NFIP gets short-term extension; needs long-term solution

NFIP gets short-term extension; needs long-term solution

Written By: Joel Palmer, Op-Ed Writer

The National Flood Insurance Program (NFIP), set to expire in the coming weeks, was extended by President Trump earlier this month. But its future is as challenging to forecast as the path of an Atlantic hurricane.


Opinion-Editorial (Op-Ed) Disclaimer For NAMP® Library Articles: The views and opinions expressed in the NAMP® Library articles are those of the authors and do not necessarily reflect any official NAMP® policy or position. Examples of analysis performed within this article are only examples. They should not be utilized in real-world application as they are based only on very limited and dated open source information. Assumptions made within the analysis are not reflective of the position of NAMP®. Nothing contained in this article should be considered legal advice.

FHFA extends HARP, modifies new high LTV refinance program

FHFA extends HARP, modifies new high LTV refinance program

Written By: Joel Palmer, Op-Ed Writer

Mortgage refinance activity is expected to drop off considerably this year and next due to rising mortgage rates. But a new program set to launch could create refinance opportunities for certain homeowners.


Opinion-Editorial (Op-Ed) Disclaimer For NAMP® Library Articles: The views and opinions expressed in the NAMP® Library articles are those of the authors and do not necessarily reflect any official NAMP® policy or position. Examples of analysis performed within this article are only examples. They should not be utilized in real-world application as they are based only on very limited and dated open source information. Assumptions made within the analysis are not reflective of the position of NAMP®. Nothing contained in this article should be considered legal advice.

Despite calls for change, GSEs maintain current credit scoring model

Despite calls for change, GSEs maintain current credit scoring model

Written By: Joel Palmer, Op-Ed Writer

Some people buy the latest versions of products and technology the day they launch. Others are content using outdated models. 


Opinion-Editorial (Op-Ed) Disclaimer For NAMP® Library Articles: The views and opinions expressed in the NAMP® Library articles are those of the authors and do not necessarily reflect any official NAMP® policy or position. Examples of analysis performed within this article are only examples. They should not be utilized in real-world application as they are based only on very limited and dated open source information. Assumptions made within the analysis are not reflective of the position of NAMP®. Nothing contained in this article should be considered legal advice.

TRID’s “Black Hole” remains in place, but new CFPB proposal aims to address it

TRID’s “Black Hole” remains in place, but new CFPB proposal aims to address it

Written By: Joel Palmer, Op-Ed Writer

Last month, the Consumer Financial Protection Bureau (CFPB) finalized amendments to the “Know Before You Owe” mortgage disclosure rule. Formally known as the as the TILA-RESPA Integrated Disclosure rule (TRID), the regulation requires mandatory compliance beginning Oct. 1, 2018, about three years after it first took effect.


Opinion-Editorial (Op-Ed) Disclaimer For NAMP® Library Articles: The views and opinions expressed in the NAMP® Library articles are those of the authors and do not necessarily reflect any official NAMP® policy or position. Examples of analysis performed within this article are only examples. They should not be utilized in real-world application as they are based only on very limited and dated open source information. Assumptions made within the analysis are not reflective of the position of NAMP®. Nothing contained in this article should be considered legal advice.

Is an economic storm brewing for the mortgage industry?

Is an economic storm brewing for the mortgage industry?

Written By: Joel Palmer, Op-Ed Writer

The economic atmosphere remains calm…for now.But clouds are forming. The wind is picking up a little bit. A few warning signs have emerged for the mortgage industry to heed.


Opinion-Editorial (Op-Ed) Disclaimer For NAMP® Library Articles: The views and opinions expressed in the NAMP® Library articles are those of the authors and do not necessarily reflect any official NAMP® policy or position. Examples of analysis performed within this article are only examples. They should not be utilized in real-world application as they are based only on very limited and dated open source information. Assumptions made within the analysis are not reflective of the position of NAMP®. Nothing contained in this article should be considered legal advice.

