In another sign of the times that the housing market—and homeowners—have largely recovered, ATTOM Data Solutions, Irvine, Calif., said equity-rich properties now outnumber seriously underwater properties by a four-to-one margin.
Category: News and Trends
#MBAIMB20: ‘Speeches about Breaches’–Security Risks in the IMB Backyard
NEW ORLEANS—Data breaches aren’t going away. For independent mortgage banks and other financial institutions, the likelihood of being hacked is more likely “when,” not “if.”
#MBAIMB20: Housing Finance Reform—What It Means for Independent Mortgage Banks
NEW ORLEANS—After years of debate, housing finance reform is no longer a far-off concept. And government housing agencies appear poised to be part of the transition.
#MBAIMB20: Managing Change in 2020
NEW ORLEANS—Independent mortgage bankers face a lot of challenges this year: market uncertainty, new entrants and housing policy changes. But industry leaders also see a wealth of opportunities.
#MBAIMB20: MBA Carries Torch for IMBs
NEW ORLEANS—Mortgage Bankers Association President and CEO Robert Broeksmit, CMB, has worked for, and with, independent mortgage bankers. For him–and for MBA–it’s an easy sell.
FHFA Proposes Updated Minimum Financial Eligibility Requirements for Fannie Mac/Freddie Mac Seller/Servicers
The Federal Housing Finance Agency on Friday proposed updated minimum financial eligibility requirements for Fannie Mae and Freddie Mac Seller/Servicers.
MBA, Trade Groups Ask Agencies to Delay Credit Risk Retention Rule
The Mortgage Bankers Association and three dozen other industry groups sent a letter Friday to federal agencies, asking them to delay a review of the federal Credit Risk Retention final rule until the Consumer Financial Protection Bureau finalizes its Qualified Mortgage definition.
Amid Rapid Change, MISMO Adapts
With mortgage technology changing in the blink of an eye, MISMO, the Mortgage Industry Standards Maintenance Organization, is changing as well.
First American: December Fraud Risk Slows
First American Financial Corp., Santa Ana, Calif., said its monthly Loan Application Defect Index, which stabilized in November, fell again in December.
Fitch: RMBS Servicers See Opportunity in 2020 Amidst ‘Clear Challenges’
Change is coming for U.S residential mortgage-backed securities servicers in 2020 and beyond, said Fitch Ratings, New York, with perhaps the most notable one being how they are preparing for the end of LIBOR.