Future of the Mortgage Industry to be Decided in Tidal Wave of Regulations (in Next 6 Months)

David H. Stevens , President and CEO of the Mortgage Bankers Association (MBA) , told member of the Exchequer Club on Wednesday that in the 12 months since he last addressed them there had been some progress in clearing the uncertainty of a year earlier and an improving housing market. The first of the rules mandated under Dodd Frank have come out of the Consumer Financial Protection Bureau (CFPB) and the housing market appears to be in a broad recovery. The new regulations, he said, will help shape...

Reaching 70% Purchase Volume in 2013 - A Lofty Goal?; Investor and M&A Updates; Mortgage Jobs

" Total debt service payments as percentage of disposable income have fallen from a peak of 14.1% in 7/07 to just 10.6% today, a level last seen in 10/93; a decline of 25%. This is due to a combination of low interest rates , rising disposable income, and lots of mortgage defaults, which have reduced household debt from 100% of GDP in 4/09 to just 86% now." So writes economist Elliot F. Eisenberg, Ph.D. Maybe we'll arrive at the point where no one with good credit needs credit, or has debt payments...

• Builder Confidence Index Stalls after Eight Months of Improvement
• Freddie Mac Says Hybrid ARMs most Popular of an Unpopular Product
• Despite Economic Uncertainties, "Housing Market is Healing"
• Annual Home Price Increase is Largest Since 2006
• MBS RECAP: Similar Trading Day, More Resilient Afternoon
• Mortgage Rates Modestly Higher, Some Lenders More Than Others

Micro News

Around the Web

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• Growth held down by fiscal worries: Beige Book
• Strong Mortgage Banking Drives U.S. Bancorp's Results
• FHA Woes May Spark D.C. Talks on Housing Finance Overhaul

Video News

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Today's Comments

	"The HVCC expired November 2010. Lenders and Banks do not have to use AMCs. Added appraisal requirements are placed there by regulatory agencies. The appraisers..."
	"Matt, "The" best explanation for the candlestick graph I have seen, and, great commentary as usual. The pundits say the economy is back. All..."
	"What an absolute travesty; when you let the govt. infiltrate and run an entire industry (health, mortgage, etc.) you lose a little (or a lot) of your freedom..."

Today's Q&A