MBA: IMB Production Profits Fall in 2021 from Record 2020
Despite above-average production profits, mortgage banks saw a decline in 2021 from record profits in 2020, the Mortgage Bankers Association reported Monday.
The FHFA Foreclosure Suspension for Borrowers Applying for Relief through Homeowner Assistance Fund; Implications for Servicers
Pete Mills, Senior Vice President of Residential Policy and Member Services with the Mortgage Bankers Association, cautioned that the policy could have unintended consequences for mortgage servicers.
MBA Weighs in with CFPB Regarding Fees
The Mortgage Bankers Association weighed in with the Consumer Financial Protection Bureau regarding its request for comment on fees imposed by consumer financial product and service providers.
Big Changes at Fannie Mae
Fannie Mae, Washington, D.C., announced Board Chair Sheila C. Bair and CEO Hugh R. Frater will resign effective May 1. The Board elected Michael J. Heid to succeed Bair and appointed Fannie Mae President David Benson as Interim CEO and Board member.
TransUnion: More than 45 Million Americans Credit Unserved or Underserved
More than 45 million consumers are considered to be either credit unserved or underserved in the United States, according to a new global TransUnion study
RCA: Pandemic Loan Loss Rates Below Great Recession Extremes
Real Capital Analytics, New York, said the losses taken by lenders on previously defaulted commercial real estate loans remain far below the loss rates seen during the Great Recession.