Community bankers want to make sure they have access to the secondary mortgage market – including the ability to retain servicing rights – when the dust settles from housing-finance reform. The Independent Community Bankers of America and National Association of Federally Insured Credit Unions were among those that testified at a House Financial Services Subcommittee on Housing and Insurance hearing this week. Representing ICBA, Sam Vallandingham, president and CEO of ...
Brian Montgomery, President Trump’s nominee for FHA commissioner, expressed concern that federal housing regulators may have been adversarial in their treatment of mortgage lenders in their effort to stem losses and protect the FHA insurance fund. Testifying during his confirmation hearing before the Senate Committee on Banking, Housing and Urban Affairs this week, Montgomery said regulators must do better providing clarity to lenders. “It’s time we treat [lenders] more like ...
Among the standouts in terms of lending growth were Freedom Mortgage, Caliber Home Loans, United Wholesale, and Home Point Financial, Inside Mortgage Finance found…
Speaking at the MBA convention, one executive said that under current rules, bank holdings of MSRs are treated more harshly than holdings of Greek bonds.
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