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Volume 16 | Issue 228 | Monday, November 27, 2017

The Lede


Homeowners: Great Time to Sell; Not So Much to Buy

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.


Residential Finance News

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.

Commercial/Multifamily News

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 News

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.

Top National News

CFPB's English Sues Trump Administration to Block Mulvaney Appointment

American Banker, Nov. 26, 2017--Kate Berry (subscription)
Leandra English, the deputy director of the Consumer Financial Protection Bureau, sued the Trump administration late Sunday to block the appointment of Office of Management and Budget Director Mick Mulvaney as interim director of the consumer agency.

Safe as Houses? Both GOP Tax Bills Undermine the Mortgage Interest Deduction

Washington Examiner, Nov. 26, 2017--Joseph Lawler
Whatever happens with Republican tax reform, the mortgage interest deduction is in trouble.

Lenders Mine Demographic Data to Expand Their Reach

National Mortgage News, Nov. 24, 2017--Bonnie Sinnock (subscription)
As consumer demographics continue to change, lenders that effectively manage them will set themselves to maximize their outreach to their evolving customer base long term.

Equifax Breach Already Taking a Toll on Consumers

Washington Post Writers Group, Nov. 25, 2017--Kenneth R. Harney
The scenario that personal finance and credit experts feared most about the heist of consumer data from Equifax already may be underway.

The Economy Is Humming, but Businesses Aren't Borrowing

Wall Street Journal, Nov. 26, 2017--Christina Rexrode (subscription)
The rate of 12-month loan growth at U.S. banks in the third quarter hit its lowest level since the end of 2013, according to data released last week by the Federal Deposit Insurance Corp. That marked the sixth consecutive quarter of decline for this measure of loan growth.

Housing's Biggest Questions Going into 2018

HousingWire, Nov. 24, 2017--Kelsey Ramirez
What's up with tax reform? Who are some to the housing industry's newest leaders? What is changing from this year to the next? What's up with the CFPB?

October's Servicing Transfers Sink

Mortgage Daily, Nov. 22, 2017
Servicing transfers last month tumbled from September as a result of a massive sale the previous month by the home-lending unit of Citigroup Inc.

20 Mortgage-Related Events Over Next 90 Days

Mortgage Daily, Nov. 24, 2017--Sam Garcia
Over the next three months, 20 mortgage-related conferences, forums and workshops are scheduled to take place. Topics to be covered include bankruptcies, mergers and acquisitions and reverse mortgage technology.

Quick Takes: Small Lots, Water Views, Credit Scores

UEXpress, Nov. 24, 2017--Lew Sichelman
Building sites for single-family houses hit a record high last year, even as lots were the smallest ever, according to data from the Census Bureau's Survey of Construction.

About MBA Newslink

President and CEO: Robert Broeksmit, CMB

Publisher: Marcia Davies, Chief Operating Officer

Vice President of Public Affairs: John Mechem

Editor: Mike Sorohan 202/557-2855 

Editorial Director: Michael Tucker 202/557-2851 

Senior Editorial/Advertising Specialist: Lesley Hall 202/557-2856

Advertising Opportunities: Bill Farmakis 203/834-8832

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