Not displaying correctly? View in a browser
Volume 15 | Issue 231 | Tuesday, November 29, 2016

The Lede

 

MBA Offers Recommendations to FHA Condominium Programs

The Mortgage Bankers Association, in a letter yesterday to HUD, offered a series of recommendations to the department's proposed revisions to the FHA condominium programs.

 

Top National News

 
The Era of Super-Low Interest Rates Might be Ending. What's In It For You?

L.A. Times, Nov. 28, 2016--Puzzanghera, Jim 

Financial markets have sent a forceful message that the era of super-low interest rates is ending. Mortgage rates have shot up and bond yields have jumped to their highest levels in a year.

Low-Income Housing Shown to Not Weigh on Nearby Property Values

Wall Street Journal, Nov. 28, 2016--Kirkham, Chris

Housing units earmarked for low-income residents have virtually no impact on surrounding property values in major U.S. metro areas, according to an analysis of home-price data that runs counter to the conventional view that such projects cause nearby property values to decline.

A September to Remember With Home Price Increases

National Mortgage Professional, Nov. 28, 2016--Hall, Phil

During September, Black Knight determined the average home price at $266,000, up a scant 0.1 percent from August, but it was higher by a more significant 5.4 percent from one year earlier. September's level is only 0.6 percent away from the peak home price.

Mortgage Delinquency Rises, Foreclosures Down

Mortgage Daily, Nov. 29, 2016

Although mortgage delinquency rose for the second consecutive month, foreclosures starts were the lowest in more than a decade, report says.

Tom Wind Is Revamping How Big Banks Do Mortgages

National Mortgage News, Nov. 28, 2016--Sinnock, Bonnie

Tom Wind is once again leading a large bank's mortgage operation. As the new president of U.S. Bank Home Mortgage, he's set a course that embraces retail, regulation and the FHA.

Mortgage Business Plunges in Holiday Week

Mortgage Daily, Nov. 28, 2016

The holiday week had a significantly negative impact on new mortgage activity, though business held up from a year ago.

Zillow to Pay $6 Million to Settle Alleged Labor Violations

HousingWire, Nov. 28, 2016--Lane, Ben

Zillow Group will pay as much as $6 million to settle a class action lawsuit that accused the company of violating federal labor laws, the online real estate giant announced Monday.

'Basel Is on Life Support' in Trump Era

National Mortgage News, Nov. 28, 2016--Heltman, John; McKendry, Ian

With the election of Donald Trump in the U.S. and an increasingly isolationist mood pervading European banking regulators, the international Basel III accords that underpinned much of the global post-crisis regulatory framework face an uncertain future.

Enhancements Made to Mortgage PPEs

Mortgage Daily, Nov. 28, 2016--Garcia, Sam

Enhancements recently made to product-and-pricing engines for residential loan products have mostly concentrated on integrations with other mortgage technology products.

Recent Income Growth Will Have Limited Benefits for CRE

National Real Estate Investor, Nov. 28, 2016--Bell, Diana 

If income growth exceeds inflation, that results in discretionary income, which can help commercial real estate.

Tallest Skyscraper Planned for City of London Wins Approval

Bloomberg, Nov. 28, 2016--Sidders, Jack; Mayes, Joe

The 73-story building, which will include a public viewing gallery and restaurant at the top, as well as enough workspace for 10,000 people, was approved at a vote on Monday. The tower will be constructed by Aroland Holdings Ltd., a closely-held company based in Singapore.

Canada Watchdog Lays Down Warning to Mortgage Lenders

Reuters, Nov. 28, 2016--Mordant, Nicole; Scuffham, Matt 

Canada's banking regulator on Monday urged everyone in the country's mortgage industry to support tougher lending rules, warning lenders could face big losses if overheating housing markets turn.

Residential Finance News

 
This Week in MBA Insights

What's New in Private-Label Origination

HOPE NOW: Mortgage Industry Assisted 344K Homeowners in Q3

Permanent Loan Modifications at 102,000; Short Sales 17,000

Commercial/Multifamily News

 
CBRE: Capital Markets Remain 'Fairly Healthy'

But Less Activity and Less Growth Than Year-Ago

Dealmaker: Cohen Financial Secures $38M for Multifamily, Retail Properties

$21M Will Build Multifamily Property in Chicago's West Loop

MBA News

 
MBA Compliance Essentials CFPB Examination Resource Guide Available

Valuable Background, Information on CFPB Examination Process

MBA Education School of Mortgage Servicing Feb. 6-16

Overview of Basic Servicing Functions, Risk Management

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

MBA NewsLink, a daily electronic publication, is a member benefit free to employees of MBA member companies, and available by paid subscription to non-members. For membership information, click here.

If this email has been forwarded to you, please visit our web site to subscribe.

The links at the end of each abstract are to the publisher, publication, or article. Some links may require registration or subscription.

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.