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.
Category: News and Trends
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.
Delinquency, Foreclosure Rates at Near 10-Year Lows
CoreLogic, Irvine, Calif., reported 4.6 percent of U.S. mortgages in some stage of delinquency in July, down by nearly 1 percent from a year ago.
MBA, Trade Groups Urge House Support of HVCRE Bank Capital Bills
The Mortgage Bankers Association, in a separate letter and with a coalition of industry trade groups, urged members of the House Financial Services Committee to support legislation that would clarify and amend the High Volatility Commercial Real Estate bank capital rule.
Foreclosure Reports Cite Decades-Low Activity
Two reports this week said foreclosure and delinquency rates on mortgages fell to levels not seen since before the Great Recession.
Strong New Issuance Offsets CMBS Delinquencies
Strong new issuance volume led to a decline in the U.S. commercial mortgage-backed securities delinquency rate last month, reported Fitch Ratings, New York.
MBA Comments Address TRID ‘Black Hole’
The Mortgage Bankers Association, in a letter this week to the Consumer Financial Protection Bureau, offered recommendations on how the Bureau could improve the TILA-RESPA Integrated Disclosure rule, known as TRID or “Know Before You Owe.”
Delinquency, Foreclosure Rates at Near 10-Year Lows
CoreLogic, Irvine, Calif., reported 4.6 percent of U.S. mortgages in some stage of delinquency in July, down by nearly 1 percent from a year ago.
MBA, Trade Groups Urge House Support of HVCRE Bank Capital Bills
The Mortgage Bankers Association, in a separate letter and with a coalition of industry trade groups, urged members of the House Financial Services Committee to support legislation that would clarify and amend the High Volatility Commercial Real Estate bank capital rule.