The government-sponsored enterprises (GSEs) have been under the conservatorship of the federal government since the 2008 financial crisis, and for some time now many in the mortgage industry have thought this should end. But what is the goal of ending the conservatorships for Fannie Mae and Freddie Mac? GSE reform was up for debate at […]
What’s the goal of ending the Fannie and Freddie conservatorship? Read More »
The Mortgage Bankers Association (MBA) highlighted the deregulatory efforts of the Trump administration at its Secondary and Capital Markets Conference in New York this week, including work at the CFPB. But on the topic of releasing the government-sponsored enterprises (GSEs) from conservatorship, MBA president and CEO Bob Broeksmit said he isn’t expecting action anytime soon.
MBA’s Bob Broeksmit: ‘The CFPB is listening’ to industry concerns Read More »
What you might have heard about Ginnie Mae is simply rumor, according to Joe Gormley, the government-owned company’s executive vice president and chief operating officer. Gormley says that Ginnie Mae has adequate staffing to fulfill its mission, has no plans to shrink the size of issuers and furthermore is happily accepting new issuers. In a
Joe Gormley addresses pesky rumors about Ginnie Mae Read More »
From left: New York Fed President John Williams and MBA Chair and President of Lennar Mortgage Laura Escobar The strength of U.S. consumers has kept the economy resilient, but recent developments raise the likelihood of a slowdown in 2025, according to a leading Federal Reserve official. Frequently changing tariff policy and the threat of geopolitical
Fed’s Williams flags tariff risks, signals 2025 slowdown Read More »
The Mortgage Bankers Association (MBA) announced on Friday afternoon that Kaitlin Hildner has joined the association, taking on the role of Associate Vice President of Loan Administration Policy. In her role, Hildner will help lead the development and implementation of MBA’s strategy on legislative, regulatory and other industry issues related to loan administration and mortgage
MBA brings on Kaitlin Hildner in policy role Read More »
As the debate over tax reform continues to play out in Congress, housing organizations are lauding the housing provisions in the House of Representatives‘ Ways and Means Committee’s current tax proposal. The National Housing Conference (NHC) praised the housing provisions included in the current draft of the bill through a statement from David Dworkin, its
MBA and NHC express support for housing provisions in GOP tax bill Read More »
The delinquency rate for U.S. residential mortgages rose slightly in the first quarter of 2025. This was partially driven by an uptick in conventional loan delinquencies and rising foreclosure inventory, particularly among loans backed by the U.S. Department of Veterans Affairs (VA). The Mortgage Bankers Association (MBA) reported Tuesday that the seasonally adjusted delinquency rate
Mortgage delinquencies rise slightly in Q1 Read More »
The Mortgage Bankers Association (MBA) submitted a formal request to the White House Office of Management and Budget (OMB) on Monday, asking for the rescission of six rules and revisions to nine others that affect the mortgage industry. These include regulations tied to servicing, the Real Estate Settlement Procedures Act (RESPA) and loan officer compensation,
MBA urges overhaul of mortgage rules in letter to OMB Read More »
The weekly pending home sales picked up this week as expected, with 2.6% more pending home sales contracts started than a year ago. If you’re following the data closely, you know that home sales are still running at or below last year’s pace. Year to date, through the first week of May, we count 3%
More home sellers and home sales in May Read More »