacant and uncertainty building around legislative direction after the upcoming mid-term elections, forecasting the future of housing finance is tricky.
Category: Top National News
U.S. Treasury Advocates for Financial Reform and Digitalization
HousingWire, May 21, 2018–Kelsey RamirezAt the Mortgage Bankers Association Secondary conference in New York, Treasury Counselor to the Secretary Craig Phillips touched on digital technology, and the changes it is bringing, and needs to bring, to the mortgage industry.
CFPB Signals Pullback on Discrimination Cases
National Mortgage News, May 21, 2018–Kate Berry (subscription)The Consumer Financial Protection Bureau is looking to rewrite Obama-era regulations that sought to punish banks and financial firms for unintentional discrimination.
Risk-Based Pricing for Mortgage Insurance
Mortgage Daily, May 21, 2018National Mortgage Insurance Corp. will begin offering premiums that are based a loan’s risk profile determined by a variety of underwriting factors.
HUD Kills Key Tool Used to Enforce Obama Fair Housing Rule
HousingWire, May 18, 2018–Ben LaneHUD announced late Friday afternoon that it is “withdrawing a computer assessment tool originally intended to be helpful to local governments in meeting their obligations under the Fair Housing Act to ‘affirmatively further fair housing.'”
ABA Survey Finds Reg Burden Still Holding Back Mortgage Lending
ABA Banking Journal, May 18, 2018A majority of bankers–77 percent–agree that burdensome mortgage regulations continue to have a negative effect on business production, according to the American Bankers Association’s 25th annual Real Estate Lending Survey released today. Nearly three in four said that Qualified Mortgage rules in particular have reduced credit availability.
MBA Secondary: Leaders of Big Banks and IMBs Agree–A Shakeout is Coming
HousingWire, May 20, 2018–Sarah WheelerThe mood was upbeat as the Mortgage Bankers Association Secondary Market Conference and Expo kicked off in New York City on Sunday with a panel on executive perspectives, but the message from the first panel contained a warning.
Banks Are Getting Another Volcker Rule Win
Bloomberg, May 21, 2018–Benjamin Bain, Jesse Hamilton (subscription)In their coming overhaul, the Federal Reserve and other regulators are expected to address Wall Street’s grievances against the Volcker Rule on hedging against losses.
MBA: Mortgage Delinquencies Down in Q1
HousingWire, May 17, 2018–Jeremiah JensenAccording to the Mortgage Bankers Association, foreclosures are up slightly despite delinquencies falling to pre-housing crisis lows and continuing to slide.
QM Revamp Could Mean Separate Rules for Banks, Internet Lenders
National Mortgage News, May 17, 2018–Kate Berry (subscription)Should regulators treat traditional banks and credit unions exactly the same as technology-driven lenders when vetting their mortgage underwriting standards? That is the central question to emerge following recent comments by acting Consumer Financial Protection Bureau Director Mick Mulvaney that the bureau may ease its Qualified Mortgage rule.