Mortgage Bankers Association President and CEO David Stevens, CMB, testifying yesterday before a House Financial Services subcommittee, said without comprehensive legislative secondary mortgage market reform, "borrowers, taxpayers and lenders will all face increased risk and uncertainty about the future."
House Republicans Unveil Tax Bill; MBA Expresses Concerns over Mortgage Interest Reductions
House Republicans on Thursday released deals of the largest tax bill since 1986 that reduces the mortgage interest deduction and cuts corporate tax rates.
Millennials Pick Up Refinancing Pace
Millennials--at least, the ones who already have mortgages--are refinancing.
Mortgage Application Defects Down--Except in Hurricane-Hit States
First American Financial Corp., Santa Ana, said frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications fell in September, except in Florida and Texas, where post-hurricane activity led to a predictable bump in such activity.
HouseCanary, San Francisco, announced a partnership with appraisal management company Dart Appraisal to accelerate growth of the HouseCanary Agile Appraisal Platform.
Retail Sector Growth Slows To 'Low-Water Mark'
The retail sector's long-term forecast has reached a "low-water mark" for the current cycle, said Ten-X, Irvine, Calif.
Dealmaker: Bascom, Pacific Life Acquire Two Apartment Communities for $148M
A joint venture between Bascom Arizona Ventures, Scottsdale, Ariz., and Pacific Life Insurance Co., Newport Beach, Calif., acquired two apartment communities totaling 724 units for $148 million--$204,420 per unit.
CREF18 in San Diego Feb. 11-14
The Mortgage Bankers Association's Commercial Real Estate Finance/Multifamily Housing Convention & Expo 2018 returns to San Diego Feb. 11-14.
MBA Education Fundamentals and Best Practices in Mortgage Accounting Workshop Nov. 13
MBA Education presents Fundamentals and Best Practices in Mortgage Accounting, a one-day workshop taking place Monday, Nov. 13 in San Antonio, Texas, ahead of the MBA Accounting and Financial Management Conference.
MBA Education/Compliance Essentials Understanding Successor in Interest Requirements Webinar Nov. 6
MBA Education and Compliance Essentials presents a new webinar, Understanding Successor in Interest Requirements, on Monday, Nov. 6 from 2:00-3:30 p.m. ET.
NMLS Launches 2018 Licensing Renewal Effort; Deadline Dec. 31
The Nationwide Mortgage Licensing System's 2018 Streamlined Renewal Process begins November 1 and ends December 31. MBA encourages Mortgage Loan Originators to renew their licenses as soon as possible.
GOP Tax Plan Would Shrink Mortgage Interest Benefit, Slash Corporate Tax Rate
Washington Post, Nov. 2--Damian Paletta; Mike DeBonis
Mortgage Rates Hold Steady But are Poised to Move Higher
Washington Post, Nov. 2, 2017--Kathy Orton
Trump Announces Nomination of Jerome Powell to Chair Federal Reserve
The Hill, Nov. 2, 2017--Sylvan Lane
Mortgage Industry Stands Behind Trump's Fed Chair Pick
HousingWire, Nov. 2, 2017--Kelsey Ramirez
Fannie Mae Makes $3Bn; One-Third of Single-Family Now Private Risk Transfer
HousingWire, Nov. 2, 2017--Jacob Gaffney
Fannie Mae Keeping an Eye on Servicers' Hurricane Response
National Mortgage News, Nov. 2, 2017--Bonnie Sinnock (subscription)
Supply Shortage in U.S. Sends Home Prices Higher
Wall Street Journal, Nov. 2, 2017--Laura Kusisto (subscription)
Nationstar Mortgage Lending Jumps, Could Go Higher
Mortgage Daily, Nov. 2, 2017
Big Technology Enhancements Ahead At BofA
Charlotte Observer, Nov. 2, 2017--Deon Roberts
Ocwen Moves Closer to Profitability Amid Extensive Business Changes
HousingWire, Nov. 2, 2017--Ben Lane
U.S. Third Quarter Productivity Fastest in Three Years; Jobless Claims Fall
Reuters, Nov. 2, 2017--Lucia Mutikani