Mortage News National Mortgage Professional Magazine
Subscribe

Mortage News

The Financial Crimes Enforcement Network (FinCEN) has revised its Geographic Targeting Orders (GTOs)
 Trade Groups Oppose NCUA Proposal on Appraisal Threshold
  A coalition of 18 appraisal industry trade organizations has voiced its concern over a proposal by the National Credit Union Administration (NCUA) to increase the appraisal threshold for non-residential real estate loans from the... Read more
The newly branded “Bureau of Consumer Financial Protection,” formerly known as the “Consumer Financial Protection Bureau,” has announced a settlement with Wells Fargo Bank
 CFPB Name Change Could Cost Businesses $300M
The effort by Mick Mulvaney to change the name of the Consumer Financial Protection Bureau (CFPB) to the Bureau of Consumer Financial Protection (BCFP) could cost the businesses regulated by the agency more than $300 million, according... Read more
Builder confidence in the multifamily remained solid as inventory grew slightly in the first quarter, according to a pair of data reports
 Q3 Delinquency Rates Low for Commercial and Multifamily Mortgages
Commercial and multifamily mortgage loans recorded low delinquency rates during the third quarter, according to new data from the Mortgage Bankers Association (MBA).   On a quarter-over-quarter measurement based on the unpaid principal... Read more
Home prices are still rising, and increased levels of mortgage credit availability are helping unite borrowers with properties, according to two new data reports
 Home Prices Still Rising, Albeit Slowly
  Home prices during October increased year-over-year in October by 5.4 percent, according to new data from CoreLogic. This represents the fourth consecutive month that annualized price growth was below the 6 percent level. On a month-... Read more
The Federal Housing Finance Agency (FHFA) Office of Inspector General (OIG) completed its report on charges of sexual harassment leveled against Mel Watt, the agency’s Director
 FHFA OIG Completes Report on Watt Misconduct Charges
The Federal Housing Finance Agency (FHFA) Office of Inspector General (OIG) completed its report on charges of sexual harassment leveled against Mel Watt, the agency’s Director.   Watt has been accused of sexual harassment by Simone Grimes... Read more
The delinquency rate for US commercial real estate loans in commercial mortgage-backed securities (CMBS) reached 3.33 percent in November
 CMBS Delinquency Rate at New Post-Crisis Low
The delinquency rate for US commercial real estate loans in commercial mortgage-backed securities (CMBS) reached 3.33 percent in November, down 3.42 percent in October and down from 5.18 percent from one year ago, according to new data... Read more
The frequency of defects, fraudulence and misrepresentation in the information submitted in October for mortgage applications was down by 4.8 percent from one year ago, according to data from First American Financial Corp.
 Loan Defects Down From Last Year
The frequency of defects, fraudulence and misrepresentation in the information submitted in October for mortgage applications was down by 4.8 percent from one year ago, according to data from First American Financial Corp. On a month-over-... Read more
https://thehill.com/policy/finance/419076-ocasio-cortez-seeks-spot-on-house-banking-panel
 McHenry to Become Financial Services Committee’s Ranking Member
Rep. Patrick McHenry (R-NC) was elected by his Republican colleagues to become the ranking member of the House Financial Services Committee when the new Congress begins in January.   McHenry was the Vice Chairman of the Committee under... Read more
The death of George H.W. Bush has brought renewed attention to his presidency’s foreign policy endeavors and his tumultuous approach to domestic policy, including a controversial reversal of his 1988 campaign pledge that he would never raise taxes
 Analysis: George H.W. Bush’s Tenuous Approach to Housing Policy
The death of George H.W. Bush has brought renewed attention to his presidency’s foreign policy endeavors and his tumultuous approach to domestic policy, including a controversial reversal of his 1988 campaign pledge that he would never... Read more
Edumarketing Specialist Ginger Bell joined best-selling author Jack Canfield, originator of the Chicken Soup for the Soul series, along with a select group of experts and professionals around the world to co-author the book, Success Breakthroughs: Leading
 Edumarketing Expert Ginger Bell Hits Amazon Best-Seller List With New Book
Edumarketing Specialist Ginger Bell joined best-selling author Jack Canfield, originator of the Chicken Soup for the Soul series, along with a select group of experts and professionals around the world to co-author the book, Success... Read more