Items Tagged with 'MBA'

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CFPB: Changes to TRID coming soon

Bureau responds to industry trade group concerns
Top industry groups banded together to get the CFPB to reopen talk around the rule, and it worked. The CFPB said it has begun drafting a Notice of Proposed Rulemaking on the Know Before You Owe rule. And it's probably coming faster than you think.
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MBA: Mortgage applications reverse course

Decline amidst spring home-buying season
It was a slow week for mortgage applications despite it being peak buying season, with applications moving further away from the highs witnessed two weeks ago. Here’s where applications fell short.
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FHFA principal reduction plan garners mixed reaction from housing industry

Some love it, others not so much
It’s only been a short time since the Federal Housing Finance Agency shook up the housing industry by announcing that it plans to begin offering principal reductions to certain borrowers, but reactions from both sides are beginning to trickle in. Some in the housing industry love it, some believe that the FHFA's plan doesn't go far enough, while others are concerned that the program sets a "dangerous precedent."
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MBA: Purchase applications surge to new high

Highest level since October 2015
Purchase applications took front and center in the latest report from the Mortgage Bankers Association, with applications reaching their second-highest level since May 2010. However, refinance applications weren't too far behind, reaching their highest level since February 2016.
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Former MBA Chairman David Kittle joins ComplianceEase

Will be SVP of government and industry relations
ComplianceEase hired former MBA chairman David Kittle as its senior vice president of government and industry relations. He brings years of experience managing relationships with Fannie Mae, Freddie Mac, Federal Home Loan Banks, Ginnie Mae and the U.S. Department of Housing and Urban Development.
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MBA promotes William Kooper to vice president

Kooper joined the association in 2001
The Mortgage Bankers Association's latest hire, William Kooper, will be responsible for overseeing and coordinating all aspects of MBA’s state government affairs program and will serve as the principal staff representative to the State Relations Initiative.
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MBA bankrolling IRS $10,000 challenge to 'reimagine' taxpayer experience

IRS launches crowdsourced competition; changes could ease income verification
The Internal Revenue Service is launching its first crowdsourced challenge, offering big money to anyone who can come up with the best idea to "reimagine the taxpayer experience of the future." But the money is not coming from the IRS itself. Rather, the funding for the IRS' challenge is coming from an interesting source – the Mortgage Bankers Association.
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