The House last week passed a four-month extension to the National Flood Insurance Program. Also last week, the Senate Banking Committee held a hearing on nominations of Michael Bright to be President of Ginnie Mae and Rae Oliver to be Inspector General of HUD.
'If I Kissed That One, Would It Lead to More?' Federal Housing Chief Investigated for Sexual Harassment
Politico, July 27, 2018--Victoria Guida, Katy O'Donnell, Lorraine Woellert
Leak of Harassment Probe is Politically Motivated: FHFA's Watt
National Mortgage News, July 27, 2018--Hannah Long (subscription)
The Crisis Isn't Over
American Banker, July 30, 2018--Victoria Finkle (subscription)
Mortgage Trade Volume May Increase Regardless of FHFA Reform
Bloomberg, July 27, 2018--Christopher Maloney
Legal Industry Scores Victory over CFPB in Debt Collection Battle
National Mortgage News, July 27, 2018--Kate Berry (subscription)
How Some Young People are Getting Mortgages Despite Student Loan Debt
Newsday (N.Y.), July 29, 2018--Sheryl Nance-Nash
32% Of Applicants With Less Than Perfect Credit Were Denied Mortgages In 2017
Forbes, July 27, 2018--Camilo Maldonado
Thinking of Implementing New Mortgage Tech? Here's How Long it Takes
HousingWire, July 27, 2018--Kelsey Ramirez
On Zillow, Some Listings are MIA
UExpress, July 27, 2018--Lew Sichelman
U.S. Treasury's Mnuchin Says He Sees at Least 3 Percent Growth for Next 4-5 Years
Reuters, July 29, 2018--Lindsay Dunsmuir
Consumers, Soybeans Lift U.S. Economic Growth to 4.1 Percent
Reuters, July 27, 2018--Lucia Mutikani
In Some Metros, Soaring Home Values Make Renting More Enticing
Nearly two-thirds of American adults own homes. But in some metro areas, renters may have an incentive to stay renters.
ValueInsured: Americans Tour 7.4 Homes Before Buying
Robert Aronheim, a Fairfax, Va.-based realtor, once offered this advice on buying a home: "Take your time--but be prepared to act quickly."
The Week Ahead
The early registration deadline for the Mortgage Bankers Association's Annual Convention & Expo is this Wednesday, Aug. 1.
MBA Chart of the Week: Commercial/Multifamily Mortgages Intermediated to 'Non-Traditional' Lenders
The role of "non-traditional" lenders in commercial real estate finance increased significantly in 2017, but there is far more discussion about this than there is actual data.
Institutional-Quality CRE Returns Grow in 2Q
Institutional-quality commercial real estate returned 1.81 percent between April and June, up from 1.70 percent in early 2018, the National Council of Real Estate Investment Fiduciaries reported.
Dealmaker: Sonnenblick-Eichner Secures $50M for Seattle Hotel
Sonnenblick-Eichner Co., Beverly Hills, Calif., arranged $50 million of interim first mortgage financing to refinance Hotel Theodore in downtown Seattle.
MBA Risk Management/QA/Fraud Prevention Forum Sept. 23-25
The Mortgage Bankers Association's annual Risk Management, QA and Fraud Prevention Forum takes place Sept. 23-25 in Los Angeles.
MISMO Fall Summit Sept. 24-28
The MISMO Fall Summit takes place Sept. 24-28 at the Ritz-Carlton in Tyson's Corner, Va., just outside of Washington, D.C.
MBA Compliance Essentials UDAAP & FTC MAP Rule Resource Guide Available
The MBA Compliance Essentials program offers a new Resource Guide: Unfair, Deceptive, or Abusive Acts and Practices (UDAAP) & FTC Mortgage Acts and Practices Advertising (MAP) Rule.
MBA Compliance Essentials Offers Certified Mortgage Compliance Professional Designation Level 1
Earn recognition for your mortgage compliance expertise: MBA Education and the MBA Compliance Essentials program offer the only certification and designation program geared exclusively towards compliance professionals in the mortgage finance industry, the Certified Mortgage Compliance Professional (CMCP).