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Items Tagged with 'Mortgage Bankers Association'

ARTICLES

Mortgage Bankers Association adds 11 new members in March

Here are the new members
Ben Lane
The Mortgage Bankers Association announced that it welcomed 11 new members into its ranks in the month of March. The additions continue the organization’s growth, as the MBA also added 31 new members in January and 16 members in February.
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MBA's Cosgrove: The importance of nonbanks in the mortgage market

The misperceptions of IMBs and other nonbanks
Bill Cosgrove
In the wake of the financial crisis, nonbank lenders and servicers have witnessed a significant emergence in the mortgage business. In fact, independent mortgage banks are heavily dominating the single-family market. Yet misperceptions persist about the capacity of these IMBs and other nonbanks.
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MBA adds Bradley Padratzik as director of member engagement

Tasked with recruiting and retaining new MBA members
Ben Lane
In this role, Padratzik will support the sales and member engagement activities of MBA, “ensuring deeper engagement with existing and new members through both volunteer activities and purchases of MBA products and services,” the MBA said.
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MBA: New home purchases jump 17% in March

The trend continues
Brena Swanson
Mortgage applications for new home purchases increased by 17% relative to the previous month. And this positive trend is predicted to continue into the spring homebuying season.
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Mortgage Bankers Association adds 16 new members in February

Meet the new members
Ben Lane
The Mortgage Bankers Association announced that it welcomed 16 new members into its ranks in the month of February. The additions continue the organization’s growth, as the MBA also added 31 new members in January.
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Mortgage applications jump a solid 4.6%

Conventional and government-backed purchase apps up
Trey Garrison
March rolled in like a lamb and strode out more like a lion – not exactly roaring, but certainly with more confidence and swagger. Here’s why there was a little roar.
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MBA releases guide for lenders to conquer TILA-RESPA

Written by two compliance experts
Brena Swanson
The industry is bracing itself for the upcoming compliance rules set to go into effect at the start of August. This newly released guide from the MBA is designed to help.
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Supreme Court ruling makes mortgage loan officers eligible for overtime

MBA "disappointed" in ruling
Ben Lane
A ruling by the Supreme Court is set to change how mortgage loan officers are paid. Here's what the court ruled, why it matters and how it will impact the industry.
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Mortgage compliance needs a ginormous injection of common sense

And more experienced people in charge
Lynn Effinger
There needs to be a healthy dose of mortgage servicing-centric common sense injected into the regulatory compliance patient. Unfortunately, common sense is in short supply these days, particularly within the bloated bureaucracies in, and associated with, all things governmental.
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From HW Magazine

The CFPB needs a regulator of its own

Why is it OK for the bureau to violate the standards it imposes on others?
Sarah Wheeler
Nothing reeks of hypocrisy more than the regulator ignoring regulations, but the CFPB has racked up plenty of violations in the last year. And we’re not talking about small, nitpicky examples, but instances that have real-life consequences. If a lender or servicer were to violate any of these standards, they could expect swift and harsh punishment from the CFPB.
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