The Mortgage Bankers Association said the Consumer Financial Protection Bureau should improve its delivery channels for dissemination of its financial education programs and eliminate its flawed “rate-checker” tool for consumers.
Category: News and Trends
Mulvaney Taps Brian Johnson as Bureau Acting Deputy Director
It’s been a busy few weeks at the Bureau of Consumer Financial Protection/Consumer Financial Protection Bureau, personnel-wise.
Despite Record Tappable Equity, Borrowing Hits 4-Year Low
Black Knight, Jacksonville, Fla., said despite record-setting levels of “tappable” equity growth in the first quarter, the share of total equity withdrawn by borrowers hit a four-year low.
CRE Transparency Improves Globally; U.S. ‘Most Transparent’
JLL, Chicago, said governments worldwide have been gradually forging greater transparency in real estate markets, addressing growing demands from investors and the public to deliver significant change.
Bureau Says It Will Line up HMDA Exemptions with New Reg Relief Law
The Consumer Financial Protection Bureau yesterday issued a statement signaling its intent to align its Home Mortgage Disclosure Act policies with the recently passed Economic Growth, Regulatory Relief and Consumer Protection Act.
Fitch: U.S. RMBS Rep & Warranties Have ‘Room for Improvement
Fitch Ratings, New York, said some new U.S. residential mortgage-backed securities deals are coming to market of late with rep and warranty frameworks that are showing signs of slippage at a time when they should be taking on greater importance.
CMBS Market in ‘Dog Years’
Conventional wisdom suggests the commercial real estate marketplace operates in 10-year cycles–of which 2018 is Year 10. But new reports on commercial mortgage-backed securities performance indicate a market more in mid-cycle form.
Loan Application Defect, Fraud Risk Drops as Home Purchases Improve Share
First American Financial Corp., Santa Ana, Calif., said frequency of defects, fraudulence and misrepresentation in information submitted in mortgage loan applications decreased by 2.4 percent in May from a month ago and by 3.6 percent from a year ago.
Fitch: More New Deals, More Risk, for U.S. RMBS
A spike in new private-label residential mortgage-backed securities issuance has surfaced of late along with some credit risk trends that are worth watching in the coming months, said Fitch Ratings, New York.
FHFA: Foreclosure Preventions Top 4.1 Million
The Federal Housing Finance Agency said Fannie Mae and Freddie Mac completed 68,378 foreclosure prevention actions in the first quarter, bringing the total number of foreclosure prevention actions to 4.1 million.