Mortgage Bankers Association

Divisions in mortgage industry emerge ahead of 2020 election

08/27/20

Political donations from the sector and interviews with industry experts highlight a wide range of views on affordable housing resources, the appropriate level of regulatory relief and how policymakers should enforce fair housing rules.

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Housing groups seek change to FHA loan restriction on student debt

08/05/20

An industry coalition wants to ensure borrowers who took out certain types of loans to fund their education aren’t locked out of access to historically low mortgage rates.

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Will GOP plan to slash unemployment aid trigger wave of loan defaults?

07/28/20

The enhanced jobless benefits in the coronavirus relief law enacted in March helped limit delinquencies and maintain consumer spending, analysts say. In their follow-up stimulus plan, Senate Republicans want to cut those benefits from $600 to $200 a week.

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Wells Fargo expands nonconforming jumbo refi loan criteria

07/10/20

However, those who aren't current bank customers need to have $1 million in a qualifying account.

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Wells Fargo hires Flagstar Bank's Kristy Fercho to lead home lending

07/09/20

Fercho will join Wells Fargo in August and report to Mike Weinbach, the bank's CEO of consumer lending.

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Lenders in the construction market hold their breath as economy reopens

06/16/20

The availability of some loans used to build homes dried up due to the coronavirus. Opening up the economy may help if it doesn't lead to a spike in infections, and if consumer demand persists.

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FHFA close to unveiling capital plan for privatized GSEs

05/19/20

Director Mark Calabria, who abandoned the Fannie and Freddie capital proposal written by his predecessor, said he expects a revised framework to be ready “very soon.”

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Mortgage forbearance requests surged as coronavirus spread

04/07/20

The share of borrowers seeking payment relief rose more than tenfold as COVID-19 concerns grew and authorities encouraged the practice, according to the Mortgage Bankers Association.

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Lenders back push from hotels to access crisis-era program

03/25/20

With seven in 10 rooms sitting empty amid the coronavirus outbreak, hotel and banking groups are urging policymakers to open up the Term Asset-Backed Securities Loan Facility.

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Refinance mortgage applications reach highest level since 2013

02/12/20

Refinance application activity last week was the highest in nearly seven years, with more than triple the volume from one year ago, according to the Mortgage Bankers Association.

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