The FHFA has the authority to require the GSEs to buy chattel loans for manufactured housing, but it decided not to exercise this option...

A proposal from the Basel Committee on Banking Supervision regarding banks’ interest rate risk includes provisions that would be “a step backward,” according to the Mortgage Bankers Association.In June, the BCBS issued a consultative document on the risk management, capital treatment and supervision of interest rate risk in its banking book. The committee of 28 regulatory bodies, including the United States, said the proposal aims to ...

What do nonbanks think about depositories avoiding the wholesale/broker sector? They love it.

 Fannie Research Shows House Price Decline for Some Oil States: The prospect of an oil bust draws comparisons to the housing slump of the 1980s in Fannie Mae’s  research released Aug. 28. While most Americans enjoyed lower gasoline prices over that period, severe employment losses occurred within the oil industry, and many oil-producing states experienced general economic slowdowns and declining house prices. North Dakota, Wyoming and Alaska are most at risk.     …

The U.S. Court of Appeals for the Eighth Circuit this week affirmed rulings from lower courts, noting that the “change in terms” agreement between Lapides and the lender was unenforceable.

For the year ending Sept. 30, 2014 MBA took in revenue of $51.9 million versus $39.1 million in expenses for a net profit of $12.7 million.

A spokesman for the NYDFS admitted that, “We’re constantly trying to improve our processing times, but we know that we have a lot of work to do..."

ABA said all stakeholders believe that clearer and more effective mortgage disclosures are important and worthwhile.

Among the top 10 companies in the complaint database, two mortgage servicers showed improved performance: Ocwen and Nationstar.

Effective Oct. 1, 2015, the upfront g-fee for USDA purchase and refinance loans will be raised to 2.75 percent from 2.00 percent.