Learn about the Year of the Woman, relief for community banks, the National Stabilization Initiative, and more from our Weekly Roundup!
December 15, 2017
- Current President of the MBA, David Stevens, plans to retire September 2018 and speculation of the next president being female fills the air. This adds to a year where more women are running for office than ever before! Learn more about the “Year of the Woman”.
- And on that note, first-term congresswoman, Claudia Tenney, championed a bill for community banks! The Community Institution Mortgage Relief Act rolls back regulations for small banks enacted after the financial crisis.
- Ever heard of the National Stabilization Initiative? Jointly developed by FHFA, Freddie Mac, & Fannie Mae, and partnering with a large experienced non-profit, the National Community Stabilization Trust, the program is designed to stabilize neighborhoods hardest hit by the housing downturn. Originally working in 18 markets, the program has just been expanded into 28.
- The most expensive home market in the country continues to get more expensive, yet we're also seeing less delinquencies. Times must be good in the Bay Area.
- As nonbank lenders gain ground in the market, giants like Wells Fargo undergo restructuring from scrutiny of the bank's mortgage lending division.
- Need a vendor, but don't know where to begin? Vendor Surf is a search engine full of industry vendors. The site just launched December 12, and is quickly filling up with solutions.