Category: News and Trends

DALLAS–What can risk managers learn from a purple dinosaur?

The Federal Housing Finance Agency yesterday released an update on the Common Securitization Platform to be used for securitization of single-family mortgages by Fannie Mae and Freddie Mac. 

The Mortgage Bankers Association joined more than two dozen industry trade groups in a letter calling on Congress to refrain from allocating Fannie Mae/Freddie Mac credit risk guaranty fees as a source of funding for highway programs.  

Commercial/multifamily mortgage debt outstanding increased by $38.5 billion in the second quarter as three of the four major investor groups increased their holdings, the Mortgage Bankers Association reported this morning.

DALLAS–Representatives of key federal regulatory enforcement agencies said mortgage lenders and servicers need to work with them in identifying and detecting mortgage fraud issues and trends.

DALLAS–The Mortgage Bankers Association released a white paper that discusses information security risks facing the mortgage industry and basic security practices necessary to help mitigate risks. 

Here at the Mortgage Bankers Association’s recent Risk Management, Quality Assurance and Fraud Prevention Forum, analysts said the increase in home equity loans should also raise questions.

DALLAS–Not only is cooperating with federal law agencies on mortgage fraud issues a good business practice-it’s also the law.

The Mortgage Bankers Association launched a set of resource guidelines to educate both consumers and lenders and their business partners needing to comply with the new Know Before You Owe or TILA/RESPA Integrated Disclosure regulations that go into effect on Oct. 3.

Zillow Inc., Seattle, said home values in the bottom third of the market helped pull more homeowners out of negative equity in the second quarter, with condos more likely than houses to be underwater.