The Senate early this morning approved a massive overhaul of the U.S. tax code that includes a Mortgage Bankers Association-supported exception for tax treatment of mortgage servicing rights. The bill now goes back to the House, which must vote again on the legislation following a procedural glitch.
Applications Down Again in MBA Weekly Survey
Mortgage applications fell for the second straight week even as key interest rates fell, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending December 15.
mPower: MBA COO Marcia Davies & NAMMBA Founder Tony Thompson, CMB
The Mortgage Bankers Association released a new video featuring MBA Chief Operating Officer Marcia Davies and National Association of Minority Mortgage Bankers of America founder Tony Thompson, CMB, who discuss the upcoming NAMMBA Connect conference in April.
November Housing Starts at 10-Year High
Housing starts rose for the second straight month, rising by 3.3 percent in November to a 10-year high, HUD and the Census Bureau reported yesterday.
CoreLogic: Mortgage Credit Risk Up in 3Q
CoreLogic, Irvine, Calif., said mortgage credit risk increased in the third quarter from a year ago, reflecting the gradual shift from a refinance market to a purchase market.
CMBS 2.0 Special Servicing, Defaults Volume Remains Low
Special servicing volume and loan defaults remain low for commercial mortgage-backed securities loans disbursed after 2010.
Dealmaker: Love Funding $43M for Multifamily Assets
Love Funding, Washington, D.C., closed $42.7 million for Colorado and Michigan multifamily properties.
MISMO Winter Summit in New Orleans Jan. 8-12
The MISMO Winter 2018 Summit takes place Jan. 8-12 in New Orleans.
Nominations for MBA Insights 2018 Tech All-Star Awards; Deadline Jan. 19
The Mortgage Bankers Association and MBA Insights are accepting nominations for the MBA Insights 2018 Tech All-Star Awards. Nominations will be accepted through Friday, Jan. 19.
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.
Attention Lenders: Upcoming 2018 MBA and STRATMOR Peer Group Roundtables
Is your company flying blind by not using reliable data to support key business decisions? Join an elite group of lenders this spring that participate in the MBA and STRATMOR Peer Group Roundtables.
Senate Passes Tax Bill, Pushing It Closer to Trump's Desk
The Hill, Dec. 20, 2017--Jordain Carney
IRS Scrambles to Clear 'Clogged Drain' Slowing Mortgage Applications
American Banker, Dec. 19, 2017--Brian Collins, Brad Finkelstein (subscription)
Tax Reform Expected to Go into Effect Immediately
HousingWire, Dec. 19, 2017--Jacob Gaffney
House Passes Bill to Revamp Criteria for ‘Systemically Important' Banks
Wall Street Journal, Dec. 19, 2017--Andrew Ackerman (subscription)
CFPB's Mulvaney Scraps Survey for Debt Collection Plan
National Mortgage News, Dec. 19, 2017--Kate Berry (subscription)
Fannie Updates Lending Requirements
Mortgage Daily, Dec. 19, 2017
Bank of America: Affordable Housing Funding Will Grow Tight in 2018
HousingWire, Dec. 19, 2017--Kelsey Ramirez
Property Tax Delinquencies Highest in Northeast, South
National Mortgage News, Dec. 19, 2017--Bonnie Sinnock (subscription)
Wells Fargo Names New Consumer Chief
Charlotte Observer, Dec. 19, 2017--Rick Rothacker
Mortgage Lending Services Will Change Name in New Year
HousingWire, Dec. 20, 2017--Jacob Gaffney