Urban Institute, June 9, 2016–Kaul, Karan
Today, the guarantee fees borrowers pay on mortgages backed by the GSEs are set by the Federal Housing Finance Agency. The fees do not change with market conditions, largely insulating borrowers from significant mortgage rate volatility. But in a future housing finance system, private capital (rather than the government) will bear most credit risk.
National Mortgage Professional, June 8, 2016–Hall, Phil
Five industry trade groups expressed their concern to Federal Housing Finance Agency Director Mel Watt that any reforms to the secondary market should originate in Congress and not in his regulatory agency.
HousingWire, June 8, 2016–Tozer, Ted
The author, president of Ginnie Mae, warned a lack of access to capital could severely limit the servicing capacity of independent mortgage bankers, which could in turn limit overall servicing capacity.
MarketWatch, June 8, 2016–Riquier, Andrea
A lack of trust in institutions persists after the housing crisis, says book author David Dayen.
HousingWire, June 8, 2016–Swanson, Brena
The single-family rental market comprises 13% of all occupied housing and 37% of the total rental market and is only poised for more growth from here, a white paper from the National Rental Home Council said.
Urban Institute, June 7, 2016–Lopez, Rodrigo; Still, Debra
The authors–Lopez, chairman of the Mortgage Bankers Association; and Still, a past MBA chair–said MBA and its members believe that housing finance reform must address and support affordable rental housing, broad access to credit for qualified borrowers, and a commitment to supporting underserved markets.
Scotsman Guide, June 7, 2016–Whitman, Victor
Delinquency rates for commercial loans held steady at low levels in the first quarter, while the number of troubled loans held in the much-watched category of commercial mortgage-backed securities fell steeply, the Mortgage Bankers Association reported.
National Mortgage News, June 7, 2016–Sinnock, Bonnie
With the Consumer Financial Protection Bureau expected to clarify its TILA-RESPA integrated disclosure rules in July, one question that lenders, due diligence firms and investors look to have answered is how to remain compliant when unexpected changes come up right before a closing.
National Mortgage News, June 7, 2016–Passy, Jacob
The second mortgage is on its way back, and some lenders could have an advantage in the competition for the piggyback loan business.
Scotsman Guide, June 10, 2016–Whitman, Victor
Several major groups representing the banking industry have come out against a proposed change that would require lenders to ask borrowers their language preference when applying for the nation’s most popular home loans. The Mortgage Bankers Association is among the groups.
