Featured Articles

Agencies release list of distressed or underserved non-metropolitan middle-income geographies
The federal bank and thrift regulatory agencies has announced the availability of the 2009 list of distressed or underserved non-metropolitan middle-income geographies in which revitalization or stabilization activities will receive... Read more
What to do when clients think rates are dropping
The question in the title is one all of us are currently facing. The news keeps telling us that even though rates are at an all-time low, they are likely to drop even further. News like this is causing our clients to delay refinancing and... Read more
An industry of change: Mortgage brokers can expect more changes that will affect their process and procedures of loan production and operations
As you know, in 2008, several compliance changes occurred that will affect the broker operations in 2009. In the month of May, two new changes, the Red Flag Rules and the Home Valuation Code of Conduct (HVCC), go into affect unless... Read more
FDIC Q1 of 2009 State Profiles now available
The First Quarter 2009 FDIC State Profiles are now available online. The FDIC State Profiles are formatted as a quarterly data sheet summation of economic and banking conditions for all fifty states, Puerto Rico, and the Virgin Islands.... Read more
Appraisal Institute at United Nations: Worldwide valuation standards needed
Addressing the need for transparency and accountability in the worldwide valuation profession, the president of the nation’s largest appraisal organization, the Appraisal Institute, called for uniform valuation standards to advance... Read more
HUD approves tax credit loans for FHA mortgages
The U.S. Department of Housing and Urban Development (HUD) has issued guidance allowing Federal Housing Administration (FHA)-approved lenders to provide loans to borrowers eligible for the $8,000 first-time homebuyer tax credit. Mortgagee... Read more
MBA reports 2008 commercial/multifamily originations down 65 percent to $181 billion
The commercial/multifamily mortgage origination volumes decreased 65 percent in 2008, with mortgage bankers closing $181.4 billion in commercial and multifamily loans; according to the Mortgage Bankers Association's 2008 Commercial Real... Read more
Freddie Mac PMMS: Rates climb in response to rise in bond yields
Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 5.29 percent with an average 0.7 point for the week ending June 4, 2009, up from last week when it... Read more
NAHB: Bolstering GSEs key to the future of the nation's housing finance system
In contemplating the future status of housing government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, the National Association of Home Builders (NAHB) has told Congress it is critical for the federal government to provide a... Read more
MBA's Berman testifies on present and future of GSEs
Michael D. Berman, CMB, vice chairman of the Mortgage Bankers Association (MBA), has testified before the House Financial Services Subcommittee on Capital Markets, Insurance and the Government Sponsored Entities at a hearing titled, "The... Read more