Upbeat FHA outlook in Trump budget renews calls for premium reduction – National Mortgage News 2/13/18

  February 13, 2018 As reported by Brian Collins in National Mortgage News, while the Federal Housing Administration mortgage insurance program is expected to be very profitable in the coming fiscal year, renewing calls for a reduction in premiums for home buyers, this does not appear to be under consideration by the Trump … Continue reading

Small-lender trade groups blast GSE plan – Scotsman Guide 1/26/18

January 26, 2018 “Two community mortgage-lender trade associations say they have serious concerns about a recent report on how a government-sponsored enterprise (GSE) reform bill is evolving in the U.S. Senate Committee on Banking, Housing & Urban Affairs.” – (Victor Whitman, Scotsmanguide.com, 1/26/18) Click Here for full article.  

Federal regulator calls for turning GSEs into utilities – Scotsman Guide 1/18/18

January 18, 2018 As reported in Scotsman Guide, FHFA Director Mel Watt has outlined the agency’s recommended approach to reform the GSEs. Declaring that the conservatorship of Fannie Mae and Freddie Mac is unsustainable, he has proposed that they be turned into shareholder-owned utilities. Click Here for full article.  

Mortgage lenders ask CFPB’s Mulvaney to delay HMDA rule – National Mortgage News 12/13/17

December 13, 2017 As reported by Kate Berry in National Mortgage News, in a letter to CFPB’s acting director, Mick Mulvaney, the Community Home Lenders Association have requested a delay in implementing the expanded requirements of the HMDA and a safe harbor for lenders showing good-faith compliance. Click Here for full … Continue reading

Senators ready mortgage servicing fix as tax reform nears finish line – National Mortgage News 12/01/17

December 01 2017 As reported by Brian Collins in National Mortgage News, with the passage of the tax reform bill by the Senate appearing to be a certainty, Sen. Mike Rounds, R-S.D., has sponsored an amendment to exempt mortgage servicers from a provision which requires them to pay taxes upfront … Continue reading

FHA premium cut still may not happen after Montgomery is confirmed – National Mortgage News 11/29/17

November 29,2017 As reported by Brian Collins in today’s National Mortgage News,  though it seems likely that Brian Montgomery will once again serve as FHA commissioner, his ability to answer calls by community mortgage lenders to reduce mortgage insurance premiums may prove difficult. Click Here for full article.