This past week, HUD Secretary Ben Carson testified before the House Financial Services Committee regarding oversight of the agency. In the Senate, a six-month extension of the National Flood Insurance Program was included in the recently-passed version of a bipartisan farm bill.
Compliance Experts Gain Designation of Their Own
RESPA News, June 29, 2018 (Subscription)
Ditech Mortgage Considering a Sale Four Months After Exiting Bankruptcy
National Mortgage News, June 29, 2018--Brad Finkelstein (subscription)
Three Emerging Cybersecurity Trends to Focus On in 2018
HousingWire, June 29, 2018--JT Gaietto
Fintechs' Vulnerability Apparent in Capital One Data-Access Flap
American Banker, June 29, 2018--Mary Wisniewski (subscription)
Even After Last Year's Terrible Hurricanes, Insurers Are in Solid Shape
Wall Street Journal, June 30, 2018--Mengqi Sun, Leslie Scism (subscription)
Nationstar, WaMu Shareholders Approve $.19B Acquisition
National Mortgage news, June 29, 2018--Bonnie Sinnock (subscription)
Younger Generation Can't Afford to Buy a Home
HousingWire, June 29, 2018--Jessica Guerin
Fannie Mae Delinquency Lowest Since 2017
Mortgage Daily, July 2, 2018
Record Low Rate-Term Refi Business
Mortgage Daily, June 29, 2018
Obtaining a Fair Insurance Settlement
UExpress, June 29, 2018--Lew Sichelman
Loan Application Defect, Fraud Risk Drops as Home Purchases Improve Share
First American Financial Corp., Santa Ana, Calif., said frequency of defects, fraudulence and misrepresentation in information submitted in mortgage loan applications decreased by 2.4 percent in May from a month ago and by 3.6 percent from a year ago.
The Week Ahead
MBA offices will close at noon ET on Tuesday, July 3 and remain closed on Wednesday, July 4 in observance of the Independence Day holiday.
MBA Chart of the Week: Q1 Changes in Commercial/Multifamily Mortgage Debt Outstanding
During the first three months of 2018, commercial and multifamily mortgage debt outstanding (shown by the red line in the chart) increased more than during any other first quarter since before the Great Recession.
Rents Appreciate at Faster Rate in 3/4 of Nation's Largest Markets
Zillow, Seattle, said rents appreciated at a faster rate this past spring from a year ago in 27 of the 35 largest U.S. rental markets, but noted in pricier markets, rent appreciation slowed noticeably.
Dealmaker: Cushman & Wakefield Arranges $270M for Office, Multifamily
Cushman & Wakefield, Washington, D.C. secured $174 million for a 13-property multifamily portfolio and a new office building in Washington, D.C.
mPowering You Summit for Women in Real Estate Finance in D.C. Oct. 13
mPowering You, the Mortgage Bankers Association's Summit for Women in Real Estate Finance, takes place Saturday, Oct. 13 at the Walter E. Washington Convention Center in Washington, D.C., ahead of the MBA Annual Convention & Expo.
MBA 2018 Human Resources Symposium Sept. 11-12
The Mortgage Bankers Association's annual 2018 Human Resources Symposium takes place Sept. 11-12 in Arlington, Va.
MBA Education School of Mortgage Banking Course III Sept. 18-21 in Washington
MBA Education presents its School of Mortgage Banking Course III, Sept. 18-21 at MBA headquarters in Washington, D.C.
MBA Education School of Mortgage Servicing July 16-26
MBA Education offers its popular School of Mortgage Servicing instructor-guided online course July 16-26.