Category: News and Trends

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.

The commercial mortgage-backed securities delinquency rate fell 23 basis points in September to 3.41 percent, reported Trepp LLC, New York.

WASHINGTON, D.C.–Bureau of Consumer Financial Protection Acting Director Mick Mulvaney said despite perceptions that the Bureau has stopped enforcing laws and regulations, the Bureau “continues to function as we did before–we are just taking a different way of looking at it.”

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.

WASHINGTON, D.C.–Bureau of Consumer Financial Protection Acting Director Mick Mulvaney said despite perceptions that the Bureau has stopped enforcing laws and regulations, the Bureau “continues to function as we did before–we are just taking a different way of looking at it.”

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.

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.

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.

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 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.