“There is a need for GSE reform. But we’re not going to get to reform Fannie Mae and Freddie Mac if we don’t work together in the center to find common ground. There are plenty of issues we can find common ground on.”
–Rep. Terri Sewell, D-Ala., speaking at MBA’s National Advocacy Conference.
Servicing Newslinks Archive
Servicing Newslink 4-12-16
“Five years after the enactment of Dodd-Frank, enforcement actions present very significant challenges to the residential mortgage industry. Unfortunately, the CFPB has recently appeared to take a ‘regulation by enforcement’ approach, offering industry participants little guidance and simply instituting claims against them–often using new interpretations of old rules.”–MBA Senior Vice President of Legislative and Political Affairs Bill Killmer, in an MBA letter to the Consumer Financial Protection Bureau.
Servicing Newslink 4-5-16
“There is no question that the profession is in dire need of change in order to survive into the next generation. A shortage of appraisers is currently felt in many rural and lower population communities, and in the coming years this shortage threatens to spread into new markets and become far more severe in existing markets.”–MBA Senior Vice President of Residential Policy and Member Engagement Pete Mills, in a letter to The Appraisal Foundation on ways to attract a new generation of qualified appraisers.
Servicing Newslink 3-29-16
“A strong, sound secondary mortgage market is paramount to the overall success of the real estate finance industry. That is why it is of the utmost importance that policymakers and stakeholders create a strong and stable system that ensures liquidity, affordable mortgage credit and serves consumers.”
–Rodrigo Lopez, CMB, Executive Chairman of NorthMarq Capital Finance and Chairman-Elect of MBA.
Servicing Newslink 3-22-16
“The ability to serve and support sustainable and affordable homeownership has been a core mission of both FHA and lenders across this country. Having the confidence to lend demands clear and reasonable accountability. This has been the goal of all stakeholders.”
–MBA President and CEO David Stevens, CMB.
Servicing Newslink 3-15-16
“Homeownership cannot, and must not, be used as the nation’s piggybank.”
–From an MBA/trade group letter to House and Senate Budget Committee leadership, urging them to resist using Fannie Mae/Freddie Mac guaranty fees to fund other appropriations.
Servicing Newslink 3-8-16
“The performance of commercial and multifamily mortgages remains strong, with continued improvement in the delinquency rates of loans held by banks and in commercial mortgage-backed securities. Strong property fundamentals and values, coupled with still low interest rates, are likely to continue the positive trend.”
–MBA Vice President of Commercial Real Estate Research Jamie Woodwell.
Servicing Newslink 3-1-16
“The real estate finance industry continues to deal with a host of complex policy challenges. The industry’s ability to navigate and manage these changes is critical to our efforts to serve consumers and responsibly grow our businesses.”
–From the Mortgage Bankers Association’s 2016 Residential Issue Priorities.
Servicing Newslink 2-23-16
“As the job market has improved and national home prices have rebounded, fewer borrowers were becoming seriously delinquent, while borrowers previously behind on their payments were in a better position to pursue alternative options to resolve delinquent loans.”
–MBA Vice President of Industry Analysis Marina Walsh.
Servicing Newslink 2-16-16
“The lack of housing stock, particularly affordable inventory, is a growing issue and will limit a full housing recovery in the short to medium term.”
–Anand Nallathambi, president and CEO of CoreLogic, Irvine, Calif.