Category: News and Trends

Last week, the Veterans Administration and Ginnie Mae each issued guidance implementing provision of S. 2155, the Economic Growth, Regulatory Relief and Consumer Protection Act. However, these guidance have raised new concerns with the Mortgage Bankers Association and other industry trade groups.

The Mortgage Bankers Association, in a letter to the Bureau of Consumer Financial Protection, called on the Bureau to create an advisory council focused on the mortgage industry and urged the Bureau to ensure that it receives input from diverse and varied viewpoints, including those of independent mortgage banks.

Any way you look at it–and just about everyone is looking at it–the housing market continues to recover from the depths of its 2007 crisis.

CoreLogic, Irvine, Calif., released its 2018 CoreLogic Storm Surge Report, which shows that more than 6.9 million homes along the Atlantic and Gulf Coasts are at potential risk of damage from hurricane storm surge inundation with a total reconstruction cost value of more than $1.6 trillion.

Black Knight, Jacksonville, Fla., said mortgage delinquencies fell for the first time in seven months, bucking a seasonal trend and falling to its second-lowest level in 12 years.

MIAMI–Commercial real estate loan servicing has become more challenging as the amount of information sought by various stakeholders has grown “considerably” over the years, analysts say.

NEW YORK–Sandra Thompson, Deputy Director with the Division of Housing Mission and Goal with the Federal Housing Finance Agency, said the agency is on track for Fannie Mae’s and Freddie Mac’s transition to the Single Security by June 2019.

MISMO®, the mortgage industry standards organization, invites mortgage industry participants to join its new practice community, which is developing a decision model to validate eNotes, a key component for digital mortgages.

MIAMI–Loan servicers play an important, though sometimes underappreciated, role in commercial real estate finance, said Brian Stoffers, CMB, here at the Mortgage Bankers Association Commercial/Multifamily Servicing and Technology Conference 2018.

NEW YORK–Sandra Thompson, Deputy Director with the Division of Housing Mission and Goal with the Federal Housing Finance Agency, said the agency is on track for Fannie Mae’s and Freddie Mac’s transition to the Single Security by June 2019.