WASHINGTON, D.C.–Tim Mayopoulus joined lenders here at the Mortgage Bankers Association’s Annual Convention & Expo on his last day of work at Fannie Mae.
Category: News and Trends
MBA Recommends Dropping Interest Rate Cap on Rural Housing Service Programs
The Mortgage Bankers Association, in a letter to the Department Agriculture’s Rural Housing Service, recommended the interest rate cap on RHS Section 502 Single-Family Housing Guaranteed Loan Program loans be removed, citing mortgage market dynamics and secondary mortgage market considerations.
MBA, Trade Groups Urge House to Improve IRS Security Protocols
The Mortgage Bankers Association and nearly a dozen industry trade groups asked a House Ways and Means subcommittee to support legislation that would improve security protocols at the Internal Revenue Service.
MBA Asks Bureau to Improve Trial Disclosure Program
The Mortgage Bankers Association urged the Consumer Financial Protection Bureau to improve its trial disclosure program, particularly to encourage more companies and trade associations (such as MBA) to undertake trial disclosures in partnership with the Bureau.
ATTOM: Foreclosure Activity at Lowest Level Since 2005
ATTOM Data Solutions, Irvine, Calif., reported 177,146 U.S. properties with foreclosure filings (default notices, scheduled auctions or bank repossessions) in the third quarter, down by 6 percent from the previous quarter and down by 8 percent from a year ago to the lowest level since 2005.
Online Retailers Invest in Bricks
A record number of e-commerce retailers opened physical stores last year and 850 more are set to open in the next five years, reported JLL, Chicago.
Hotel Sector Faces Volatility
Healthy economic momentum and consumer confidence have boosted travel and hotel performance, but the sector could see more volatility in 2019, analysts say.
CoreLogic Says Mortgage Delinquency, Foreclosure Rates at 12-Year Low
CoreLogic, Irvine, Calif., said U.S. foreclosure and mortgage delinquency rates fell to 12-year lows in July.
Fannie Mae Names Hugh Frater Interim CEO; Tim Mayopoulos to Leave Oct. 15
Fannie Mae, Washington, D.C., appointed Hugh R. Frater as Interim CEO, effective October 16, subject to final Federal Housing Finance Agency approval. He will succeed Timothy J. Mayopoulos, who announced his intention to depart in July and will leave the company on October 15.
Fannie Mae Names Hugh Frater Interim CEO; Tim Mayopoulos to Leave Oct. 15
Fannie Mae, Washington, D.C., appointed Hugh R. Frater as Interim CEO, effective October 16, subject to final Federal Housing Finance Agency approval. He will succeed Timothy J. Mayopoulos, who announced his intention to depart in July and will leave the company on October 15.