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.
Mortgage News Daily, June 10, 2016–Chrisman, Rob
Are storm clouds gathering in the market for mortgage servicing rights? Some industry insiders are suggesting that it could be the perfect storm of the unintended consequences of regulation and a supply & demand mismatch.
UExpress, June 10, 2016–Sichelman, Lew
Sometimes, lenders are smart not to do business with clients whose credit scores are below 650. But, many of those with scores below that magic number are acceptable credit risks, as long as they are properly underwritten.
New York Times, June 10, 2016–Lieber, Ron
If you don’t have a reverse mortgage and don’t know anyone who does, your familiarity with the product probably comes from television commercials. So it may surprise you to learn that some community bankers are quietly offering the loans, too, bringing a kind of Main Street respectability to a product that has long lacked it.
The Hill, June 13, 2016–Stevens, David
MBA President and CEO David Stevens, CMB, said recapitalizing the GSEs without first reforming the secondary mortgage market would threaten the very housing finance system that the industry has worked so hard to sustain.
