The Pulse National Mortgage Professional Magazine

The Pulse

Federal Reserve Board approves extension of TALF program
The Federal Reserve Board and the Treasury Department have announced that they approved an extension to the Term Asset-Backed Securities Loan Facility (TALF) and that, at this time, they do not anticipate any further additions to the types... Read more
NAHB/Wells Fargo report: Builder confidence continues upward trend
Builder confidence in the market for newly built, single-family homes rose one point in August to its highest level in more than a year, according to the latest reading of the National Association of Home Builders/Wells Fargo Housing... Read more
CampusMBA becomes approved SAFE Act education provider
CampusMBA, the award-winning education division of the Mortgage Bankers Association (MBA), has announced it has been approved as an educational provider through the Nationwide Mortgage Licensing System (NMLS) to offer courses under the... Read more
Fed adjusts fee-based HOEPA trigger to $579
The Federal Reserve Board has published its annual adjustment of the dollar amount of fees that triggers additional disclosure requirements under the Truth in Lending Act for home mortgage loans that bear rates or fees above a certain... Read more
MBA study shows mortgage banker production profits improved in 2008
Mortgage bankers managed to make a marginal profit of $184 per loan on every loan they originated in the second half of 2008 despite lower net warehousing income and higher production operating expenses, according to the Mortgage Bankers... Read more
HUD posts FAQs of new RESPA rule
U.S. Department of Housing and Urban Development Assistant Secretary for Housing-Federal Housing Commissioner David Stevens has announced the first release of frequently asked questions (FAQs) concerning implementation of the new Real... Read more
Ginnie Mae president Joe Murin to announce resignation
Joseph Murin, president of Ginnie Mae, is reportedly set to announce his resignation from his post. Murin will depart his Ginnie Mae post after only a year in his role as president. He was sworn in as the agency's 16th president on July 7... Read more
Freddie Mac reports refinancing borrowers moving into shorter-term fixed-rate loans
Freddie Mac has announced that in the second quarter of 2009, refinancing borrowers overwhelmingly chose fixed-rate loans, regardless of whether their original loan was an adjustable-rate mortgage (ARM) or fixed. Ninety-nine percent of... Read more
MBA releases podcast: "A Financial Analysis of Consumer Mortgage Decisions"
The Mortgage Bankers Association (MBA) has released a podcast recording featuring Michael Fratantoni, MBA's vice president of single family research and Andrew Kalotay, president of Andrew Kalotay Associates, discussing the recent paper, "... Read more
Freddie Mac PMMS: Slight labor market uptick cause mortgage rates to inch upward
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 August 13, 2009, up from last week when it... Read more