RealEstateRama Authors Posts by ABA
Banks that originate residential mortgage loans have to decide how to manage the new asset, including whether to place the loan in portfolio or sell it into the secondary market. Increasingly many banks are opting to sell those loans, and the servicing rights, for a variety of reasons, including complex and costly servicing regulations. To ensure community banks get the top-tier pricing and service necessary to stay competitive in their local markets, the American Bankers Association has endorsed AmeriHome Mortgage Company’s secondary market services.
Real estate lenders will explore ways to broaden their competitive edge and enhance their lending potential at the American Bankers Association’s Real Estate Lending Conference in Orlando, March 29-31.
“We congratulate HUD Secretary-designate Carson on the Senate Banking Committee’s vote to confirm him. Dr. Carson will bring a fresh perspective to the department, and we look forward to working with him to create a vibrant housing market that helps our nation’s communities and economy thrive
Millennials looking to make their next housing move face a tough decision – to rent as prices continue to soar but with the flexibility to come and go, or to commit to the world of homeownership and all of its demands while interest rates are near historic lows. In recognition of American Housing Month, the American Bankers Association Foundation is highlighting sixquestions for millennials to consider when deciding to rent or buy.
In recognition of American Housing Month, the American Bankers Association Foundation and banks across the country are offering consumers valuable housing information throughout the month of June. The ABA Foundation will provide renters and homeowners with tips for choosing the right home, saving for a down payment and preparing a senior to ‘age in place.’
Eighty-six percent of the typical bank’s mortgage loans made last year were “qualified mortgages,” according to the American Bankers Association’s 23rd annual Real Estate Lending Survey. Despite an increase in non-QM lending, the survey results revealed that 72 percent of respondents expect the Consumer Financial Protection Bureau’s mortgage lending rules will continue to cause a reduction in credit availability.
WASHINGTON – (RealEstateRama) — ABA Community Bank Mortgage LLC, a subsidiary of the American Bankers Association, has selected BOK Financial Correspondent Lending as its...
Banks are still struggling to comply with the Consumer Financial Protection Bureau’s 2015 TILA-RESPA Integrated Disclosure rule, or TRID, according to an American Bankers Association survey. The survey, conducted in February of this year, found that 25 percent of respondents have eliminated certain mortgage products because the rule does not provide enough clarity. Some of the offerings banks have eliminated include construction loans, adjustable rate mortgages, home equity loans or payment frequency options.
The American Bankers Association – through its subsidiary the Corporation for American Banking – has endorsed the mortgage insurance solutions of Arch Mortgage Insurance Company?, a leading provider of private mortgage insurance and a wholly-owned subsidiary of Arch Capital Group Ltd.
The American Bankers Association Community Engagement Foundation is accepting entries for the 2015 Community Commitment Awards through July 1. The Community Commitment Awards recognize innovative and high impact projects and programs in seven categories, including ‘Affordable Housing’ – a topic of particular importance during June’s “American Housing Month.” ABA will present the awards at its annual convention in Los Angeles, Nov. 8-10.CCAVideoIcon.jpg
The vast majority of older Americans want to remain in their homes as they grow older, also known as aging in place. More than 90 percent of the baby boomer population prefer to age in place, according to a recent Georgetown University survey.
Ninety percent of the typical bank’s mortgage loans made last year were “qualified mortgages,” according to the American Bankers Association’s 22nd annual Real Estate Lending Survey. The survey results, released today, revealed that nearly 80 percent of respondents expect the Consumer Financial Protection Bureau’s mortgage lending rules will continue to cause a reduction in credit availability with 19 percent characterizing the impact as severe.
WASHINGTON, D.C. - May 15, 2013 - (RealEstateRama) -- Legal, housing and community development experts, including representatives from the U.S. Department of Housing and Urban Development, will discuss how to rebuild and create stronger communities devastated by disaster at the American Bar Association 22nd Annual Forum on Affordable Housing and Community Development Law Conference May 22-24 at the Mandarin Oriental Hotel in Washington, D.C.
WASHINGTON, D.C. - May 1, 2013 - (RealEstateRama) -- What are the most pressing legal issues faced by people experiencing homelessness and poverty after Hurricane Sandy, and what can lawyers do to support efforts to address these issues
WASHINGTON, D.C. - April 25, 2013 - (RealEstateRama) -- Legal experts, including representatives from the U.S. Senate Finance Committee, U.S. Department of the Treasury and the Internal Revenue Service, will discuss tax, real property and estate planning issues related to high wealth industry groups, same-sex spouse beneficiaries and confiscated property at the 24
WASHINGTON, DC - May 11, 2012 - (RealEstateRama) -- Community Bank Mortgage LLC, a subsidiary of the American Bankers Association, has renewed its agreement with SunTrust Mortgage Inc. as one of the program's preferred secondary market investors. With this partnership, Community Bank Mortgage LLC owner banks can sell loans on a servicing-released basis to SunTrust Mortgage and access their full line of products, including jumbo loans.
WASHINGTON, DC - May 7, 2012 - (RealEstateRama) -- Community Bank Mortgage LLC, an American Bankers Association subsidiary, paid out $2.15 million in 2011 to participating banker-owners who sold loans to LLC affiliates. The average payout to active owners was $50,026
WASHINGTON, DC - May 4, 2012 - (RealEstateRama) -- Business Solutions, an American Bankers Association subsidiary, announced that its free Mortgage Solutions programs saved actively participating ABA member banks more than $26.7 million in 2011.
Private, Public Sector Construction Activity Continue on Opposite Tracks as Private Activity is Up...
WASHINGTON, DC - May 3, 2012 - (RealEstateRama) -- In a letter today, ABA along with the entire industry of mortgage lenders and real estate service providers reiterated our unified position that the CFPB's Qualified Mortgage rule must include a legal safe harbor with clear standards in order to preserve sustainable mortgage credit.
WASHINGTON, DC - April 18, 2012 - (RealEstateRama) -- “A broadly defined Qualified Mortgage (QM) rule that includes a safe harbor from meritless lawsuits is essential to preserving credit availability and supporting the housing recovery,” said Frank Keating, president and CEO of the American Bankers Association.