“MBA will continue to oppose any attempts at legislative or regulatory change pertaining to the Fair Credit Act that reduces access to credit and leads to higher costs of FHA financing for first-time, low- to moderate-income and minority homebuyers.” --Bill Killmer, MBA Senior Vice President for Legislative and Political Affairs.

The Mortgage Bankers Association shared recommendations and concerns with Ginnie Mae regarding proposed changes to eligibility requirements for single-family mortgage-backed security issuers.

ATTOM, Irvine, Calif., found 34.4 percent of mortgaged residential properties in the United States were considered “equity-rich” in the second quarter, up from 27.5 percent a year before.