House Republicans on Thursday released deals of the largest tax bill since 1986 that reduces the mortgage interest deduction and cuts corporate tax rates.
Category: News and Trends
MBA Letter Cites Concerns over Proposed Tax Bill
The Mortgage Bankers Association, in a letter yesterday to the House Ways and Means Committee, expressed concerns that key provisions of tax reform legislation could substantially affect the ability of homeowners and the overall economy to benefit.
MBA, Trade Groups Urge Support for TRID Improvement Bill
The Mortgage Bankers Association and nearly two dozen industry trade groups sent a letter to the House, urging members to support legislation that would allowing title insurance companies to disclose available discounts and accurate title insurance premiums to consumers.
Fitch: Improvements Needed in U.S. RMBS Due Diligence
The private-label U.S. residential mortgage-backed securities market should establish a new due diligence working group to drive grading, process and standardization improvements, said Fitch Ratings, New York.
Composite Credit Default Rates Rise for 3rd Straight Month
Composite default rates rose for the third consecutive month in September, as the first mortgage default rate rose slightly, reported S&P Dow Jones Indices and Experian, New York.
MBA Comments on FHFA G-Fee Report
The Federal Housing Finance Agency this week issued its 2016 Report to Congress on Guarantee Fees, noting “competitive pressures” between Fannie Mae and Freddie Mac resulted in an average two basis-point drop in average single-family guarantee fees in 2016, from 59 basis points to 57 basis points.
Black Knight: Irma, Harvey Drive Surge in Past-Due Mortgages
Black Knight, Jacksonville, Fla., said a surge in past-due mortgages in Florida and Texas drove a rise in mortgage delinquencies for the first time since 2010.
FHFA Adds ‘Preferred Language’ Question to Uniform Residential Loan Application
The Federal Housing Finance Agency on Friday said it would add a preferred language question to the redesigned Uniform Residential Loan Application, despite concerns by the Mortgage Bankers Association and the real estate finance industry.
HUD Secretary Carson: Government Should Not Compromise Lending
DENVER–HUD Secretary Ben Carson said the department will champion the Trump Administration’s efforts to end regulatory burdens, saying the federal government should not “hinder” the role of private enterprise.
FHFA Adds ‘Preferred Language’ Question to Uniform Residential Loan Application
The Federal Housing Finance Agency on Friday said it would add a preferred language question to the redesigned Uniform Residential Loan Application, despite concerns by the Mortgage Bankers Association and the real estate finance industry.