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MBA News

MBA Education Ten Ratios Every Mortgage Banker Must Know Webinar Oct. 18
Learn Secrets of Top-Performing Mortgage Bankers
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MBA Stress Testing for Mid-Size Banks Workshop Oct. 12
Understand, Implement Stress-Testing Strategies for Your Company
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Top National News

Compliance, Security and Mobile Top Bank’s Tech Spending List
American Banker, Oct. 5, 2016--Barba, Robert As chief information officers plot their budgets for 2017, they have a lot to consider.
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Servicers Face New Requirements on NY Vacant REOs
Mortgage Daily, Oct. 10, 2016--Marks, Alfred; Parlapiano, Christina; Neuner, Jennifer The authors, with Day Pitney LLP, say new law in New York imposes new duties on mortgage servicers or their agents regarding abandoned foreclosed properties. 
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Trulia: Homeowners Dropping Property Insurance as Prices Rise
HousingWire, Oct. 10, 2016--Ramirez, Kelsey Southeast sees highest rates in the nation.
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CFPB Will Allow New Fannie, Freddie Mortgage Application
HousingWire, Oct. 10, 2016--Ramirez, Kelsey Allows more race-based questions beginning 2017.
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These Government-Approved High-Interest Green Loans are Turning Mortgage Lending Upside Down
MarketWatch, Oct. 10, 2016--Riquier, Andrea "This is not sound lending practice," said Pete Mills, who heads residential policy for the Mortgage Bankers Association, on the FHA Property Assessed Clean Energy program, or PACE.
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All Signs Point to FHFA Raising Conforming Loan Limits in 2017
HousingWire, Oct. 7, 2016--Swanson, Brena According to the Mortgage Bankers Association, in the second quarter the FHFA's house price index was almost identical to the level of the index in third quarter 2007.
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Is It Now Time to Finally Raise Conforming Loan Limits?
HousingWire, Oct. 7, 2016--Swanson, Brena Mat Ishbia of United Wholesale Mortgage suggests market could handle an increase of up to $12,000.
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Why Cutting the Mortgage Interest Deduction Is No Longer a Third Rail
National Mortgage News, Oct. 7, 2016--Finkelstein, Brad Mortgage Bankers Association CEO David Stevens noted lower-income borrowers do not itemize on their taxes and can't take advantage of the deduction.
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A Simpler Path to Housing Reform?
National Mortgage News, Oct. 6, 2016--Collins, Brian Former Federal Housing Finance Agency head Ed DeMarco favors abanondoning GSE common securitization platform to use Ginnie Mae platform instead; MBA President and CEO David Stevens said proposal "broadens the debate as new Congress, Administration comes on board in January.
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Court Orders U.S. to Release Documents on Mortgage Giants
New York Times, Oct. 4, 2016--Morgenson, Gretchen Federal judge said goverment improperly withheld documents from investors who sued goverment over decision to seize profits of Fannie Mae, Freddie Mac.
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New Foreclosure Statutes in New York Threaten the Process
MortgageOrb, Oct. 5, 2016--Bergman, Bruce Mortgage servicing in New York has always been a challenge. Now it will be worse--all as a result of a new omnibus foreclosure law effective as of Dec. 20.
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Nearly $1 Billion in Distressed GSE Mortgages Sold
Mortgage Daily, Oct. 5, 2016 The transaction, which was facilitated through the auction process, involves 5,364 mortgages that are deeply delinquent and non-performing.
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The Executive Behind Freddie Mac’s Mortgage Innovation
HousingWire, Oct. 5, 2016--Swanson, Brena Freddie Mac Chief Information Officer Robert Lux took the company and transformed it to create a better housing and finance system through technology innovation.
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Run from PACE Loans…RUN
National Real Estate Post, Oct. 5, 2016 In video, former mortgage executive Frank Garay says Property Assessed Clean Energy loans are risky and disruptive to mortgage process.
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Old CMBS Bubble Is Resurfacing
National Mortgage News, Oct. 4, 2016--Fest, Glen; Bisby, Allison More than $100 billion in securitized commercial mortgages come due soon, many of them still underwater.
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Sharp Drop in Annual Mortgage Refinances Predicted
Mortgage Daily, Oct. 4, 2016 iEmergent says total 2016 originations expected to be $1.8 trillion.
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Harlem Clergy Enter Mortgage-Reform Fray, Saying ‘Our Loans Matter’
Politico, Oct. 4, 2016--Woellert, Lorraine Dozens of New York Baptist ministers have joined the fray over Fannie Mae and Freddie Mac, saying efforts to privatize the mortgage giants could deliver a financial blow to communities of color in a time of growing wealth inequality.
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