The House Appropriations Committee is scheduled to meet this morning to consider a Fiscal Year 2020 appropriations bill that would provide FHA with Mortgage Bankers Association-supported staffing and systems upgrades.
Category: News and Trends
Defect Risk Down for 1st Time in 8 Months
First American Financial Corp., Santa Ana, Calif., said frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications decreased by 4.2 percent in April from March, marking the first monthly decline since last July.
‘Adverse Selection’ Drives Higher Losses for Legacy CMBS
Adverse selection in the commercial mortgage-backed securities 1.0 universe of pre-2009 loans drove loss severities higher last year, reported Fitch Ratings, New York.
Mortgage Action Alliance Call to Action Urgest Senate Support of Bill Limiting G-Fee Use
The Mortgage Action Alliance–the grassroots advocacy arm of the Mortgage Bankers Association–issued a Call to Action yesterday, urging its members to contact their senators in support of recently introduced legislation prohibiting Congress from using government-sponsored enterprise guaranty fees for unrelated spending.
MBA Raises Concerns over CECL Accounting Standard
The Mortgage Bankers Association, in a May 21 letter to the House Financial Services Committee, said new Current Expected Credit Loss accounting requirements to measure credit losses could adversely residential and commercial/multifamily lenders, particularly community lenders.
For Secondary Market, Economy a Big ‘What-If’
NEW YORK–Rising inequalities, sluggish growth, political tensions and central bank policy “experimentations” are having their effects on the housing market. Economists here at the Mortgage Bankers Association’s National Secondary Market Conference & Expo said these uncertainties are likely to continue in the next months.
Black Knight: Strong April Mortgage Performance Pushes National Delinquency Rate to Record Low
Black Knight, Jacksonville, Fla., said following a slow start to the year, the national delinquency rate fell by more than 5% month-over-month to 3.47%, its lowest level dating back to 2000.
Digitally Transforming Commercial Servicing Operations
LOS ANGELES–Integrating business operations, customer and employee experience and technology can digitally transform the commercial/multifamily mortgage servicing business, PwC Partner Steve Robertson said here at the MBA Commercial/Multifamily Servicing & Technology Conference.
For Secondary Market, Economy a Big ‘What-If’
NEW YORK–Rising inequalities, sluggish growth, political tensions and central bank policy “experimentations” are having their effects on the housing market. Economists here at the Mortgage Bankers Association’s National Secondary Market Conference & Expo said these uncertainties are likely to continue in the next months.
Digitally Transforming Commercial Servicing Operations
LOS ANGELES–Integrating business operations, customer and employee experience and technology can digitally transform the commercial/multifamily mortgage servicing business, PwC Partner Steve Robertson said here at the MBA Commercial/Multifamily Servicing & Technology Conference.