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New HMDA Data Shows Mortgage Market Continues to Exclude Black and Latino Borrowers
The Federal Financial Institutions Examination Council (FFIEC) released its 2019 Home Mortgage Disclosure Act (HMDA) data this week, covering the vast majority of mortgages made in the United States in the past year. Like previous years, the data revealed that borrowers of color remain underserved in the conventional market
FEMA Offers Free Rebuilding Tips at Local Home Improvement Stores
Disaster survivors affected by the severe storms and floods from Tropical Storm Imelda, can visit local home improvement stores in Houston, Pasadena and Webster for rebuilding tips from mitigation experts.
FFIEC Announces Availability of 2019 Data on Mortgage Lending
The Federal Financial Institutions Examination Council (FFIEC) today announced the availability of data on 2019 mortgage lending transactions at 5,508 U.S. financial institutions covered by the Home Mortgage Disclosure Act (HMDA).
Senior Housing Wealth Reaches $7.54 Trillion
Homeowners 62 and older saw their housing wealth grow by 1.6 percent or $120 billion in the first quarter to a record $7.54 trillion from Q4 2019, the National Reverse Mortgage Lenders Association reported today in its quarterly release of the NRMLA/RiskSpan Reverse Mortgage Market Index.
Matt Rocco of Grandbridge Real Estate Capital Nominated to be 2021 MBA Vice Chairman...
The Mortgage Bankers Association (MBA) announced that Matthew G. Rocco, Sr., Chairman of the Board and Chief Executive Officer of Grandbridge Real Estate Capital
Share of Mortgage Loans in Forbearance Decreases Slightly to 8.47%
The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey revealed that the total number of loans now in forbearance decreased by 1 basis point from 8.48% of servicers' portfolio volume in the prior week to 8.47% as of June
What to Know About Buying a Home During a Pandemic
So you want to purchase a home, but the coronavirus pandemic has turned life upside down. Many non-essential businesses are closed, people have been advised to remain close to home, and social distancing is ideal when interacting in person. Not to mention, with unemployment rates continuing to rise, banks have changed regulations to try and reduce their risks.
New Home Sales Jump in May as Housing Rebound Continues
In a further sign that the housing market is rebounding from the COVID-19 pandemic, sales of newly built, single-family homes rose 16.6 percent to a seasonally adjusted annual rate of 676,000 units in May from a downwardly revised reading in April
Federal Housing Administration Announces Guidance for Insuring Single Family Home Mortgages in Forbearance
The Federal Housing Administration (FHA) announced a new, temporary policy that provides guidance for lenders to obtain FHA insurance endorsements on mortgages where the borrower
Share of Mortgage Loans in Forbearance Increases to 8.36%
The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey revealed that the total number of loans now in forbearance increased from 8.16% of servicers' portfolio volume in the prior week to 8.36% as of May 17, 2020
VA, multiple agencies launch Joint Mortgage and Housing Assistance website for Americans impacted by...
To ensure homeowners and renters have current and accurate housing assistance information during the COVID-19 pandemic, the U.S. Department of Veterans Affairs (VA) today
Guaranteed Rate to Pay $15 Million to Resolve Allegations it Knowingly Caused False Claims...
Guaranteed Rate, Inc. has agreed to pay the United States $15.06 million to resolve allegations that it violated the False Claims Act and the Financial Institutions Reform, Recovery and Enforcement Act of 1989 (FIRREA) by knowingly
Share of Mortgage Loans in Forbearance Increases to 8.16%
The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey revealed that the total number of loans now in forbearance increased from 7.91% of servicers' portfolio volume in the prior week
MBA Statement on FHFA’s Announcement on Refinance and Home Purchase Eligibility for Homeowners in...
MBA President and CEO Robert D. Broeksmit, CMB, released the following statement regarding the Federal Housing Finance Agency's (FHFA) announcement on refinance and home purchase
Share of Mortgage Loans in Forbearance Increases to 7.91%
The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey revealed that the total number of loans now in forbearance increased from 7.54% of servicers' portfolio volume in the prior week to 7.91%
April New Home Purchase Mortgage Applications Decreased 12 Percent
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for April 2020 shows mortgage applications for new home purchases decreased 12 percent compared from a year ago.
MISMO® Launches Initiative to Apply Digital Mortgage Standards to the Loan Modification Process
MISMO®, the mortgage industry's standards organization, is seeking industry participants to join its initiative of applying digital mortgage standards, guidelines, and best practices
FHFA Mortgage Servicer Plan Only a First Step
"FHFA’s commitment to provide partial support to GSE mortgage servicers during this unimaginable national challenge is an important step, but only a first step. Additional efforts are needed to ensure servicers are able to provide the support to consumers promised by Congress.
3 Observations about property price trends in Australia
Housing is among the most valuable assets owned by most Australian households. It is a significant element of household wealth and provides a unique role as a valuable investment. With most people having secured small business loans and mortgages against residential homes in Australia, housing plays a significant role in balancing the financial sector.
MBA Statement on FHFA’s Announcement on Purchasing Qualified Loans in Forbearance
MBA President and CEO Robert D. Broeksmit, CMB, released the following statement regarding the Federal Housing Finance Agency's (FHFA) announcement on purchasing qualified loans in forbearance.
