8 Trending Topics from MBA Secondary 2016
May 19, 2016 4:15 PM
From the Common Security Platform and Freddie Mac loan sales to new accounting rules and what direction mortgage rates are headed, there was plenty to debate during this week's MBA Secondary Conference in New York.
Fannie, Freddie Take Opposing Views on Mortgage Rate Outlook
Fannie Mae forecasts forecasts flat to declining 30-year mortgage interest rates this year and next, while Freddie Mac thinks they will increase.
Which Is the T-Rex, and Which Is the Raptor?
Some ferocity should dwindle after the introduction of the Common Security Platform later this year.
Lessons from TRID Help Portfolio Lenders with New Accounting Rule
The experience of updating systems and overhauling workflows that mortgage lenders gleaned from implementing the TILA-RESPA integrated disclosures could prove useful to portfolio lenders as they implement a similarly complex accounting rule for reporting credit losses.
Selling Loans to Freddie Will Soon Get Faster, But There's a Catch
This summer, Freddie Mac will start rolling out a suite of tools that should speed sales of loans to the GSE. Relief from reps and warranties will take longer, however.
Fannie Readies Launch of 'Trended Data' Initiative
The June 25 launch, which will provide lenders with much more information about a borrower's credit history, will mark the first widespread use of trended data in the mortgage industry.
Make Peace, Not War
Taking previous calls for unity one step further, MBA President David Stevens urged attendees to offer the government a hand.
Higher Rates Pose Real Risk to Industry, MBA Economist Says
Despite a weak first quarter for GDP growth, the Mortgage Bankers Association's Mike Fratantoni still predicts that the Fed will raise short-term interest rates this year. That won't necessarily increase mortgage rates, but other variables might.
Candy Crushing It
It wasn't all work, all the time. Vendors might find daunting the job of differentiating themselves from their competitors even more reason to have fun with the task.
