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Volume 15 | Issue 140 | Thursday, July 21, 2016

The Lede

 

At RNC, Policymakers, Housing Experts Talk Future of Housing

CLEVELAND--With a real estate developer as its party standard-bearer, it's no surprise that the Republican Party this week has made real estate and the economy as one of its key priorities. 

 

Top National News

 
Mortgage Applications Drop 1.3%, as Refinancing Loses Some Steam

CNBC, July 20, 2016--Olick, Diana

MBA survey notes volume up 61% from year ago.

The Future of Mortgage Rates in a Post-Brexit World

HousingWire, July 20, 2016--Ramirez, Kelsey

Analysts see rates rising as Brexit shock fades.

CFPB's Impact, Five Years On

National Mortgage News, July 20, 2016--Berry, Kate

Agency shifts from Dodd-Frank rules to other areas.

Morgan Stanley Clears Lowered Expectations but Profit, Revenue Fall

Wall Street Journal, July 20, 2016--Hoffman, Liz; Rudegeair, Peter

Profit fell 12% in second quarter.

Goldman Sachs Revenue Drops from Last Year

HousingWire, July 20, 2016--Ramirez, Kelsey

Profits up by 74 percent, however.

FNF Posts 17% Increase in Second Quarter Earnings

National Mortgage News, July 20, 2016--Finkelstein, Brad

FNF is title insurance business of Fidelity National Finance Inc.

Private Flood Insurance Bill Has Fannie, Freddie on Edge

National Mortgage News, July 20, 2016--Collins, Brian

Bill passed in House raises Fannie Mae, Freddie Mac concerns over potential losses.

Study: Race Still a Major Factor in Mortgage Lending

HousingWire, July 20, 2016--Lane, Ben

Report cites racial, income disparities in St. Louis, Milwaukee.

Lawyers Pass the Bar. Why Don't We Test Risk Managers?

American Banker, July 20, 2016--Mark, Bob

Author says regulators, risk management practicioners need standardized risk management best practices.

Affordable Housing Takes Center Stage at GOP Convention Event

HousingWire, July 20, 2016--Swanson, Brena

Mortgage Bankers Association co-sponsored event.

Study Finds New Reverse Mortgage Updates Reduce Default Risk By 50%

Huffington Post, July 20, 2016--Lazar, Michael

Since 2013 regulatory changes, default rates tumbled.

LGBT Purchasing Power Near $1 Trillion Rivals Other Minorities

Bloomberg, July 20, 2016--Green, Jeff

Footprint 'more present, more visible,' study said.

Agility Is More Important than Size for Mortgage Companies

National Mortgage News, July 20, 2016--Martin, Matt

Chronos Solutions CEO says Davids of mortgage industry, not Goliaths, have ability to adapt more nimbly to change.

Expanding Mortgage Credit Availability Isn't Hard, If You Do It Right

HousingWire, July 20, 2016--Magder, Dan

Carrington's managing director of strategic initiatives on how to make it happen.

Residential Finance News

 
Time to Standardize: Why Lenders and Vendors Need to Adopt MISMO 3.x

'Link Between TRID and MISMO Standards Cannot Be Overstated'

Residential Briefs

June Consumer Default Rates Hold Steady

Commercial/Multifamily News

 

MBA News

 
MBA Education Beyond Best Execution--The Importance of GSE Approval Webinar Aug. 3

Webinar Explores Ways to Work with Fannie Mae, Freddie Mac

Call For Speakers for MBA Whole Loan Trading, CRA Lending, M&A Workshops

Three Upcoming Workshops with Speaker Opportunities

Upcoming MBA Education School of Mortgage Banking Courses

Sessions in Seattle; Dallas; Washington, D.C.

About MBA Newslink

President and CEO: Robert Broeksmit, 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.