Another mortgage lender launches 3% down loan

Fannie Mae: Will housing make full recovery in 2015?

Can't do much worse than 2014

Zillow, Trulia shareholders green light merger

Overwhelming margin approve marriage of online listings giants
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Items Tagged with 'Mortgage Bankers Association'

ARTICLES

Another mortgage lender launches 3% down loan

Falls in line with FHFA
Brena Swanson
United Wholesale Mortgage is one of the first wholesale lenders to fall in line with the Federal Housing Finance Agency's newest initiative to expand the credit box to first-time homeowners, adding a 97% loan to value product to its offerings.
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18 Senators, mortgage bankers tell HUD: Time to lower FHA premiums

Letters cite health of MMIF as reason for lowering fees
Ben Lane
A group of 18 U.S. Senators and the Mortgage Bankers Association both sent letters to the U.S. Department of Housing and Urban Development on Thursday, stating that the time has come for the Federal Housing Administration to lower its mortgage insurance premiums.
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The biggest obstacle to a mortgage market recovery that nobody is talking about

The high cost of servicing delinquent loans
Taz George and Laurie Goodman
These timelines are often difficult if not impossible to meet while meeting consumer protection rules put in place by states and the Consumer Financial Protection Bureau (CFPB).
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Good news! Closing a mortgage still makes money

Origination volumes rise, but profits are down slightly
Ben Lane
Breathe easy everyone. Originating a mortgage is still a profitable endeavor. But it wasn't always this way.
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Philadelphia Fed: Could principal reduction save bankrupt homeowners?

Mortgage lenders don't think so
Brena Swanson
Mortgage strip-downs were originally introduced after the housing crisis as a way to reduce the overwhelming amount of houses going into foreclosures. And while lenders successfully blocked the legislation, new data from the Philadelphia Fed shows that lenders may have had it wrong.
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Higher fees proposed for FHA mortgages

MBA: This is far in excess of what the FHA needs
Brena Swanson
A provision in the Transportation, Housing and Urban Development and Related Agencies Appropriations Act for Fiscal Year 2015 could cost mortgage lenders more money than necessary. At least that is what the Mortgage Bankers Association argues in this letter.
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MBA announces 31 new members

Membership increases to more than 2,200
Ben Lane
"These new members vary greatly in their size and focus, whether it be residential or commercial/multifamily," said David Stevens, MBA’s president and CEO. "However, they illustrate MBA’s greatest strength: our ability to come to any table or address any situation knowing we represent the entire mortgage-lending spectrum."
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MISMO announces comment period for new version

Invites comments on version 3.3.1 of the MISMO Residential Reference Model
Ben Lane
Version 3.3.1 of the Standard includes new data points and structures to support regulatory requirements and additions in the areas of mortgage insurance coverage and conditions, title, payoff and property valuation, MISMO said.
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TILA-RESPA: Smart lenders are taking action today

Will impact disclosures, estimates, testing and reporting
Jonathan Corr

If you’re still filling out forms manually, or going back and forth between two or more different systems, you’re not going to survive — it’s just too time-consuming and costly.


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Less risk, more optimism in Vegas

Jonathan Corr: "What's going to happen to me?"
Jonathan Corr
As thousands of mortgage bankers and service providers gather in a place that grooves on the promise of quick riches and instant pleasure, they are all asking the same question: what is going to happen to me in today's lending market?
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