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Volume 17 | Issue 94 | Tuesday, May 15, 2018

The Lede


MBA Releases Disaster Recovery Guide

The Mortgage Bankers Association released a new consumer-facing information brochure, Disaster Recovery: A Resource for Homeowners, available for use by all MBA members, counseling groups, government agencies and organizations that offers assistance and advice to homeowners in the aftermath of a natural disaster.


Top National News

Cities Now Use Taxes to Fight Blight. Is It Working?

Governing Magazine, May 14, 2018--J. Brian Charles
Some cities are turning to vacant property taxes to nudge property owners of both retail and residential spaces to lease, develop or sell their properties before a short-term vacancy turns into what some cities see as blight.

4 Things Mortgage Industry Marketers Need To Be Doing

Forbes, May 14, 2018--Steve Olenski
It appears many in the mortgage industry have been marketing themselves the same way since 2008, when the recession was in full swing. We're talking paper fliers, mailing ads and other ‘archaic' methods.

Multifamily Market Poised for Tumble

Mortgage Daily, May 15, 2018--Rick Sharga
The author, with Carrington Mortgage Holdings, says despite some needed price corrections in some overheated markets, there is more than enough demand--and capital--for the multifamily sector. (MBA mention)

Millennials Hit Obstacles in Search of Homeownership

National Mortgage Professional, May 14, 2018--Phil Hall
A new survey conducted by The Harris Poll on behalf of Trulia found that 98 percent of Millennials planning to buy in the next year have run into obstacles that prevent them from making a purchase at this time.

Angel Oak Mortgage Plans to Double Down on Non-QM Lending in 2018

National Mortgage News, May 14, 2018--Bonnie Sinnock (subscription)
Angel Oak Mortgage, which originated more than $1 billion in loans outside the ability-to-repay rule's safe harbor last year, plans to produce at least twice that volume in 2018.

loanDepot Lifts Home Lending from Year Earlier

Mortgage Daily, May 15, 2018
Quarterly mortgage originations were up from the same period last year at loanDepot LLC. The company trimmed its servicing and staffing from year-end 2017.

Volcker Rule Rewrite Is Said to Drop Key Trading Burden on Banks

Bloomberg, May 15, 2018--Jesse Hamilton, Benjamin Bain
Additional changes the regulators intend to propose include making it easier for banks to stockpile assets that their customers may want to buy in the near term and dialing back compliance burdens for smaller lenders. The agencies expect to release the proposal by the end of the month.

Mortgage Relief for Those Impacted by Hawaiian Volcano

DS News, May 14, 2018--David Wharton
Several lenders, including Wells Fargo and Bank of Hawaii, have announced mortgage relief for homeowners impacted by the disaster.

Residential Finance News

MBA Washington Update: Meghan Sullivan on Key Issues

The Mortgage Bankers Association's latest Washington Update features MBA Associate Vice President of Legislative and Political Affairs Meghan Sullivan, who reports on three key developments from the past week.

Inventory Shortages Hitting Luxury Homes, Too

We've heard about housing inventory shortages for potential first-time home buyers, But according to Redfin, Seattle, the "haves" are facing shortages, too.

Fitch: U.S. RMBS Risk Diverging on Recent Investor Loans

A rise in non-traditional or no income borrower documentation has led to significant variation in the credit risk of recently originated investor property loans in U.S. residential mortgage-backed securities deals, said Fitch Ratings, New York.

Commercial/Multifamily News

'Landlord-Favorable' Industrial Real Estate Conditions

U.S. industrial real estate market conditions remained "landlord-favorable" during the 12 months ending March 31, reported Avison Young, Toronto.

Dealmaker: Trevian Capital, Crown Properties Make $35M Multifamily Acquisition

A joint venture between Trevian Capital and Crown Properties acquired three multifamily properties totaling 407 units in Elgin, Ill., Madison, Wis. and Chesterton, Ind. for $34.6 million.

MBA News

MISMO Spring Summit in Denver June 4-8

The MISMO Summits offer you an opportunity to learn more about MISMO and to engage in face-to-face standard setting activities.

MBA Compliance Essentials Home Mortgage Disclosure Act Resource Guide Available

MBA Education and MBA Compliance Essentials announce availability of the Compliance Essentials Home Mortgage Disclosure Act Resource Guide.

MBA Advanced Risk Management for Mortgage Pros Workshop in Washington June 11-13

MBA Education presents its popular Advanced Risk Management for Mortgage Pros Workshop June 11-13 in Washington, D.C.

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

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