Search for: "Mortgage Bankers Association"
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31 Oct 2022, 8:29 am
In remarks made at the Mortgage Bankers Association Annual Conference, FHFA Director, Sandra Thompson, noted: “The new models bring the benefits of innovation to the table in two ways: FICO 10T and VantageScore 4.0 both provide more accurate credit scores than Classic FICO. [read post]
27 Sep 2022, 12:14 pm
The Center for Responsible Lending (CRL) and the Consumer Bankers Association (CBA) have filed a joint petition with the CFPB that urges the Bureau to engage in rulemaking to define larger participants in the market for personal loans. [read post]
21 Sep 2022, 1:55 pm
The explosion in RON utilization and the benefits it can provide have won it resounding support among many major national interest groups, including ALTA, the National Association of Realtors, and the Mortgage Bankers Association. [read post]
15 Jun 2022, 11:32 am
Banks – i.e., Financial Services Organizations (FSOs) — have been warned, as well, by the American Bar Association. [read post]
17 Apr 2022, 6:49 am
The associate-to-partner tournament is a zero-sum game so associates must run as fast as possible in order to stay ahead of their fellow associates: if any one of them has a win, the chances of promotion for the others takes a hit. [read post]
6 Apr 2022, 11:33 am
According to the weekly measure by the Mortgage Bankers Association today, the average 30-year fixed mortgage rate hit 4.90%, the highest since December 2018. [read post]
3 Mar 2022, 8:00 pm
According to the Mortgage Bankers Association (“MBA”), applications decreased by 13.1% during the week of February 14th (2022), representing its lowest level since December 2019.Refinancings fared even worse, with a recent 15% decrease, marking a 56% drop from this time, last year. [read post]
31 Jan 2022, 5:44 pm
The following statement on the RFI was issued by the American Bankers Association, Bank Policy Institute, Consumer Bankers Association, Credit Union National Association, Financial Services Forum, Independent Community Bankers of America, National Association of Federally-Insured Credit Unions and National Bankers Association: The CFPB’s new Request for Information on fees is a misguided effort that paints… [read post]
9 Jan 2022, 8:00 pm
According to the Bureau of Labor Statistics, pay rose by 4.6 percent for private-sector workers in 2021, and it seems the real-estate market was one of the top beneficiaries of all that extra loot.Mike Fratantoni, chief economist at the Mortgage Bankers Association, recently noted the operative psychological components: “Buying a home is really a statement of confidence in your job situation, your financial situation, your family situation. [read post]
9 Dec 2021, 11:28 am
” The FAQs are divided into sections that address the following: All consumer financial products and services Adjustable-rate mortgage products Private student loan products Home equity lines of credit Credit card products A category of contracts that cannot take advantage of the flexibility provided by the final rule to replace a LIBOR index before it becomes unavailable was the subject of a letter sent by the American Bankers Association and a diverse… [read post]
25 Oct 2021, 9:28 am
The Consumer Bankers Association has released a new white paper, “The Case For Regulation Through Rulemaking & Guidance,” that advocates for the CFPB to use rulemaking and informal written guidance in lieu of attempting to create new industry regulatory standards through enforcement. [read post]
11 Oct 2021, 3:03 pm
The Consumer Bankers Association has sent a letter to Rohit Chopra, the incoming CFPB Director, in which it urges the CFPB to adopt a larger participant rule for fintech consumer lenders. [read post]
27 Jul 2021, 7:14 am
In anticipation of the hearing, a group of seven banking trade groups that includes the American Bankers Association and the Consumer Bankers Association have sent a letter to Senator Sherrod Brown, Chair of the Senate Banking Committee, and Senator Pat Toomey, the Committee’s Ranking Member, that urges the Senators to oppose pending fee and interest rate cap legislation. [read post]
21 Jun 2021, 7:30 am
The Mortgage Bankers Association publishes the Mortgage Credit Availability Index (MCAI), which shows how easy it is for someone to get a mortgage. [read post]
18 Jun 2021, 11:36 am
The Mortgage Bankers Association has sought emergency guidance from the CFPB and the banking regulators on how creditors should deal with these matters. [read post]
5 May 2021, 2:03 pm
Both the Mortgage Bankers Association and the National Association of Mortgage Brokers have been critical of UWM’s action. [read post]
29 Apr 2021, 11:36 am
The Mortgage Bankers Association (MBA) recently released templates, one in a notice form and one in letter form, to advise borrowers with existing adjustable rate mortgage (ARM) loans that use the London Interbank Offered Rate (LIBOR) as the index of the upcoming transition away from LIBOR. [read post]
1 Apr 2021, 9:57 am
Thursday became the largest provider of capital to the multifamily industry in the United States based on the 2020 Mortgage Bankers Association loan origination rankings. [read post]
5 Jan 2021, 2:17 pm
’” (In their comment letter, the associations-which include the American Bankers Association, Consumer Bankers Association, and The Clearing House—also question the OCC’s authority to issue a national bank charter to an uninsured depository institution.) [read post]
29 Oct 2020, 12:27 pm
DocumentID=406472 https://www.worldpropertyjournal.com/real-estate-news/united-states/washington-dc-real-estate-news/real-estate-news-mortgage-bankers-associations-latest-forbearance-and-call-volume-survey-october-2020-covid-19-impact-on-home-mortgages-12195.phpRead More [read post]
