Black Knight Financial Services, Jacksonville, said homeowners with negative equity fell below two million for the first time since 2006.
Category: News and Trends

Fitch: New GSE Tools Improve Mortgage Underwriting
Fitch Ratings, New York, said Fannie Mae and Freddie Mac’s efforts to manage and verify data have improved the overall mortgage underwriting process.

MBANow: Justin Wiseman on CFPB Servicing Rule
The Mortgage Bankers Association released a new MBANow video featuring MBA Director of Loan Administration Justin Wiseman, who discusses updates to the Consumer Financial Protection Bureau’s servicing rule.

MBA, Trade Groups Ask More Time on Limited English Proficiency Proposal
The Mortgage Bankers Association and other industry trade groups sent a letter to the Federal Housing Finance Agency asking for an extension to respond to a proposal to improve language access in mortgage lending and servicing.

MBANow: Justin Wiseman on CFPB Servicing Rule
The Mortgage Bankers Association released a new MBANow video featuring MBA Director of Loan Administration Justin Wiseman, who discusses updates to the Consumer Financial Protection Bureau’s servicing rule.

MBANow: Justin Wiseman on CFPB Servicing Rule
The Mortgage Bankers Association released a new MBANow video featuring MBA Director of Loan Administration Justin Wiseman, who discusses updates to the Consumer Financial Protection Bureau’s servicing rule.

Sen. Warner: ‘Put the Old Band Back Together’ for GSE Reform
WASHINGTON, D.C.–Sen. Mark Warner, D-Va., never wanted to know as much about housing finance as he does now.

Mortgage Credit Risk Edges Up Slightly; Credit Defaults at Five-Month Low
CoreLogic, Irvine, Calif., said mortgage credit risk ticked up slightly in the first quarter but noted it remains at “normal” baselines for such risk.

On Capitol Hill, Finding Solutions Amid Acrimony
WASHINGTON, D.C.–If the political atmosphere here in Washington seems a bit fractious, that’s because it is. But it doesn’t mean things are at a standstill.

CMBS Lenders Cast a Wider Net
Commercial mortgage-backed securities lenders are shifting their attention–and their capital–to some alternative U.S. markets, reported Trepp, New York.