Ahead of a Senate Banking Committee vote today on a regulatory relief bill, the Mortgage Bankers Association sent a letter of support yesterday to the bill's chief sponsor and asked Committee members for its approval.
Colonial Savings Founder, Chairman Emeritus Jimmy DuBose Passes Away
James S. "Jimmy" DuBose, who founded Colonial Savings FA, Fort Worth, Texas, served as its chairman for many years and hired current Mortgage Bankers Association Chairman David Motley, CMB, died on Dec. 1. He was 93.
Millennial Homeownership Demand 'Awakening'
New research from the University of Southern California and Fannie Mae says the 88-million strong Millennial generation is increasingly flexing its muscles in the housing market.
Study IDs 'Hot' 4Q Markets
ATTOM Data Solutions, Irvine, Calif., said its "pre-mover" data show what are likely to be home sales "hot spots" in the fourth quarter, including Colorado Springs, Colo., Washington, D.C. and Nashville.
Steady Rise In Small-Balance Lending
Small-balance multifamily lending--between $1 million and $5 million--slipped during the third quarter but remains on a record-setting pace for the year, reported Arbor Realty Trust and Chandan Economics.
Dealmaker: Brookfield Asset Management Buys Houston Center for $875M
Brookfield Asset Management, Toronto, acquired the 4.2-million-square-foot Houston Center in downtown Houston for $875 million.
MBA National Technology in Mortgage Banking Conference & Expo Apr. 15-18
Tech 18, the Mortgage Bankers Association's National Technology in Mortgage Banking Conference & Expo 2018, takes place Apr. 15-18 at the Detroit Marriott At the Renaissance Center.
MBA Education School of Mortgage Servicing Feb. 26-Mar.8
MBA Education offers its popular School of Mortgage Servicing instructor-guided online course from Feb. 26-Mar. 8.
MAA Quarterly Advocacy Update Dec. 13
The Mortgage Bankers Association's Mortgage Action Alliance Quarterly Advocacy Update takes place Wednesday, Dec. 13 from 3:00-4:00 p.m. ET.
MBA Compliance Essentials Home Mortgage Disclosure Act Resource Guide Available
MBA Education and MBA Compliance Essentials announce availability of the Compliance Essentials Home Mortgage Disclosure Act Resource Guide.
Senate Tax Overhaul Draws Tepid Industry Response
Scotsman Guide, Dec. 4, 2017--Victor Whitman
GOP's Late Changes to Tax Bill Buoy Key Industries
Wall Street Journal, Dec. 4, 2017--Kate Davidson, Joshua Jamerson (subscription)
Mortgage Banker Profits Down in Q3 as Production Costs Continued to Rise
Mortgage Orb, Dec. 4, 2017--Patrick Barnard
Common Securitization Platform Testing Taking Longer than Expected
National Mortgage News, Dec. 4, 2017--Brad Finkelstein (subscription)
Pacific Union Adding Hundreds of Texas Jobs
Mortgage Daily, Dec. 4, 2017--Vic Kolenc
Wells Fargo Sees Highest NPL Volume Trading Since Crisis
HousingWire, Dec. 4, 2017--Jacob Gaffney
Ocwen Settlement-Palooza Sees $36 Million Going Out, $30 Million Coming Back In
HousingWire, Dec. 4, 2017--Ben Lane
America's Future Depends on the Death of the Single-Family Home
Business Insider, Dec. 4, 2017--Tanza Loudenback
Student Housing REITs See Growth Potential in Public-Private Partnerships
National Real Estate Investor, Dec. 4, 2017--John Egan
Fed Rate Hike is Expected Next Week and Three More Increases are Expected in 2018: Reuters Poll
CNBC, Dec. 4, 2017
U.S. Factory Orders Slip; Business Spending Robust
Reuters, Dec. 4, 2017--Lucia Mutikani