Not displaying correctly? View in a browser
Volume 17 | Issue 44 | Tuesday, March 06, 2018

The Lede


MBA: Fourth Quarter Commercial/Multifamily Delinquencies Remain Low, Bank Delinquencies Lowest on Record

Delinquency rates for commercial and multifamily mortgage loans were relatively flat in the fourth quarter, according to the Mortgage Bankers Association's Commercial/Multifamily Delinquency Report.


Residential Finance News

MBA Issues ‘Call to Action on Senate Regulatory Relief Bill

Ahead of debate this week on a Senate bill aimed at providing broad regulatory relief, the Mortgage Bankers Association's grassroots advocacy arm, the Mortgage Action Alliance, issued a Call to Action urging its members to contact their senators to support the bill.

Black Knight: Lowest-Priced Homes See Greatest Appreciation

Black Knight, Jacksonville, Fla., said homes in the lowest-priced tiers have seen greatest price appreciation, putting pressure on lower-income buyers as affordability tightens.

Commercial/Multifamily News

CMBS Delinquency Rate Falls Sharply

The commercial mortgage-backed securities delinquency rate dropped again in February, marking the eighth consecutive month of improvement, reported Trepp, New York.

Dealmaker: Dwight Capital Funds $64M

Dwight Capital, New York, secured $64.2 million in FHA financing for affordable and market-rate multifamily properties in Nashville, Tenn. and Las Vegas.

MBA News

MBA National Technology Solutions Conference Apr. 15-18

Tech 18, the Mortgage Bankers Association's National Technology Solutions Conference & Expo, takes place Apr. 15-18 at the Detroit Marriott At the Renaissance Center.

MBA Education/MISMO eMortgages Webinar Series Kicks Off Mar. 8

MBA Education and MISMO present its popular eMortgages Webinar series with a complimentary webinar beginning Thursday, Mar. 8 from noon-1:30 p.m. ET.

Upcoming MBA Education School of Mortgage Banking I Courses

MBA Education presents its School of Mortgage Banking Course I. Upcoming sessions take place Apr. 10-13 in Salt Lake City, Utah.

MBA Member Advantage Program Adds New Partners

Your MBA membership entitles you to discounts on services such as office supplies, car rental, shipping, employee benefit services and more though our affinity program: MBA Member Advantage.

Top National News

Over a Million Americans May Have Just Lost Their Shot at Refinancing

MarketWatch, Mar. 5, 2018--Andrea Riquier
Industry participants believe many Americans are rushing to get ahead of rates that are only expected to go higher from here. (MBA mention)

Majority of Homeowners Could See Their First Shift in Adjustable Mortgage Rates

Mortgage Professional America, Mar. 5, 2018--Francis Monfort
Most homeowners with adjustable-rate mortgages could experience their first interest rate increase if the low-interest-rate environment ends, according to survey results released by HSBC.

Ben Carson on His Vexing Reign at HUD: Brain Surgery Was Easier Than This

New York Times, Mar. 5, 2018--Glenn Thrush, Robin Lindsay
Carson's efforts to steer the agency toward programs that foster self-sufficiency, one of his stated goals, have been undermined by staffing mistakes, his indecisiveness and a president indifferent, at best, to the department's mission of helping the poor, according to two dozen current and former HUD and administration officials.

113 Congressional Republicans Declare Support for Mick Mulvaney as CFPB Director

HousingWire, Mar. 5, 2018--Ben Lane
The lines of support are very clearly drawn in the battle over who should serve as interim director of the Consumer Financial Protection Bureau.

Crapo, Hensarling Lead Court Brief Supporting Mulvaney as CFPB Head

National Mortgage News, Mar. 5, 2018--Ian McKendry (subscription)
The 38 senators and 75 House members--led by Senate Banking Committee Chairman Mike Crapo, R-Idaho, and House Financial Services Committee Chairman Jeb Hensarling, R-Texas--said President Trump had legal standing to appoint Mulvaney despite deputy CFPB Director Leandra English's claim that she was the rightful acting director.

Mississippi's Thad Cochran to Resign from Senate after Four-Decade Congressional Career

Washington Post, Mar. 5, 2018--Sean Sullivan, Paul Kane
Cochran, 80, has been suffering from health problems in recent months. He missed several weeks in the Senate last fall while recuperating from an infection.

Chase Offers $3,000 Grant to Low-Income Homebuyers

HousingWire, Mar. 5, 2018--Kelsey Ramirez
Qualified buyers will be eligible to receive a $2,500 grant along with an additional $500 available for customers getting a DreaMaker mortgage after they complete a homebuyer education course.

Your Zillow Account Makes It Costlier to Buy a Home

Bloomberg, Mar. 5, 2018--Issi Romem
The author, chief economist with Buildzoom Inc., says available information about homes on the internet force buyers to race and make offers, driving up prices.

Competition May Force CMBS Issuers to Pursue Higher LTV Loans

National Mortgage News, Mar. 5, 2018--Bonnie Sinnock (subscription)
"Many market participants believe that increased conduit leverage is required for the CMBS market to effectively compete for future commercial real estate loans and maintain CMBS conduit issuance at sustainable levels," Fitch Ratings analysts wrote in a report.

Fed Considering ‘Broad Revisions' to Volcker Rule Compliance

Wall Street Journal, Mar. 5, 2018--Lalita Clozel (subscription)
The Federal Reserve is considering "broad revisions" to how banks comply with a rule that prevents them from engaging in certain types of trading and investing.

Manhattan Apartment Sales Plummet in January to 2012 Low

Reuters, Mar. 5, 23018--Herbert Lash
Apartment sales in Manhattan fell to the lowest monthly rate in January since February 2012 as a declining trend in city-wide sales both by price and volume emerged, listings and data website CityRealty said on Monday.

Former Stearns CEO Named Mortgage Chief at Builder

Mortgage Daily, Mar. 5, 2018
Brian Hale, former CEO of Stearns Lending LLC, will join William Lyons Homes as president.

Compliance Tech Addresses HMDA, TRID and QC

Mortgage Daily, Mar. 5, 2018--Sam Garcia
Mortgage service providers are helping home lenders with quality control and complying with the Home Mortgage Disclosure Act and the TILA-RESPA Integrated disclosures. One product is targeting California per-diem restrictions, while another addresses New York's new security requirements.

CRE Opinion: How to Profit During Inflation

D Magazine, Mar. 5, 2018--Ari Rastegar
Investing in hard assets can protect against inflation. When an economic shift happens, investors seek to add alternative investments like commercial real estate to their traditional stock, bond and cash portfolios.

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

MBA NewsLink, a daily electronic publication, is a member benefit free to employees of MBA member companies, and available by paid subscription to non-members. For membership information, click here.

If this email has been forwarded to you, please visit our web site to subscribe.

The links at the end of each abstract are to the publisher, publication, or article. Some links may require registration or subscription.

One Voice. One Vision. One Resource. The Mortgage Bankers Association  (MBA) is the national association representing the entire real estate finance industry. For more information visit us at