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Volume 15 | Issue 138 | Tuesday, July 19, 2016

The Lede


HOPE NOW: May Mortgage Mod Actions Top 105,000

HOPE NOW yesterday reported member mortgage lenders and servicers provided more than 105,000 mortgage modifications and other actions in May.


Top National News

Mortgages Rates Slump For The Summer, July 18, 2016--Miller, Peter G.

How low can they go? Pretty low.

It's Not a Housing Bubble, It's Just Expensive

Bloomberg, July 18, 2016--Clark, Patrick

Low inventory driving higher prices.

Race Strongly Influences Mortgage Lending in St. Louis, Study Finds

New York Times, July 19, 2016--Eavis, Peter

Study asserts federal data show mortgage lending reinforcing segregation in St. Louis neighborhoods.

Fintech Firms Hurt by Lack of Regulatory Clarity

American Banker, July 18, 2016--Magrann-Wells, Richard

Author says fragmented regulatory system threatens innovation.

Borrowers Love Wells Fargo's 3% Down Program

HousingWire, July 18, 2016--Ramirez, Kelsey

Program makes up nearly 3% of new applications.

Where Low Rates Can Help Small Banks

National Mortgage News, July 18, 2016--Prang, Allison

For small banks, mortgage income providing momentum.

FHLB Jumbo Loan Limits Raised to $2.5M

National Mortgage News, July 18, 2016--Collins, Brian

Mortgage Partnership Finance Direct program to accept jumbos, hybrid ARMs.

CBRE Sees Tough Year for Commercial Mortgage Bonds With New Rule

Bloomberg, July 18, 2016--Evans, Rachel

CBRE says looming regulation weiging on new issuance.

Bank of America's Portfolio Plan Success Cuts Mortgage Income

National Mortgage News, July 18, 2016--Finkelstein, Brad

2Q Income declines to $312 million from $1 billion a year ago.

Why Investors Own Private Mortgage-Backed Securities

U.S. News & World Report, July 18, 2016--Brown, Jeff

Analysts say they're safer and worthy of part of investment portfolio.

CFPB's Updates to TRID Could Improve Warehouse Lending Liquidity

National Mortgage News, July 18, 2016--Sinnock, Bonnie

Warehouse lenders take on increased risk exposure.

Blackstone Said to Plan Invitation Homes IPO for First Half 2017

Bloomberg, July 18, 2016--Perlberg, Heather

Landlord is biggest in industry, with nearly 50,000 homes.

Fed Officials Gain Confidence They Can Raise Rates This Year

Wall Street Journal, July 19, 2016--Hilsenrath, Jon; Derby, Michael S.

Analysts now suggest could be as early as September.

Residential Finance News

MBA Promotes Upbin to AVP Education Operations/Programming & Strategy

Will Handle Financial Management, Operations, Delivery and Programming for MBA Education

July Builder Confidence Holds Firm

Positive Numbers with 'Scattered Softness' in Some Markets

Q&A with Josh Friend of InSellerate

CEO Says 'Defining Messaging and Workflow Provides Compliance Advantage'

Commercial/Multifamily News


MBA News

MBA Regulatory Compliance Conference Sept. 18-20

Popular conference meets in Washington, D.C.

MBA Education Mortgage Servicing and Sub-Servicing Part 1 July 20

MBA Education Webinar Explores Fundamentals, Complexities of Servicing/Sub-Servicing 

MBA Education Key Fundamentals of Residential Flood Insurance Webinar July 21

Workshop introduces participants to National Flood Insurance Program

Upcoming MBA Education Introduction to Mortgage Banking Courses

Career development tool for college students, those changing careers, interns and new hires. 

About MBA Newslink

President and CEO: Robert Broeksmit, CMB

Publisher: Marcia Davies, Chief Operating Officer

Vice President of Public Affairs: John Mechem

Editor: Mike Sorohan 202/557-2855 

Editorial Director: Michael Tucker 202/557-2851 

Senior Editorial/Advertising Specialist: Lesley Hall 202/557-2856

Advertising Opportunities: Bill Farmakis 203/834-8832

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