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Volume 15 | Issue 203 | Wednesday, October 19, 2016

The Lede

 

MBA Launches Initiative to Support Women in Real Estate Finance

The Mortgage Bankers Association launched a new networking platform for women in the real estate-finance industry: mPower--MBA Promoting Opportunities for Women to Extend their Reach.  

 

Top National News

 
MBA Takes Focus on Women in Real Estate to the Next Level

HousingWire, Oct. 18, 2016--Swanson, Brena

On Tuesday, the Mortgage Bankers Association launched a new networking platform for women in the real estate-finance industry, mPower, which stands for MBA Promoting Opportunities for Women to Extend their Reach.

Fannie Mae: Even Big Lenders Have Questions about Front-End Risk Sharing

ValueWalk, Oct. 18, 2016--Investors Unite

"MBA has for decades advocated for a bright line between primary and secondary markets," MBA President David Stevens wrote in the letter to the Federal Housing Finance Agency. "One aspect of this bright line is that primary market lenders select front-end credit enhancements, while the GSEs structure back-end credit enhancements."

Rising Mortgage Rates Scaring Away Applicants This Halloween Season, MBA Finds

GoRion, Oct. 18, 2016--Bourgi, Sam

The housing market faced a bit of a scare last week as rising interest rates led to a sharp decline in mortgage applications, the Mortgage Bankers Association said.

Banks Pick Up Greater Share of Multifamily Lending Business

National Real Estate Investor, Oct 18, 2016--Anderson, Bendix

Bank lenders originated more than one-third of all permanent apartment loans in first-half 2016.

Borrowers Who Make Less Money Are Now Getting Jumbo Home Loans

Wall Street Journal, Oct. 18, 2016--Friedman, Robyn

Even as sales of luxury homes slow in some markets, jumbo lending has picked up. That's because looser underwriting rules--especially income requirements--have enabled more people to qualify for credit.

Tech and Scale Are Key to Tackling Tight Servicing Margins

National Mortgage News, Oct. 18, 2016--Passy, Jacob

By decreasing costs through technology, outsourcing and scale, mortgage servicers not only can give their margins a much-needed boost but also set themselves up to reap the rewards in the future.

Mortgage Origination Forecast Up $50 Billion

Mortgage Daily, Oct. 18, 2016

Fannie Mae upped its long-term forecast amid improving economic conditions.

GSE Refinances Jump to 16-Month High

Mortgage Daily, Oct. 18, 2016

Government-sponsored enterprise mortgages refinanced by loan originators reached the highest level in almost a year-and-a-half.

Unchecked Power at CFPB Reined In

Pittsburgh Post-Gazette, Oct. 18, 2016

Editorial says recent court's decision, if upheld, will be historically important. The case should also raise the question of whether too much power is being vested in bureaucrats whose power is unchecked, either by the president or by another branch of government.

A New Real-Estate War in Silicon Valley

Wall Street Journal, Oct. 18, 2016--Brown, Eliot

Soaring apartment costs in Silicon Valley are fueling popular support for an idea bitterly opposed by many landlords in America's technology capital: rent controls.

In Obsessing About New York and San Francisco, We're Ignoring the Real Rental Crisis

Washington Post, Oct. 18, 2016--Fraade, Jordan 

'In too many cities, rentals are out of reach for the middle class.'

Wells Fargo Delays Bond Sale After S&P Revises Outlook

Wall Street Journal, Oct. 18, 2016--Goldfarb, Sam

Wells Fargo & Co. on Tuesday delayed selling a 10-year bond after S&P Global Ratings revised the outlook on its credit rating to negative from stable.

Mortgage Contracting Services Announces Acquisition of Lenders Title Solutions

HousingWire, Oct. 18, 2016--Lane, Ben

Earlier this year, MCS acquired EPIC Real Estate Solutions, and now MCS is adding Lenders Title Solutions into the fold.

Audit Shows Lack of Oversight of Mortgage Companies

Las Vegas Sun, Oct. 18, 2016--Ryan, Cy

A state division whose job is to regulate the mortgage-lending industry has failed to check if many of these companies are obeying state laws and regulations.

Residential Finance News

 
Mortgage Applications Up Slightly in MBA Weekly Survey

Interest Rates at Highest Levels Since June

Commercial/Multifamily News

 
Retail Single-Tenant Net Lease Cap Rates at Record-Lows

Asking Cap Rates 'Should Hold Steady' For Near Term

Dealmaker: Love Funding Secures $19M for Multifamily Assets

'One-Day' Loan Facilitates Release of Short-Term Bonds

MBA News

 
MBA Education Cyber Insurance for the Mortgage Finance Industry Webinar Nov. 10

Overview of Appropriate Insurance Policies, Claims Scenarios

MBA Education Fundamentals and Best Practices in Mortgage Accounting Workshop Nov. 15

Held in Conjunction with MBA Accounting & Financial Management Conference

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.