In light of President Trump’s “Regulatory Freeze Pending Review” executive order issued last week, the Mortgage Bankers Association asked the CFPB to postpone for 60 days the effective compliance dates for entities subject to its Nonbank Registration Regulation issued on June 3, 2024.
Category: News and Trends
Servicing Quote of the Week
“Mortgage servicers have provided forbearance to approximately 8.5 million borrowers since March 2020, performing diligently to implement new forbearance and home retention programs from FHA and other federal agencies. We appreciate FHA’s efforts to streamline the loss mitigation process.”
–MBA’s President and CEO Bob Broeksmit, CMB, discussing the FHA’s release of its permanent loss mitigation waterfall
MBA Statement on the Nomination of Bill Pulte as FHFA Director
MBA’s President and CEO Bob Broeksmit, CMB, issued the following statement on Bill Pulte being nominated to be Director of the Federal Housing Finance Agency.
MBA Statement on FHA’s Loss Mitigation Waterfall Updates
MBA’s President and CEO Bob Broeksmit, CMB, released a statement on the Federal Housing Administration’s release of its permanent loss mitigation waterfall.
FundingShield: Nearly Half of Transactions at Risk
During the fourth quarter, 45.5% of transactions on a $84.1 billion portfolio comprising residential, commercial and business purpose loans had issues leading to a risk of wire & title fraud, according to FundingShield, Newport Beach, Calif.
Milliman: Mortgage Delinquency Risk Increased in Third Quarter
Milliman, Seattle, released its Q3 Milliman Mortgage Default Index for GSE acquisitions, finding that mortgage delinquency risk rose to 2.12% for loans acquired in the third quarter from 2.03% in the second quarter.
MBA Statements on Nominations of Scott Turner as HUD Secretary; Bill Pulte as FHFA Director
The Mortgage Bankers Association and more than 20 other trade associations wrote to the Senate Banking Committee to express support for Scott Turner to serve as the next Secretary of HUD.
MBA’s President and CEO Bob Broeksmit, CMB, also issued a statement congratulating Bill Pulte on being nominated to be Director of the Federal Housing Finance Agency.
Home Price Growth Reaccelerates in Fourth Quarter, Fannie Mae Reports
Single-family home prices increased 5.8% between late 2023 and late 2024, an acceleration from the previous quarter’s 5.4%, according to the Fannie Mae Home Price Index.
MBA Launches Cleveland State University Mortgage Banking Bound Program
MBA Education, the award-winning education division of the Mortgage Bankers Association, launched its Mortgage Banking Bound (MBB) program at Cleveland State University.
MISMO Honors Annual Award Recipients at 2025 Winter Summit
MISMO®, the real estate finance industry’s standards organization, announced the recipients of its MISMO Awards program during a ceremony held at its 2025 Winter Summit. The MISMO Awards program recognizes volunteer contributors for their efforts to solve issues or create new opportunities on behalf of the industry.