In a letter sent Thursday to FHFA Director Mel Watt, the National Association of Federally-Insured Credit Unions and the Independent Community Bankers of America ask Watt and the FHFA to “do everything within its authority to ensure the GSEs maintain a capital buffer” to address any potential losses and avoid a bailout in the future.
More talk of reforming the government-sponsored enterprises are starting to surface as the Trump administration promises to make reform a priority. Diverging from other industry reform options out there, the Independent Community Bankers of America penned their version of how GSE reform should take place. So which option will work best?
Three-quarters of community bankers surveyed say that new mortgage regulations are impacting their ability to serve borrowers, blocking potential buyers from access to mortgage credit. Here are the findings.
Millennials grew up constantly posting their lives on social media and having access to the world in the palm of their hand, and as a direct result, what they want from a lender is vastly different from previous generations. Now this is becoming a new normal for all generations.
As more lenders turn to third parties, regulators are emphasizing the importance of gauging the potential risks involved. While relying on vendors is not bad, it is adding new weaknesses into the system.
Will the day come soon when you can mail your package and take out a small loan all at the same place? The United States Postal Service presented its latest idea to help both Americans and itself financially.
For anyone actively working in the mortgage industry, it’s no secret that reverse mortgages have taken a brutal hit in the last two years. The U.S. Department of Housing and Urban Development issued major program changes at the end of 2017 that effectively limited the amount of proceeds and the number of people who could qualify for the loan. The result had lenders across the space enduring sizable volume drops and subsequent gashes to their bottom lines.