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Volume 17 | Issue 26 | Wednesday, February 07, 2018

The Lede


Applications Up Slightly in MBA Weekly Survey

Mortgage application activity barely moved from a week earlier as key interest rates jumped to the highest levels in more than three years, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending February 2.


Residential Finance News

Younger Americans Aren't Moving Like They Used To

Millennials have been charged with ruining everything from dinner dates to golf, says Trulia, San Francisco, but are they also to blame for America's low mobility rate?

Rate Defects Up from Year Ago; Rising Rates Could Spell Further Increase

Loan application defects, fraud and misrepresentation increased by more than 20 percent in 2017, and that figure could rise in 2018 as mortgage interest rates rise, said First American Financial Corp., Santa Ana, Calif.

FHFA Finalizes 2018-2020 Housing Goals For Fannie Mae, Freddie Mac

The Federal Housing Finance Agency yesterday published a final rule that establishes new housing goals for Fannie Mae and Freddie Mac for 2018 through 2020.

Commercial/Multifamily News

'Cautiously Optimistic' CRE Outlook Warns Cycle End is Near

After years of growth, the outlook for commercial real estate is ‘cautiously optimistic,' but the cycle's end approaches, reported commercial real estate valuation services firm Integra Realty Resources, Denver.

Dealmaker: IPA Brokers Two Multifamily Property Sales for $150M

Institutional Property Advisors, Calabasas, Calif., closed $150 million in sales for Cleveland and Phoenix multifamily properties.

MBA News

MBA National Advocacy Conference Apr. 24-25

The Mortgage Bankers Association's annual National Advocacy Conference takes place Apr. 24-25 at the Capital Hilton in Washington, D.C.

MBA Education Tax Reform: Important Considerations for Mortgage Companies Webinar Feb. 20

MBA Education presents a webinar, Tax Reform: Important Considerations for Mortgage Companies, on Tuesday, Feb. 20 from 2:00-3:30 p.m. ET.

NAMMBA CONNECT in Atlanta Apr. 12-14

The National Association of Minority Mortgage Bankers of America will hold its annual CONNECT Conference in Atlanta Apr. 12-14.

MBA Education Residential Mortgage Banking for the IT Professional Workshop in Detroit Apr. 15

MBA Education presents its popular workshop, Residential Mortgage Banking for the IT Professional, on Sunday, Apr. 15 in conjunction with the MBA Technology Solutions Conference & Expo at the Detroit Marriott at the Renaissance Center.

Top National News

Predictions of a Crash in Housing Prices Have Not Come True

Washington Post, Feb. 6, 2018--Kenneth Harney
Were fears overblown that changes to the federal tax law would trigger plunging home values?

What Is The Role Of A Real Estate Brokerage In 2018?

Forbes, Feb. 6, 2018--Tamir Poleg
The traditional role of a real estate firm has changed, but the rules and conventions that support brokers with outdated practices hamper innovation. In 2018, the firms that will succeed are the ones with sustainable, tech-driven models that serve agents and consumers better.

Is the Immigration Debate Impacting Housing?

National Mortgage Professional, Feb. 6, 2018--Phil Hall
The political debate on immigration reform has spilled into the housing market, according to a new survey released by Redfin.

Opening Up Big Servicing to Small Players

National Mortgage News, Feb. 6, 2018--Bonnie Sinnock (subscription)
The largest lenders and servicers have long dominated the mortgage industry, but it's gradually becoming easier for small and midsize companies to do business with Fannie Mae and Freddie Mac.

Treasury Secretary Mnuchin Wants Answers on Equifax Investigation

HousingWire, Feb. 6, 2018--Caroline Basile
U.S. Treasury Secretary Steven Mnuchin told members of the House Financial Services Committee on Tuesday he is interested in how the Consumer Financial Protection Bureau and its acting director, Mick Mulvaney, is handling the investigation into the data breach at credit agency Equifax.

FHA Res Business Down, Delinquency Up

Mortgage Daily, Feb. 6, 2018
Monthly and annual residential business at the Federal Housing Administration retreated as delinquency deteriorated. But in its commercial real estate business, activity ascended.

Quicken Originations Up in Q4 But Down for 2017

Mortgage Daily, Feb. 6, 2018
Quicken Loans Inc., which last week touted itself as America's biggest retail mortgage lender, reported a quarter-over-quarter increase in originations but a year-over-year decline.

Where Are Multifamily Developers Going Next?

National Real Estate Investor, Feb. 6, 2018--Bendix Anderson
Multifamily developers are finding it more challenging to find new project sites in the current market. Some are watching fast-growing secondary markets closely to see how they absorb the new apartments now under 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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