American Banker, Oct. 5, 2016–Barba, Robert
As chief information officers plot their budgets for 2017, they have a lot to consider.
Category: Top National News
A Simpler Path to Housing Reform?
National Mortgage News, Oct. 6, 2016–Collins, Brian
Former Federal Housing Finance Agency head Ed DeMarco favors abanondoning GSE common securitization platform to use Ginnie Mae platform instead; MBA President and CEO David Stevens said proposal “broadens the debate as new Congress, Administration comes on board in January.
Why Cutting the Mortgage Interest Deduction Is No Longer a Third Rail
National Mortgage News, Oct. 7, 2016–Finkelstein, Brad
Mortgage Bankers Association CEO David Stevens noted lower-income borrowers do not itemize on their taxes and can’t take advantage of the deduction.
Is It Now Time to Finally Raise Conforming Loan Limits?
HousingWire, Oct. 7, 2016–Swanson, Brena
Mat Ishbia of United Wholesale Mortgage suggests market could handle an increase of up to $12,000.
All Signs Point to FHFA Raising Conforming Loan Limits in 2017
HousingWire, Oct. 7, 2016–Swanson, Brena
According to the Mortgage Bankers Association, in the second quarter the FHFA’s house price index was almost identical to the level of the index in third quarter 2007.
These Government-Approved High-Interest Green Loans are Turning Mortgage Lending Upside Down
MarketWatch, Oct. 10, 2016–Riquier, Andrea
“This is not sound lending practice,” said Pete Mills, who heads residential policy for the Mortgage Bankers Association, on the FHA Property Assessed Clean Energy program, or PACE.
CFPB Will Allow New Fannie, Freddie Mortgage Application
HousingWire, Oct. 10, 2016–Ramirez, Kelsey
Allows more race-based questions beginning 2017.
Trulia: Homeowners Dropping Property Insurance as Prices Rise
HousingWire, Oct. 10, 2016–Ramirez, Kelsey
Southeast sees highest rates in the nation.
Servicers Face New Requirements on NY Vacant REOs
Mortgage Daily, Oct. 10, 2016–Marks, Alfred; Parlapiano, Christina; Neuner, Jennifer
The authors, with Day Pitney LLP, say new law in New York imposes new duties on mortgage servicers or their agents regarding abandoned foreclosed properties.
U.S. Commercial, Multifamily Mortgage Debt Hits $2.9 Trillion in Mid 2016
World Property Journal, Sept. 27, 2016–Gerrity, Michael
Mortgage Bankers Association reports commercial and multifamily mortgage debt outstanding increased by $39.9 billion in the second quarter of 2016, as three of the four major investor groups increased their holdings.