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IMBs and the CRA: A Misguided Match
Should the Community Reinvestment Act (CRA) apply to Independent Mortgage Banks (IMBs)? Federal and state policymakers are asking this very question. A new policy brief from the Mortgage Bankers...
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Servicers are Helping Borrowers Through the Pandemic
As we approach the second anniversary of the onset of the COVID19 pandemic, mortgage loan servicers report that approximately one million homeowners are in active forbearance plans, according to MBA’s...
View ArticleReducing FHA’s MIP
As readers of this blog likely know, MBA has been laser-focused on issues of housing affordability for years. This attention has only grown more urgent in the face of rapidly rising interest rates,...
View ArticleHow Policymakers Can Empower Mortgage Lenders To Deliver More Relief To...
The mortgage industry has always endured wild swings in activity, but these past few years have been even more extreme. After near-death experiences in the spring of 2020 for many companies due to...
View ArticleFHFA Needs a Better Plan on Loan Level Pricing Fees
On March 15th, the Federal Housing Finance Agency (FHFA) announced that it would postpone the implementation of loan level pricing adjustment (LLPA) fees that would be based on a borrowers’...
View ArticleRegulators: Take Steps to Recognize Warehouse Lenders’ Important Role in...
This is a difficult time for the housing industry, and those challenges extend to all corners—not only mortgage lenders but also the warehouse lenders, vendors, title companies, and real estate agents...
View ArticleRent Control Will Deepen the Affordable Housing Crisis
Millions of our fellow Americans are struggling to afford a decent and safe roof over their heads. Governments at all levels, working with the private sector, have many tools for adding to housing...
View ArticleFSOC’s Bid to Regulate Non-Bank Firms Will Harm Consumers, Mortgage Sector
This spring, the Financial Stability Oversight Council (FSOC) issued a proposal that would remove procedural requirements and allow it to fast-track the designation of non-bank financial companies as...
View ArticleProposed Capital Requirements on Big Banks Would Mean Fewer Choices and...
Mortgage interest rates are higher than they have been in 20 years. The supply of affordable housing for purchase or rent is inadequate. These factors are making it harder to address racial...
View ArticleThoughts Ahead of #MBAIMB24: Consumers Benefit from the Large and Diverse...
The calendar has turned to 2024, which means one of my favorite events of the year, MBA’s annual Independent Mortgage Bankers Conference, is right around the corner in New Orleans. IMBs are the...
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