Category: News and Trends

WASHINGTON, D.C.–HUD General Counsel J. Paul Compton Jr. said his first job is to “make sure the trains run on time.” But he also noted that the department is committed to smoothing out bumps, including regulatory hurdles that inhibit lenders’ ability to serve customers effectively.

WASHINGTON, D.C.–It’s an extraordinary environment in the Nation’s Capital right now (let’s just leave it at that). But behind the scenes, and in the halls of regulatory agencies and Congress, says Mortgage Bankers Association President and CEO Robert Broeksmit, CMB, the real estate finance industry’s efforts are starting to bear fruit.

WASHINGTON, D.C.–HUD General Counsel J. Paul Compton Jr. said his first job is to “make sure the trains run on time.” But he also noted that the department is committed to smoothing out bumps, including regulatory hurdles that inhibit lenders’ ability to serve customers effectively.

Quicken Loans, Detroit, said its National Home Price Perception Index showed perceptions between appraised values and homeowner estimates remained close and held steady in August.

The Federal Housing Finance Agency yesterday issued a proposed rule to require Fannie Mae and Freddie Mac to align programs, policies and practices that affect prepayment rates of “To-Be-Announced”-eligible mortgage-backed securities.

The Consumer Financial Protection Bureau yesterday issued an interim rule updating two model disclosures to reflect changes made to the Fair Credit Reporting Act by the Economic Growth, Regulatory Relief and Consumer Protection Act.

CoreLogic, Irvine, Calif., reported a 12.4 percent year-over-year increase in fraud risk at the end of the second quarter, the seventh consecutive quarterly increase.

In a letter to the Department of Agriculture, the Mortgage Bankers Association offered a series of recommendations on a proposed Guarantee Systems User Fee in the Rural Housing Service’s Single-Family Section 502 Guaranteed Loan Program.

For the overwhelming majority of Americans–and mortgage lenders and servicers–there’s more good news on mortgage delinquencies and foreclosures.

The commercial mortgage-backed securities delinquency rate fell again in August for the sixth consecutive month, but large loans liquidated with high loss severities drove up the second quarter’s loss severity figure, analysts said.