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Industry News
News:Industry News
Featured Items
- Housing Market Shows Signs of Hope
- Combined with other recent trends--growing inventories of homes available for sale, slower price inflation and even modest price reductions--the decline in mortgage rates should be encouraging for anyone seriously in the market for a home. learn more
- The Slowing U.S. Housing Market May Have Bottomed
- After a months' long slowdown, the U.S. housing market may have bottomed. " learn more
- Mortgage Applications Surge 13.5% as Borrowers Rush to Take Advantage of Lower Rates
- Mortgage application volume rose 13.5 percent last week, compared to the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. learn more
- Fed's George Turns Dovish, Makes Case for 'Pause' on Rate Hikes
- In a remarkable shift by one of the U.S. central bank's most hawkish policymakers, Esther George, president of the Federal Reserve Bank of Kansas City, on Tuesday made the case for patience and caution on interest rate hikes to avoid choking off growth. learn more
- Thanks to Lower Mortgage Rates, 550K Homeowners Could Save by Refinancing
- According to the Mortgage Bankers Association, refinance application volume was up 35 percent at the start of the year. learn more
- Loan Officer: USDA Borrowers in Limbo During Shutdown
- The fact that USDA loans have no downpayment requirements and come with relatively low interest rates and fees for rural and suburban homebuyers makes them a particularly affordable option under normal circumstances. learn more
- Plunge in Rates Sparks 23.5% Spike in Mortgage Applications after Unusually Weak Holidays
- Overall volume jumped 23.5 percent last week from the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. learn more
- FHA Asks Mortgage Industry to Help Unpaid Federal Workers with their Mortgages
- The Federal Housing Administration announced late Tuesday that it is calling on all approved mortgagees and lenders to be "sensitive to the financial hardships experienced by borrowers as a result of the shutdown," including borrowers who are subject to furlough, layoff, or a reduction in income due to the shutdown. learn more
- Federal Shutdown Creating Mortgage Victims
- When the government shuts its doors because of a funding brouhaha that pits the White House against Capitol Hill, who gets hit hardest among people needing a home mortgage? learn more
- Servicers Treating Government Shutdown Like a Natural Disaster
- As the government shutdown enters its third week, mortgage servicers are activating the response plans they normally use during hurricanes and wildfires to assist federal workers who may have trouble paying their mortgages. learn more
- Fannie Mae Releases New Policies for Originations During Government Shutdown
- Fannie Mae said the government shutdown does not mean borrowers employed by the government are ineligible for mortgages during the shutdown. learn more
- FEMA Reverses Course, Reinstates NFIP 'Without Interruption'
- Faced with fierce criticism for its decision, including from the Mortgage Bankers Association, FEMA on Friday reversed course, saying in a statement that "all NFIP insurers have been directed to resume normal operations immediately and advised that the program will be considered operational since December 21, 2018 without interruption." learn more
- Inflated Rents Could Push More Consumers into Homebuying
- Rising rents combined with growing housing inventory could lead to increased purchase mortgage originations in the near future. learn more
- The Slowing U.S. Housing Market Will Have 'a Small Silver Lining' in 2019
- "A couple of years of home prices running twice the rate of home income growth leads to affordability challenges," said Mortgage Bankers Association Chief Economist Mike Fratantoni. learn more
- Trump Picks Calabria to Head Federal Housing Finance Agency
- President Donald Trump on Tuesday announced his intent to nominate Mark Calabria - who currently serves as chief economist for Vice President Mike Pence - to replace Mel Watt as director of the Federal Housing Finance Agency. learn more
- The Year Ahead: Consumer Agency Gets New Chief at Crucial Point
- The Hill, Dec. 11, 2018--Sylvan Lane Kathy Kraninger is taking control of the Consumer Financial Protection Bureau at a pivotal moment for the powerful financial watchdog. learn more
- Trump Expected to Nominate Fannie, Freddie Critic to Oversee Mortgage-Finance Giants
- The Trump administration is expected to soon announce that it plans to nominate Mark Calabria to become the director of the obscure but powerful Federal Housing Finance Agency, the regulator for the two companies. learn more
- Mortgage Rates are Down Significantly Over the Past Three Weeks
- According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average slid to a two-month low of 4.75 percent with an average 0.5 point. learn more
- Mortgage Applications Rise 2%, But Buyers Seem Unimpressed by Lower Rates
- Total mortgage application volume rose 2 percent last week compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. learn more
