Congress was in recess last week, but returns this week, with the Senate likely to begin its collective reaction to President Trump's next Supreme Court nominee.
Nonbank Mortgage Jobs Grow Again Amid Turbulent Home Buying Season
National Mortgage News, July 6, 2018--Bonnie Sinnock (subscription)
CFPB Official Who Challenged Mulvaney for Top Job is Stepping Down
CNN, July 6, 2018--Dona Borak
Mortgage Banking Book Part of Denver History, Memoir
Colorado Real Estate Journal, July 9, 2018--John Rebchook
'We Haven't Made Any Progress:' Black Homeownership is Stuck Near 30-Year Lows
Washington Post, July 6, 2018--Jonelle Marte
Freddie Mac: ACIS Loss Coverage Reaches $10 Billion
HousingWire, July 6, 2018--Alcynna Lloyd
Manafort Mortgage Bought Bank CEO Spot as Trump Advisor: Prosecutors
American Banker, July 6, 2018--Kevin Wack (subscription)
House Money: Wall Street Is Raising More Cash Than Ever for its Rental-Home Gambit
Wall Street Journal, July 9, 2018--Ryan Dezember, Laura Kusisto (subscription)
Overall Share of Equity Withdrawals Drops to 4-Year Low
HousingWire, July 9, 2018--Jessica Guerin
Back-Office Innovations Help Banks Dump Costly Real Estate
American Banker, July 6, 2018--Andy Peters (subscription)
Mortgage Biz in July 4 Week Lowest Since Holidays
Mortgage Daily, July 6, 2018
Consumer Bankruptcy Filings Decline
Mortgage Daily, July 6, 2018
Odd Parcels: Schools, Speed, Appraisals
UExpress, July 6, 2018--Lew Sichelman
MBA Chart of the Week: Refinance Index and 30-Year Fixed Rates
MBA's Weekly Applications Survey refinance index averaged 1,013 in June, the lowest monthly average since December 2000. The weekly index value dropped below 1,000 in three of the past six weeks, a level that it has not gone below since December 2000 as well.
MBANow: William Kooper on Working with State & Local Associations
The Mortgage Bankers Association released a new MBANow video featuring William Kooper, MBAVice President of State Government Affairs and Industry Relations, who discusses the importance of working relationships and advocacy with state and local associations.
Million-Dollar Homes Springing Up All Over West Coast
Million-dollar homes "are far rarer than it seems, considering the amount of attention they get," says Tendayi Kapfidze, chief economist with LendingTree, Charlotte, N.C. That said, the number of million-dollar homes--and million-dollar neighborhoods--are on the rise.
The Week Ahead
The Mortgage Bankers Association is scheduled to release its monthly Mortgage Credit Availability Index this Tuesday, July 10; its Weekly Applications Survey this Wednesday, July 11; and its monthly Builder Applications Survey this Thursday, July 12. Looking ahead, MBA will release its quarterly National Delinquency Survey next Monday, July 16.
CRE Transparency Improves Globally; U.S. ‘Most Transparent'
JLL, Chicago, said governments worldwide have been gradually forging greater transparency in real estate markets, addressing growing demands from investors and the public to deliver significant change.
Dealmaker: Walker & Dunlop Arranges $500M for Multifamily, Health Care
Walker & Dunlop, Bethesda, Md., arranged nearly $500 million for multifamily projects in California and Nevada and a healthcare portfolio across three states.
Kelly Clarkson Highlights ConcertMBA at MBA Annual Convention & Expo
ConcertMBA at the Mortgage Bankers Association 2018 Annual Convention & Expo this year features award-winning singer and songwriter Kelly Clarkson.
MBA Education Advanced Risk Management Concepts Workshop Sept. 23
MBA Education presents a special Advanced Risk Management Concepts Workshop on Sept. 23 at the JW Marriott L.A. Live in Los Angeles in conjunction with the MBA Risk Management & Quality Assurance Forum.
MBA Education Management Essentials for the Mortgage Professional in D.C. Sept. 11-14
MBA Education presents Management Essentials for the Mortgage Professional, a four-day workshop taking place Sept. 11-14 at NorthMarq Capital in Washington, D.C.
Upcoming MBA Education School of Mortgage Banking II Courses
MBA Education presents its popular School of Mortgage Banking Course II this summer in Arlington, Va., and Dallas.