Alarming details charged in the collapse of Butler & Hosch

Alarming details charged in the collapse of Butler & Hosch

Lawsuits allege phony billings, bogus invoices and millions in fake accounts receivables

Digital Risk: These 10 charts fully explain Millennials and home buying

70% will want a mortgage within 5 years

EXCLUSIVE: Morris Schneider Wittstadt officially files for Chapter 11 bankruptcy

Butler & Hosch sale, Dustin Johnson lawsuit severely impacted firm
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Items Tagged with 'Mortgage Bankers Association'

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From HW Magazine

The awful truth about TRID

Even with a grace period, the remedy is worse than the disease
Sarah Wheeler
The CFPB left the grace period open-ended and most in the industry interpreted that to mean that it will last throughout the rest of 2015, at least. Unfortunately, as welcome as that grace period is, TRID remains a costly and complicated fix that has enormous implications for the whole industry.
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Mortgage Bankers Association adds 21 new members in April and May

Current membership now tops 2,200
Ben Lane
The Mortgage Bankers Association announced that it welcomed 21 new members into its ranks in the months of April and May, bringing its total membership to more than 2,200 companies.
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MBA: Commercial mortgage debt increases to $2.68 trillion

All four major investor groups increase holdings
Brena Swanson
The commercial/multifamily mortgage market witnessed a strong start to the year as all four major investor groups increased their holdings.
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MBA nominates Colonial Savings’ J. David Motley to be 2016 vice chair

Currently sits on MBA’s board of governors
Ben Lane
The Mortgage Bankers Association announced that it nominated J. David Motley, president of Colonial Savings, based in Fort Worth, Texas, and its divisions, Colonial National Mortgage, CU Members Mortgage, and Community Bankers Mortgage, to be its vice chair for the MBA’s 2016 membership year.
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Independent mortgage bank profits surge nearly 100%

But total production operating expenses rise too
Brena Swanson
Independent mortgage banks recorded a net gain of $1,447 on each loan they originated in the first quarter of 2015, which is double the previous quarter. However, it wasn’t the only variable to increase. Expenses are starting to rise, too.
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MBA pushes to increase diversity in mortgage lending

Announces partnership with NAHREP, hosting 2nd diversity conference
Ben Lane
In an exclusive interview with HousingWire, Bill Emerson, the chairman-elect of the MBA and the chief executive officer of Quicken Loans, said that the MBA wants to prepare the housing finance industry for the new normal of the future, which will be far different than the history of mortgage lending to this point.
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MBA: Commercial, multifamily delinquencies keep dropping

Chart shows impressive downward decline
Brena Swanson
Delinquency rates for commercial and multifamily mortgage loans continued to decline in the first quarter of 2015 thanks to several improvements in the market.
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MBA announces special partnerships with Fannie Mae, other groups

Agreements will provide new benefits for MBA members
Ben Lane
During his remarks at Monday’s first general session at the Mortgage Bankers Association’s National Secondary Market Conference, David Stevens, the president and chief executive officer of the MBA, announced three new partnerships that he said are designed to provide new benefits for the members of the MBA.
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Fannie, Freddie, MBA economists predict interest rate hike in 2015

Fannie Mae economist: Demand weakness is a bigger issue than tight credit
Ben Lane
During a high-level discussion about the outlook of the housing economy at the Mortgage Bankers Association’s National Secondary Market Conference, economists from Fannie Mae, Freddie Mac and the MBA all predicted that the Federal Reserve will begin raising the Federal Funds Rate at some point this year, most likely in September, which will drive an increase in interest rates.
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MBA’s Stevens: Today’s housing policies fail American homeowners

MBA president and CEO lays out how to fix broken system
Ben Lane
Addressing the packed Broadway Ballroom at the Marriott Marquis in New York City, David Stevens, the president and CEO of the Mortgage Bankers Association, spoke with passion as he told the attendees of the MBA’s National Secondary Market Conference that today’s housing policies are “failing the American homeowner.”
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