Mortgage Bankers Association Chairman David Motley, CMB, testifying yesterday before a House subcommittee, said lenders who engage in serial refinancing ("churning") of Veterans Affairs loans run counter to sound lending practices and expressed support for measures that result in stronger policing of such practices.
MBA: New Home Purchase Mortgage Apps Down 18% in December, Up 8% from Year Ago
The Mortgage Bankers Association said December mortgage applications for new home purchases increased by 7.8 percent from a year ago but fell by 18 percent from November.
For Luxury Homes, $5 Million is the New $1 Million
Trulia, San Francisco, says if you want to get into the luxury home market, living in a $1 million home no longer cuts it: with more and more million-dollar homes swamping housing markets, $5 million is the new bar for luxury living.
Veros: Overall Market Strength to Continue; Washington Set to ‘Boom'
Veros Real Estate Solutions, Santa Ana, Calif., said residential market values will continue their overall upward trends during the next 12 months, with only a small percentage of markets projected to depreciate.
CRE Prices Slow at Year-End
Commercial real estate prices ended 2017 on a down note, reported Ten-X, Irvine, Calif.
Dealmaker: Greystone Lends $43M for Multifamily
Greystone, New York, closed two transactions totaling nearly $19 million under Freddie Mac's new Targeted Affordable Housing Express pilot program.
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 C/MF Diversity/Inclusion Leadership Awards Application Deadline Extended to Jan. 17
The Mortgage Bankers Association has extended the applications deadline for its second annual Commercial/Multifamily Diversity and Inclusion Leadership Awards until Wednesday, Jan. 17.
Attention Lenders: Upcoming 2018 MBA and STRATMOR Peer Group Roundtables
Is your company flying blind by not using reliable data to support key business decisions? Join an elite group of lenders this spring that participate in the MBA and STRATMOR Peer Group Roundtables.
MBA Mergers & Acquisitions Workshop Jan. 22
The Mortgage Bankers Association's annual Mergers & Acquisitions Workshop takes place Jan. 22 at the Ritz Carlton Amelia Island in Fernandina Beach, Fla., ahead of the MBA Independent Mortgage Bankers Conference.
Mortgage Applications Shoot up 8.3% to Start the Year
CNBC, Jan. 10, 2018--Diana Olick
The ‘Unintended' Effect of New Tax Laws on Property Tax Servicing
Mortgage Orb, Jan. 10,2018--Mark Collins
Judge Denies Injunction to Remove Mick Mulvaney as CFPB Acting Direcor
Los Angeles Times, Jan. 10, 2018--Jim Puzzanghera
Is CFPB's Data Freeze About Security or a Political Ploy?
National Mortgage News, Jan. 10, 2018--John Heltman (subscription)
Top Democrats Want Credit Reporting Agencies Severely Punished for Equifax-Style Breaches
HousingWire, Jan. 10, 2018--Ben Lane
Trump Administration Seeks to Change Rules on Bank Lending to the Poor
Wall Street Journal, Jan. 10, 2018--Rachel Louise Ensign, Ryan Tracy (subscription)
Fed Sent Roughly $80.2 Billion in Profit to U.S. Treasury in 2017
Wall Street Journal, Jan. 10, 2018--Kate Davidson (subscription)
Freddie Mac Settles With Evicted REO Tenant
Milwaukee Journal Sentinel, Jan. 10, 2018--Cary Spivak