In a recent story in Mortgage Orb, I was asked to comment on the MBA white paper called “GSE Reform: Creating a Sustainable, More Vibrant Secondary Mortgage Market.” The white paper discusses the new MBA proposal to have the GSEs “congressionally re-chartered” (re-privatized) and have the mortgage-backed securities that they issue be “explicitly guaranteed!” I stated that in my opinion, the…
All the big hitters from the mortgage community gathered this week in Boston to discuss and learn about what’s happening in mortgage lending and where do we go from here. In the opening session, the theme was set. The economy is improving (or so they say) and the outlook for housing and mortgage lending is strong. In fact, in the…
I’m attending the 33rd Annual Regional Conference of Mortgage Bankers Associations at Harrah’s new convention center in Atlantic City. Nice place. The residential segment opened yesterday with Barry Habib, Chief Market Strategist of Residential Finance Corp., giving his forecast for interest rates, what will happen to affect them and where the lending opportunities may be in 2016. A great start…
It’s that time of year again; St. Patty’s Day, March Madness, and the Annual Regional Conference of MBA’s, held in Atlantic City each year. This will be the 33rd consecutive conference. This year, the meeting will be held from March 13th through the 17th at the new Convention Center in beautiful Harrah’s Marina Casino/Hotel. The conference begins with a Commercial…
Although it is said that actions speak louder than words, sometimes when the two come together it can have a powerful effect. Such is the case when it comes to the MBA’s Mortgage Action Alliance (MAA). This is a grass roots effort, supported by member firms and their employees, to help facilitate communication with our elected officials to promote industry…
The ink is barely dry on the first loan application taken under the new TRID rules and mortgage lenders have something new (or old) to worry about. CFPB, in its continuing efforts to protect consumers against those unscrupulous lenders out there, has issued its “guidance” on Mortgage Services Agreements (MSAs). The guidance they issued basically says they don’t like these…
