MBA Applauds House Passage of VA Partial Claims Bill
MBA’s President and CEO Bob Broeksmit, CMB, released a statement on the passage of the VA Home Loan Program Reform Act (H.R. 1815) in the U.S. House of Representatives.
MBA’s Bob Broeksmit Shares Optimistic Outlook for Mortgage Industry
NEW YORK–Mortgage Bankers Association President and CEO Bob Broeksmit, CMB, shared his views on the industry from the main stage at MBA’s Secondary and Capital Markets Conference, offering a largely positive outlook.
Panelists Outline Challenges to Releasing GSEs, Possibility of Guarantee
NEW YORK–“In any market system where you have some lack of clarity, there’s a price to that,” said Scott Ulm, CEO and Vice Chairman of ARMOUR Residential Reit Inc. “Undoubtedly, the more ambiguity you put into it, the higher the price gets.”
Bill Pulte on What’s Next for Federal Housing, Conservatorship and Transparency
NEW YORK–“I think federal housing has been underrepresented,” said Federal Housing Finance Agency Director Bill Pulte. “I think this room has been underrepresented historically at the federal level.”
An MSR Update from MIAC Analytics
The U.S. Treasury 10-year closed April at 4.17%, from 4.23% at the end of March. Despite the slight downtick in rates, investor demand for MSRs remains strong, with select offerings clearing at mid to high 6x execution multiples.
N.Y. Fed President John Williams Offers Economic Outlook
NEW YORK–John Williams, President and CEO of the Federal Reserve Bank of New York, offered an optimistic but measured view of the U.S. economy during a session at the Mortgage Bankers Association’s Secondary and Capital Markets Conference.
Nearly Half of Homeowners Have Some Regret About Purchasing Their Home
Nearly half of current homeowners–45%–report having at least one regret about the purchase of their current home, according to a new survey from Bankrate, New York.