- U.S. Construction Spending Slows, Factory Growth Readings Mixed
- U.S. construction spending fell for a third straight month, government data showed on Monday, while private-sector figures showed an uptick in manufacturing order growth but offered a mixed view on overall factory activity. learn more
- Mortgage Rates Could Head Lower after Powell Comment Drives Bond Yield to Important Level
- With the Fed sounding more dovish, the bond market is adjusting and now signaling that rates for mortgages and other consumer loans could be lower in the near future than what was expected just a few days ago. learn more
- Freddie Mac Reveals 'Biggest Unknown' for Housing in 2019
- The biggest unknown for housing in 2019 are the current negative trends, according to Freddie Mac's forecast. learn more
- Cheat Sheet: Hopes and Hang-Ups on CRA Reform
- Bank regulators have not come out with a formal plan for updating the Community Reinvestment Act, but a preliminary list of questions about the reform effort issued by the Office of the Comptroller of the Currency has produced a treasure trove of public feedback to guide their deliberations. learn more
- FDIC Unveils Long-Awaited Community Bank Leverage Ratio
- The plan would create a community bank leverage ratio for institutions with less than $10 billion of assets which smaller banks could comply with in lieu of more complicated Basel risk-based capital standards. learn more
- Weekly Mortgage Applications Drop 3.2%, Hit by Tanking Stocks and Rising Rates
- Mortgage application volume fell 3.2 percent last week compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. learn more
- Stanford: Boomers are Entering Retirement with Less Savings, Greater Mortgage Debt
- The report points to an increase in mortgage debt among older homeowners as a concern, noting that in 2012, one-third of homeowners over 65 were still paying off a mortgage--up from less than a quarter of homeowners in 1998. learn more
- Mortgage Rates Shoot Up to their Highest Level in Nearly 8 Years
- According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average jumped to 4.94 percent with an average 0.5 point. learn more
- Mortgage Applications Drop to 4-Year Low as Interest Rates Hit 8-Year High
- Rising interest rates are now clearly taking their toll on potential homebuyers. learn more
- Mortgage Credit Eases in October
- Mortgage credit loosened in October as conventional loans with low downpayments became more readily available for first-time buyers, the Mortgage Bankers Association reported. learn more
- Fannie Mae Reports Income of $4B in Third Quarter
- Fannie Mae reported Friday it posted a comprehensive income of $4 billion in the third quarter, which was primarily driven by the company's business fundamentals. learn more
- Why Do We Have a 30-Year Mortgage, Anyway?
- Of course, you can still get 5-, 15-, and 20-year mortgages, if you can afford the higher monthly payments. learn more
- Mortgage Rates Are Pushing U.S. Homes Out of Reach
- This is how housing markets turn. Slowly. learn more
- U.S. Homeowners Staying Put as Mortgage Rates Lock Them In
- The median length of time Americans have owned their homes rose to a record of more than eight years in the third quarter, according to ATTOM Data Solutions. learn more
- Hundreds of Mortgage Execs Ask CFPB to Change LO Pay Rules
- Nearly 250 senior executives at some of the nation's largest mortgage companies want the government to make changes to the rules surrounding how they're allowed to pay their loan originators. Last week, the group of mortgage execs (organized by the Mortgage Bankers Association) sent a letter to the Consumer Financial Protection Bureau, calling on the bureau to change its Loan Originator Compensation rule. learn more
- Fed Minutes Point to Continued, Gradual Interest-Rate Increases
- Federal Reserve officials are debating whether they will need to raise interest rates to levels sufficient to slow down a fast-growing economy to prevent it from overheating, minutes of the central bank's last policy meeting show. learn more
- Wells Fargo, Bank of America Reveal True Impact of Digital Mortgages
- Both Wells Fargo and Bank of America rolled out digital mortgage applications this year, and the megabanks revealed Tuesday at the MBA Annual Convention just how much the programs are already being utilized by mortgage applicants. learn more
- Mortgage Rates Soar, Could Sink in Next Report
- An expected surge in mortgage rates came to fruition this week. learn more
- Mortgage Rates Jump Past 5%, Signaling More Home Price Cuts Ahead
- Millennials are in their prime homebuying years, and they're used to cheap credit. learn more
- Mortgage Lending Standard Tightened Last Month Reports MBA
- Lending standards for conventional mortgage loans eased in September but were offset by tighter standards in government-backed loans. learn more
- Should You Buy or Rent a Home? It Depends on the Math
- Is renting a better move than buying? learn more
- More Americans Lying on Mortgage Applications
