Mortgage technology costs are skyrocketing for lenders in the current fintech world. At the same time, employee productivity is declining.
To keep up with the ever-increasing complexities of originating a loan, a growing number of mortgage lenders are considering alternatives to the typical loan origination system deployment.
Read on for tips from Stratmor Principal Andrew Weiss on the opportunities for lenders to customize their platforms with multiple vendors.
New Federal Housing Finance Agency Director Mark Calabria recently laid out his vision for Fannie Mae and Freddie Mac reforms before members of the Mortgage Bankers Association and National Realtors Association.
Calabria said now is the time to take action to improve government-sponsored enterprises.
Read on for highlights of Calabria’s remarks at the MBA’s National Secondary Market Conference & Expo in New York City and NAR’s Regulatory Issues Forum in Washington, D.C.
An improving economy will translate to stronger home sales in the second half of 2019, according to experts who spoke at the National Association of Realtors’ annual real estate forum.
Lawrence Yun, NAR’s chief economist, delivered his 2019 midyear forecast recently at the 2019 Realtors Legislative Meetings & Trade Expo.
Read on for more home sale analysis from Young, Realtor.com and a New York University associate finance professor.
President Donald Trump highlighted the importance of real estate professionals in the housing industry Friday before a record-setting crowd at the National Association of Realtors’ Legislative Meetings & Trade Expo in Washington, D.C.
Trump discussed deregulation and the banks, housing finance reform, association health plans, opportunity zones and other Realtor priorities.
Read on for highlights of Trump’s remarks and for reaction from NAR President John Smaby.
President Donald Trump will address the National Association of Realtors (NAR) Friday at the Realtors Legislative Meetings & Trade Expo in Washington, DC.
Trump will speak at the Marriott Wardman Park Hotel. Throughout the week, Realtors will attend educational sessions, participate in forums and discuss key legislative and regulatory issues with members of Congress, regulatory agency officials and top industry leaders.
Read on for comments from NAR President John Smaby.
The delinquency rate for mortgage loans on one-to-four-unit residential properties rose to a seasonally adjusted rate of 4.42 percent of all loans outstanding at the end of the first quarter of 2019.
But the foreclosure inventory rate is still at its lowest level since 1995, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey.
Read on for key takeaways from the MBA’s most recent delinquency survey.
After 10 months as the Consumer Financial Protection Bureau (CFPB)’s acting deputy director, Brian Johnson now permanently holds that title.
He became acting deputy director in July 2018 following the resignation of former Deputy Director Leandra English. The CFPB also recently announced other changes to its senior leadership and executive teams.
Read on to see who else the bureau added to four other key positions, and reaction from CFPB Director Kathy Kraninger.
Representatives from the National Association of Realtors met with White House officials Wednesday to discuss industry support for the administration’s Association Health Plan rule.
The meeting came on the heels of NAR’s call for the Department of Justice to defend the U.S. Department of Labor’s regulatory authority to support AHPs.
Read on for remarks from NAR President John Smaby on why self-employed Realtors need an alternative to the Affordable Care Act.
Ginnie Mae has issued a request for information (RFI) seeking feedback on potential changes to loan eligibility for pooling of mortgages into its security.
The publication of the RFI follows policy changes already implemented by Ginnie Mae and the Department of Veteran’s Affairs (VA) to address concerns over loan churning in some mortgages pooled in Ginnie Mae mortgage-backed securities (MBS).
Read on for details from the RFI.
The Nationwide Multistate Licensing System (NMLS) has published a set of FAQs clarifying who has “temporary authority” to act as mortgage loan originators due to amendments to the Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155).
The act, which was signed into law May 24, adds a new section entitled “Employment Transition of Loan Originators” that becomes effective Nov. 24.
Read on for details from the new FAQs.
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