Provisions of Financial CHOICE Act Inserted in Spending Bill

Provisions of Financial CHOICE Act Inserted in Spending Bill

Written By: Joel Palmer, Op-Ed Writer

It passed the House along party lines last month. The likelihood it gets through the Senate is dicey at best.  But key parts of the Financial CHOICE Act may be enacted after they were included in the House Appropriations Committee’s Financial Services Subcommittee’s appropriations bill at the end of June. 


Opinion-Editorial (Op-Ed) Disclaimer For NAMP® Library Articles: The views and opinions expressed in the NAMP® Library articles are those of the authors and do not necessarily reflect any official NAMP® policy or position. Examples of analysis performed within this article are only examples. They should not be utilized in real-world application as they are based only on very limited and dated open source information. Assumptions made within the analysis are not reflective of the position of NAMP®. Nothing contained in this article should be considered legal advice.

FHFA wants authority to examine GSE third parties

FHFA wants authority to examine GSE third parties

Written By: Joel Palmer, Op-Ed Writer

Midway through its 120-page annual Report to Congress, the Federal Housing Finance Agency dedicated one page to making three legislative recommendations. One of those recommendations drew a strong objection from the Mortgage Bankers Association (MBA).


Opinion-Editorial (Op-Ed) Disclaimer For NAMP® Library Articles: The views and opinions expressed in the NAMP® Library articles are those of the authors and do not necessarily reflect any official NAMP® policy or position. Examples of analysis performed within this article are only examples. They should not be utilized in real-world application as they are based only on very limited and dated open source information. Assumptions made within the analysis are not reflective of the position of NAMP®. Nothing contained in this article should be considered legal advice.

After three years, debate between PHH and CFPB seems far from over

After three years, debate between PHH and CFPB seems far from over

Written By: Joel Palmer, Op-Ed Writer

It started three years ago with a hefty, nine-figure fine.The agency that imposed the fine was called unconstitutional by the mortgage giant it sought to punish for an alleged violation.


Opinion-Editorial (Op-Ed) Disclaimer For NAMP® Library Articles: The views and opinions expressed in the NAMP® Library articles are those of the authors and do not necessarily reflect any official NAMP® policy or position. Examples of analysis performed within this article are only examples. They should not be utilized in real-world application as they are based only on very limited and dated open source information. Assumptions made within the analysis are not reflective of the position of NAMP®. Nothing contained in this article should be considered legal advice.

Fannie, Freddie project steady housing growth in 2017-18

Fannie, Freddie project steady housing growth in 2017-18

Written By: Joel Palmer, Op-Ed Writer

Economists at both Fannie Mae and Freddie Mac forecast housing market growth in 2017 from last year. But the rate of growth will be slower this year and it will moderate even more in 2018, according to those forecasts.


Opinion-Editorial (Op-Ed) Disclaimer For NAMP® Library Articles: The views and opinions expressed in the NAMP® Library articles are those of the authors and do not necessarily reflect any official NAMP® policy or position. Examples of analysis performed within this article are only examples. They should not be utilized in real-world application as they are based only on very limited and dated open source information. Assumptions made within the analysis are not reflective of the position of NAMP®. Nothing contained in this article should be considered legal advice.

Fannie focused on customer-centric initiatives

Fannie focused on customer-centric initiatives

Written By: Joel Palmer, Op-Ed Writer

While regulators and legislators debate the current and future structure of Fannie Mae, the agency has been spending much of 2017 talking about its focus on customers. In the last month, executives from Executive VP Andrew Bon Salle to Chief Financial Officer David Benson have given interviews on the subject of Fannie’s customer-centric initiatives.


Opinion-Editorial (Op-Ed) Disclaimer For NAMP® Library Articles: The views and opinions expressed in the NAMP® Library articles are those of the authors and do not necessarily reflect any official NAMP® policy or position. Examples of analysis performed within this article are only examples. They should not be utilized in real-world application as they are based only on very limited and dated open source information. Assumptions made within the analysis are not reflective of the position of NAMP®. Nothing contained in this article should be considered legal advice.