- As many as one in 109 mortgage applications had indications of fraud in the second quarter, according to a new study from CoreLogic. learn more
- Trade Groups Call on CFPB to Update Loan Originator Compensation Rule
- The Mortgage Bankers Association and other trade associations and cooperatives in the mortgage industry have called on the Consumer Financial Protection Bureau to update its Loan Originator Compensation rule, saying changes to the rule should be prioritized to help consumers and reduce regulatory burden. learn more
- Lawmakers Urge Fed to Follow Through on Reg Relief for Midsize Banks
- Nearly 30 House Republicans are calling on the Federal Reserve Board to use new authority to relieve all banks with less than $250 billion of assets from enhanced supervision that was established after the crisis. learn more
- Caution: Potential Inverted Yield Curve Ahead
- This week's Federal Reserve Board meeting is once again shining a spotlight on rising interest rates and what has remained a stubbornly flat yield curve. learn more
- The Key Bond Rate That Affects Mortgages Looks Ready to Break Higher
- The benchmark 10-year Treasury yield briefly touched a high yield of just over 3.113 percent Tuesday morning, just as the Fed began it two-day meeting. learn more
- 2018 Mortgage Origination Outlook Cut Due to Refis
- An improved outlook for home purchase financing this year was wiped out by a big drop in expected refinancings learn more
- Weekly Mortgage Applications Rise 1.6% as Interest Rates Hit a 7-Year High
- Total mortgage application volume increased 1.6 percent last week compared with the previous week, the Mortgage Bankers Association reported. learn more
- 1st Mortgages Outstanding Nearing All-Time High
- Equifax said the nation's latest book of first mortgages stands not far from the record established in 2008, when there were $9.04 trillion in first-lien loans in place. learn more
- Mortgage Rates Reach Highs Not Seen Since Early August
- Freddie Mac said the 30-year fixed-rate average climbed to 4.6 percent with an average 0.5 point. It was 4.54 percent a week ago and 3.78 percent a year ago. (MBA mention) learn more
- Weekly Refinance Demand Plummets as Mortgage Rates Hit a 5-Week High
- Mortgage application volume fell 1.8 percent for the week, according to the Mortgage Bankers Association's seasonally adjusted report. learn more
- Mortgage Credit Tightens in August
- Mortgage credit tightened marginally in August for the first time in four months, the Mortgage Bankers Association reported. learn more
- House Republicans Unveil Plan to Make Individuals' Tax Cuts Permanent
- House Republicans have introduced legislation to lock in cuts to individual tax rates beyond 2025, a proposal that will have trouble advancing in the Senate but which sends a signal about GOP priorities ahead of competitive midterm elections. learn more
- Mortgage Biz Off 4 Wks in Row Despite Purchase Bump
- New mortgage business retreated for the fourth consecutive week, with the holiday dragging down the latest seven-day period. according to the Mortgage Daily U.S. Mortgage Market Index. learn more
- CFPB Posts Rule Explaining how HMDA Exemptions Will Work
- The reg relief law, signed in May, exempts roughly 85% of banks and credit unions from reporting the expanded Home Mortgage Disclosure Act data points introduced for the 2018 reporting year. learn more
Legislative Issues Preview Guide- This publication provides a comprehensive summary of banking issues expected to be debated by the state legislature in its upcoming session. learn more
- Legislative Issues Preview Guide
- This publication provides a comprehensive summary of banking issues expected to be debated by the state legislature in its upcoming session. learn more
- Legislative Issues Preview Guide
- This publication provides a comprehensive summary of banking issues expected to be debated by the state legislature in its upcoming session. learn more
- Legislative Issues Preview Guide
- This publication provides a comprehensive summary of banking issues expected to be debated by the state legislature in its upcoming session. learn more
- Legislative Issues Preview Guide
- This publication provides a comprehensive summary of banking issues expected to be debated by the state legislature in its upcoming session. learn more
- Legislative Issues Preview Guide
- This publication provides a comprehensive summary of banking issues expected to be debated by the state legislature in its upcoming session. learn more
- Legislative Issues Preview Guide
- This publication provides a comprehensive summary of banking issues expected to be debated by the state legislature in its upcoming session. learn more
- Legislative Issues Preview Guide
- This publication provides a comprehensive summary of banking issues expected to be debated by the state legislature in its upcoming session. learn more
- Legislative Issues Preview Guide
- This publication provides a comprehensive summary of banking issues expected to be debated by the state legislature in its upcoming session. learn more
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