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Volume 15 | Issue 150 | Thursday, August 04, 2016

The Lede

 

MBA: July Mortgage Credit Availability Increases

MBA updates methodology, releases revised historical data

 

Top National News

 
Mortgage Applications fall 3.5%, Even as Rates Move Lower

CNBC, Aug. 3, 2016--Olick, Diana

Mortgage Bankers Assocaition says refinances remain elevated, post-Brexit.

Don't Assume You are Frozen Out of the Mortgage Market

Washington Post, Aug. 3, 2016--Harney, Kenneth R.

Fannie Mae, Freddie Mac programs offer incentives for new homeowners.

Genworth Jumps Most Since 2009 as Mortgage Unit Fuels Profit

Bloomberg, Aug. 3, 2016--Chiglinsky, Katherine

Net income of $172 million beats estimates.

NMI Holdings Becomes Profitable for the First Time

National Mortgage News, Aug. 3, 2016--Finkelstein, Brad

Net income of $2 million in second quarter.

Nationstar Lending Up, MSR Valuations Hurt Income

Mortgage Daily, Aug. 3, 2016

Q2 originations rise 24% from first quarter.

Walker & Dunlop Makes Company History with Q2 Earnings Report

HousingWire, Aug. 3, 2016--Ramirez, Kelsey

$5.4 billion in transaction volume.

PennyMac Home Lending Up, Wholesale Launch Ahead

Mortgage Daily, Aug. 3, 2016--Brown, Aimee L.

Q2 mortgage originations grow 45% from Q1.

Where First-Time Homebuyers Can Go Big

Bloomberg, Aug. 3, 2016--Kessler, Zara

Even starter homes are bigger in Texas.

Carrington Mortgage Services Names New President

HousingWire, Aug. 3, 2016--Ramirez, Kelsey

Ray Brousseau has been with Carrington for five years.

Appraisal Volume Shows True Impact of Brexit

HousingWire, Aug. 3, 2016--Swanson, Brena

Index from a la mode showed appraisal volume saw not post-Brexit surge.

U.S. Private Sector Adds 179,000 Jobs in July: ADP

Reuters, Aug. 3, 2016--Mazilli, Meredith

Report comes out ahead of Labor Department report on Friday.

Hiring is Soft Spot, but ISM Services Gauge Finds Most U.S. Companies are Growing

MarketWatch, Aug. 3, 2016--Bartash, Jeffry

Index falls slightly in July but remains elevated.

Residential Finance News

 
FHFA Backs Away from URLA Language Question Provision

MBA, Trade Groups Had Strongly Objected to Proposed Provision

Q/A with Matt Kovach of Envoy Mortgage

Veterans 'Highly Desirable' as Loan Officers

Residential Briefs

News from CoreLogic, LERETA

Commercial/Multifamily News

 

MBA News

 
MBA Premier Member Profile: Early Warning

Serves Consortium of Banks Nationwide

MBA Risk Management, QA & Fraud Prevention Forum Sept. 28-30

Identify Risk v. Reward, Threats and QA Practices

Mortgage Action Alliance Quarterly Advocacy Update Today

Session Provides Legislative/Regulatory Briefine; 2016 Political Landscape

About MBA Newslink

President and CEO: David H. Stevens, CMB

Publisher: Marcia Davies, Chief Operating Officer

Vice President of Public Affairs: John Mechem jmechem@mba.org

Editor: Mike Sorohan 202/557-2855 msorohan@mba.org 

Editorial Director: Michael Tucker 202/557-2851 mtucker@mba.org 

Senior Editorial/Advertising Specialist: Lesley Hall 202/557-2856 lhall@mba.org

Advertising Opportunities: Bill Farmakis 203/834-8832 bill@jlfarmakis.com

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One Voice. One Vision. One Resource. The Mortgage Bankers Association  (MBA) is the national association representing the entire real estate finance industry. For more information visit us at mba.org.