It's a seller's market thanks to low inventory, but ValueInsured, Dallas, said many would-be sellers are hesitating to sell because of the high price they'd have to pay for their next home.
MBA Chart of the Week: Frequently Consumed Thanksgiving Item Prices
Overall inflation as measured by the Consumer Price Index slowed slightly in October 2017, decelerating to a 2.0 percent year over year growth rate from 2.2 percent in September, according to the most recent data published by the Bureau of Labor Statistics.
Survey: Default Servicers Investing in REO Improvements
The vast majority of servicing professionals said their organization is currently investing to improve the condition of REO properties under management and most said their organization is currently making a significant investment, said Altisource Portfolio Solutions S.A., Luxembourg.
The Week Ahead
Congress returns today from its Thanksgiving recess, under pressure from the Trump Administration to pass comprehensive tax reform legislation and to reach yet another agreement to avoid another government shutdown.
Hotel Pipeline Shrinks
Hotel rooms currently under construction fell slightly--0.1 percent year-over-year--to 183,187, reported STR, Hendersonville, Tenn.
Dealmaker: HFF Closes 16 Retail Properties Financings Totaling $663M
Holliday Fenoglio Fowler, Houston, closed 16 financings totaling $663 million secured by 15 retail properties and one industrial property with 4.6 million square feet in New York and New Jersey.
MBA Independent Mortgage Bankers Conference Jan. 22-25
The Mortgage Bankers Association's Independent Mortgage Bankers Conference takes place Jan. 22-25 at the Ritz-Carlton on Amelia Island, Fla.
MBA Education Cybersecurity Fundamentals & NY DFS Requirements Workshop Feb. 6-7
MBA Education offers a workshop, Cybersecurity Fundamentals & NY DFS Requirements, on Tuesday Feb. 6 and Wednesday, Feb. 7 in McLean, Va. (near Washington, D.C.).
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.
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.
CFPB's English Sues Trump Administration to Block Mulvaney Appointment
American Banker, Nov. 26, 2017--Kate Berry (subscription)
Safe as Houses? Both GOP Tax Bills Undermine the Mortgage Interest Deduction
Washington Examiner, Nov. 26, 2017--Joseph Lawler
Lenders Mine Demographic Data to Expand Their Reach
National Mortgage News, Nov. 24, 2017--Bonnie Sinnock (subscription)
Equifax Breach Already Taking a Toll on Consumers
Washington Post Writers Group, Nov. 25, 2017--Kenneth R. Harney
The Economy Is Humming, but Businesses Aren't Borrowing
Wall Street Journal, Nov. 26, 2017--Christina Rexrode (subscription)
Housing's Biggest Questions Going into 2018
HousingWire, Nov. 24, 2017--Kelsey Ramirez
October's Servicing Transfers Sink
Mortgage Daily, Nov. 22, 2017
20 Mortgage-Related Events Over Next 90 Days
Mortgage Daily, Nov. 24, 2017--Sam Garcia
Quick Takes: Small Lots, Water Views, Credit Scores
UEXpress, Nov. 24, 2017--Lew Sichelman