S&P Dow Jones Indices and Experian, New York, said their Consumer Credit Default Indices rose for the fourth consecutive month in October.
Category: News and Trends
MBA Calls on Senate to Fix Tax Bill Treatment of MSRs
The Mortgage Bankers Association called on the Senate to fix a controversial provision in the Senate tax bill that would require any item of income that an accrual taxpayer recognizes for accounting purposes, including mortgage servicing rights, also be recognized for tax purposes.
FHFA Shrinks Fannie Mae, Freddie Mac Multifamily Lending Caps
Fannie Mae and Freddie Mac multifamily lending caps will shrink slightly in 2018, the Federal Housing Finance Agency announced yesterday.
Survey: Default Servicers Investing in REO Improvements
The vast majority of servicing professionals said their organization is currently investing to improve the condition of REO properties under management and most said their organization is currently making a significant investment, said Altisource Portfolio Solutions S.A., Luxembourg.
House Passes Bill Overhauling Flood Insurance Program
The House on Tuesday approved legislation overhauling the National Flood Insurance Program, a key plank in the Mortgage Bankers Association’s legislative agenda this year.
CoreLogic: Delinquency Rates Lowest in More Than a Decade
CoreLogic, Irvine, Calif., said mortgage delinquency rates fell to their lowest levels since 2007 in the third quarter and foreclosure inventory rate fell to its lowest level since 2006.
MBA Provides Tax Reform Legislation Summary Guide
The Mortgage Bankers Association has created a summary that compares Senate and House versions of tax reform legislation currently wending through Congress.
ATTOM: Seriously Underwater Properties Post Largest Yearly Drop
Ahead of the Mortgage Bankers Association’s 3rd Quarter National Delinquency Survey release this Friday, ATTOM Data Solutions, Irvine, Calif., said its quarterly analysis showed seriously underwater properties fell by nearly one million properties from the second quarter.
Fannie Mae, Freddie Mac Will Re-Enter LIHTC Market
The Federal Housing Finance Agency will allow Fannie Mae and Freddie Mac limited re-entry into the Low-Income Housing Tax Credit market as equity investors effective immediately, the agency said.
Senate Compromise on Regulatory Relief Legislation Moves Forward
Senate Banking Committee Chairman Mike Crapo, R-Idaho, and a bipartisan group of cosponsors introduced a regulatory relief package this week that could ease certain Dodd-Frank Act restrictions on banks, a compromise praised by the Mortgage Bankers Association.