DETROIT--If you look up the word "disruption" in the dictionary, you might find the Quicken Loans logo.
Applications Increase in MBA Weekly Survey
Mortgage applications increased 4.9 percent from one week earlier, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending April 13.
Housing Starts, with Revisions, Looking More Solid
Housing starts, buoyed by positive revisions from earlier months and a burst of multifamily activity, posted a nearly 2 percent gain in March, HUD and the Census Bureau reported yesterday.
FinKube, Dallas, which provides AI-powered Platform-as-a-Service servicesfor a range of industries, launched a new website for its chatbot, ELSA. The arrival of the new site, which can be found at www.elsabot.com, coincides with FinKube's expanding role as an AI provider for industries beyond U.S. financial services.
Industrial Vacancies Reaching Record Lows
Changes in technology, supply chains and consumer habits all continue to drive leasing demand for industrial properties, propelling the sector's vacancies to their lowest levels on record, reported Ten-X Commercial, Irvine, Calif.
Dealmaker: Hall Structured Finance Lends $50M
Hall Structured Finance, Dallas, closed $50.1 million in construction loans for hotel and multifamily properties.
MBA State & Local Workshop Apr. 23-24
The Mortgage Bankers Association's annual State & Local Workshop takes place Apr. 23-24 at the Capital Hilton in Washington, D.C., in conjunction with the MBA National Advocacy Conference (Apr. 24-25).
MISMO Seeks Blockchain Working Group Members
MISMO launched a new group to discuss the potential for using blockchain in the industry and invited interested parties to participate.
MBA Education Credit Scores in Loan Origination Apr. 24, May 3
MBA Education offers a two-part webinar series, Credit Scores in Loan Origination, on Tuesday, Apr. 24 (Part I) and Thursday, May 3 (Part II) from 2:00-3:30 p.m. ET.
Show Me Less Money? MBA Reports Mortgage Profits Nearly Slashed in Half
HousingWire, Apr. 17, 2018--Jacob Gaffney
Gilbert: 'We're Not Really in the Mortgage Business'
Crain's Detroit Business, Apr. 18, 2018--Chad Livengood
MBA Tech: What's Next for the Mortgage Industry?
HousingWire, Apr. 17, 2018--Sarah Wheeler
Quicken Claims Top Spot Again for Mortgages Directly to Consumers
Detroit Free Press, Apr. 17, 2018--John Gallahger
Private Startups Could Be Targets for Public Mortgage Tech Firms
National Mortgage News, Apr. 17, 2018--Bonnie Sinnock (subscription)
From Motor City to Mortgage City: How Detroit Became a Fintech Hub
National Mortgage News, Apr. 17, 2018--Bonnie Sinnock (subsription)
Serious Mortgage Delinquency Down from Year Ago
Mortgage Daily, Apr. 17, 2018
Rental Pay History Should Be Used to Assess Creditworthiness of Mortgage Borrowers
Urban Institute, Apr. 17, 2018--Laurie Goodman, June Zhu
The Mortgage Business Is No Fun Anymore
Bloomberg, Apr. 17, 2018--Matt Levine
FHA Business Sinks to 3-Year Low
Mortgage Daily, Apr. 17, 2018
A Bubble in Commercial Real Estate May Be About to Pop
Business Insider, Apr. 17, 2018--Wolf Richter