The economic effects of the pandemic have placed strains on the day-to-day operations of servicers. An established relationship with a strategic outsourcing partner can streamline efficiency and productivity, resulting in improved scalability, increased cost savings and expertise at the ready.
Category: News and Trends
MISMO to Facilitate Liquidity, Rapid Pricing for MBS Transactions by Standardizing BWIC Exchange
MISMO®, the real estate finance industry standards organization, announced it is standardizing the bid-wanted in competition dataset format to facilitate accuracy, liquidity and rapid pricing for agency mortgage-backed securities transactions.
MBA: 3Q IMB Production Profits Increase
Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $2,594 on each loan they originated in the third quarter, up from $2,023 per loan in the second quarter, according to the Mortgage Bankers Association’s Quarterly Mortgage Bankers Performance Report.
FHFA: GSEs Sell $25 Billion in NPLs through 3Q
The Federal Housing Agency reported Fannie Mae and Freddie Mac sold nearly 131,000 non-performing loans with a total unpaid balance of $24.5 billion through June 30.
MBA Letter Offers Recommendations to FHFA Proposed Regulatory Capital Framework
The Mortgage Bankers Association, in a Nov. 23 letter to the Federal Housing Finance Agency, offered a series of recommendations to improve a proposed regulatory capital framework rule for Fannie Mae and Freddie Mac.
Quote
“Net production profit rebounded in the third quarter of 2021 after a drop-off in the second quarter, but was down more than half from the record profit one year ago.”
–Marina Walsh, CMB, MBA Vice President of Industry Analysis.
CFPB Issues RFI on Detecting Discrimination in Mortgage Lending
The Consumer Financial Protection Bureau on Nov. 16 issued a Request for Information seeking input on rules implementing the Home Mortgage Disclosure Act.
FHFA Releases 2022 Scorecard for GSEs, CSS
The Federal Housing Finance Agency on Wednesday released its 2022 Scorecard for Fannie Mae, Freddie Mac and Common Securitization Solutions LLC.
MBA Servicing Solutions Conference & Expo in Orlando Feb. 22-25
The Mortgage Bankers Association’s Servicing Solutions Conference & Expo 2022 takes place Feb. 22-25 at the Hyatt Regency Orlando.
MBA Offices Closed Nov. 25/26
Mortgage Bankers Association offices will be closed on Thursday, Nov. 25 and Friday, Nov. 26 in observance of the Thanksgiving holidays.