March 15, 2018
FinTech Disrupting The Mortgage Industry
Researchers at the NY Fed have posted The Role of Technology in Mortgage Lending. There is no doubt that tech can disrupt the mortgage lending business much as it has done with others. The abstract reads, Technology-based (“FinTech”) lenders increased … Continue reading
March 15, 2018 in Federal Reserve Board | Permalink | No Comments
March 14, 2018
The Importance of Mortgage Data
Senate Bill 2155 is looking like it will be enacted and reduce the amount of data collected pursuant to the Home Mortgage Disclosure Act. The Federal Reserve Bulletin includes a report that demonstrates just how useful that data is, Residential Mortgage Lending … Continue reading
March 14, 2018 in Federal Reserve Board | Permalink | No Comments
November 9, 2017
Your Lender, The Federal Reserve Board
Laurie Goodman and Bing Bai at the Urban Institute have posted Normalizing the Federal Reserve’s Balance Sheet The Impact on the Mortgage-Backed Securities Market. It is quite extraordinary to realize that the Federal Reserve owns nearly a third of outstanding residential … Continue reading
November 9, 2017 in Federal Reserve Board | Permalink | No Comments
February 2, 2017
Mortgage Rates & Refis
TheStreet.com quoted me in Mortgage Rates Expected to Rise and Push Down Refinancing Levels. It reads, in part, Mortgage rates will continue their upward climb in 2017 as the economy demonstrates additional growth and inflation, but this will of course dampen … Continue reading
February 2, 2017 in Federal Reserve Board | Permalink | No Comments
May 11, 2016
Consumer Protection’s Holy Grail
The Federal Financial Institutions Examination Council (FFIEC) has issued a notice and request for comment regarding the Uniform Interagency Consumer Compliance Rating System (the CC Rating System). The FFIEC’s six members represent the Federal Reserve Board, Federal Deposit Insurance Corporation, National Credit … Continue reading
May 11, 2016 in Federal Reserve Board | Permalink | No Comments
April 1, 2015
Mortgaging the Future
The Federal Reserve Bank of San Francisco’s most recent Economic Letter is titled Mortgaging the Future? In it, Òscar Jordà, Moritz Schularick, and Alan M. Taylor evaluate the “Great Mortgaging” of the American economy: In the six decades following World War … Continue reading
April 1, 2015 in Federal Reserve Board | Permalink | No Comments
January 9, 2015
S&P’s Upbeat Outlook on Mortgage Market
S&P posted U.S. RMBS Roundtable: Mortgage Origination And Securitization In The Post-Qualified Mortgage/Ability-To-Repay Market. The roundtable discussion offers views on many aspects of the 2015 mortgage market, but I found this passage to be particularly interesting: Originators agreed loans that … Continue reading
January 9, 2015 in Federal Reserve Board | Permalink | No Comments
