MISMO®, the real estate finance industry’s standards organization, is calling for participants for a new development workgroup focused on defining the standard loan data fields and delivery format that lenders must provide state regulators for the loan portfolio review portion of state examination.
Category: News and Trends
Mortgage Action Alliance Issues Immediate ‘Call to Action’: Support Nationwide Use of RON
The Mortgage Bankers Association’s grassroots advocacy arm, the Mortgage Action Alliance, issued a Call to Action Monday supporting bipartisan legislation that would allow notaries in all states to perform Remote Online Notarization transactions.
FHFA Launches Office of Financial Technology
The Federal Housing Finance Agency, Washington, D.C., established the Office of Financial Technology to serve as a centralized source of information to support the agency in addressing emerging risks and advancing agency priorities related to fintech.
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“Just last week, the full House Energy and Commerce Committee passed H.R. 3962 by an overwhelming vote of 56-0.”
–MBA Senior Vice President of Legislative and Political Affairs Bill Killmer, asking Mortgage Action Alliance members to contact their U.S. Representative immediately to support H.R. 3962, the SECURE Notarization Act of 2021.
MBA Forecast: Higher Rates, Economic Uncertainty to Slow Commercial/Multifamily Lending
Total commercial and multifamily mortgage borrowing and lending could fall to $733 billion this year, down 18 percent from 2021 totals, according to an updated baseline forecast from the Mortgage Bankers Association.
ATTOM: Foreclosure Activity Jumps 219% in 1st Half of Year
ATTOM, Irvine, Calif., said foreclosure starts jumped by 219 percent in the first six months of 2022, close to pre-COVID levels.
Jeff Flory, CMB, AMP, of Baker Tilly: CFPB Increases Scrutiny of Mortgage Servicers as Pandemic Emergency Eases
Jeffrey Flory, CMB, AMP, is a principal with Baker Tilly US LLP’s financial services team. His background encompasses all aspects of mortgage lending.
FHFA: Fannie, Freddie NPL Sales at 155,000
Fannie Mae and Freddie Mac have sold nearly 155,000 non-performing loans with a total unpaid principal balance of $28.7 billion since 2014, the Federal Housing Finance Agency reported.
MBA: Share of Mortgage Loans in Forbearance Decreases Slightly in June
he Mortgage Bankers Association’s monthly Loan Monitoring Survey revealed the total number of loans now in forbearance decreased by 4 basis points from 0.85% of servicers’ portfolio volume in May to 0.81% on June 30.
HUD Updates Steps in Boosting Housing Supply
HUD last week announced a series of steps aimed at boosting housing supply, particularly in areas with minority borrowers.