MIAMI–“Fraud is beginning to show itself in new and exciting ways,” said Don Effertz, vice president of risk management with DataVerify Inc., Chesterfield, Mo.
Category: News and Trends
As Mortgages Shift to Purchase Market, So Do Fraud Schemes
MIAMI–“Fraud is beginning to show itself in new and exciting ways,” said Don Effertz, vice president of risk management with DataVerify Inc., Chesterfield, Mo.
Lopez Urges Vigilance in ‘High-Risk’ Environment
MIAMI–Financial regulators are focusing intently on lenders’ risk management organizations and practices. So is the Mortgage Bankers Association.
MBA Statement on HUD OIG Audit of Ginnie Mae’s Oversight of Nonbanks
Mortgage Bankers Association President and CEO David Stevens, CMB, issued the following statement regarding the HUD Office of Inspector General Audit of Ginnie Mae’s Oversight of Nonbanks:
ARMCO: Critical Defect Rates Continue Upward Trend
MIAMI–ACES Risk Management, Pompano Beach, Fla., said critical loan defect rates continued to increase in the first quarter.
MBA: 2Q Commercial/Multifamily Mortgage Debt Rises to $3.06 Trillion
Total commercial/multifamily mortgage debt outstanding rose to $3.06 trillion at the end of the second quarter, an increase of $48.7 billion, or 1.6%, from the first quarter, the Mortgage Bankers Association reported this morning.
The Role of Refi vs. Purchase Lending During the Housing Crisis
MIAMI–The financial crisis that began in 2007-styled as the Great Recession, put housing in the crosshair, with some analysts asserting government policies aimed at increasing first-time home buyers were to blame. But research from the Urban Institute, Washington, D.C., points to the contrary.
House Passes MBA-Supported Flood Insurance Provision
The House yesterday passed a bill containing Mortgage Bankers Association-supported language that would strengthen and expand the private flood insurance market.
MBA 2Q Commercial/Multifamily DataBook Reports ‘Downshift’
Commercial real estate property fundamentals generally remained strong in the second quarter, but the pace of improvement ‘downshifted’ from earlier periods, the Mortgage Bankers Association Commercial/Multifamily DataBook reported this morning.
MBA Preliminary Analysis of 2016 HMDA Data
The 2016 Home Mortgage Disclosure Act data were released late last week, along with a separate Federal Reserve analysis of the data. Here are some initial highlights: