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Volume 17 | Issue 218 | Tuesday, November 06, 2018

The Lede

 

MBA: October Mortgage Credit Availability Rises

Mortgage credit availability increased in October, the Mortgage Bankers Association reported this morning.

 

Top National News

 
Moody's Homebuilding Outlook Falls from Positie to Just OK

HousingWire, Nov. 5, 2018--Alcynna Lloyd
Moody's Investor Service has lowered its homebuilding outlook from positive to stable, signaling macro factors and order trends are expected to impact future growth.

Private-Label RMBS on Track to Surge Again in 2019: Bank of America

National Mortgage News, Nov. 5, 2018--Bonnie Sinnock (subscription)
Although forecasts anticipate a continuing drop in overall originations, private-label residential mortgage-backed securitizations backed by newer loans are expected to keep increasing through next year, according to Bank of America.

Single-Family Rental Market Sees an Uptick in Portfolio Sales as Institutional Owners Prune Their Holdings

National Real Estate Investor, Nov. 5, 2018--Mary Diduch
Single-family rental owners are selling off big chunks of their portfolios at the highest level in more than a decade, according to data from one research firm.

Reverse Mortgage Market Closes Out October with Positive Gains

HousingWire, Nov. 5, 2018--Jessica Guerin
RMI President John Lunde said the numbers continue to point to a slow recovery for the HECM industry, which has seen volume nosedive this year thanks to program changes issued last October.

Lowe's to Close Nearly 50 Stores

Wall Street Journal, Nov. 5, 2018--Sarah Nassauer (subscription)
Lowe's Cos. Inc. said it would close nearly 50 stores as a new CEO seeks to boost sales by shedding less-profitable locations and focus spending elsewhere.

October Service Sector Growth Strong as Economy Remains Hot

CNBC, Nov. 5, 2018--Michael Scheetz
U.S. services expanded in October more than anticipated as economic growth remained hot, according to a report Monday.

Residential Finance News

 
MBANow: MBA President & CEO Bob Broeksmit, CMB on Loan Originator Compensation Rule

The Mortgage Bankers Association's latest MBANow video features MBA President and CEO Bob Broeksmit, CMB, who discusses MBA's proposed changes to the Bureau of Consumer Financial Protection's Loan Originator Compensation Rule.

Black Knight: Interest Rate Increases Cut Refinanceable Population by More than Half

Black Knight, Jacksonville, Fla., said recent 30-year fixed-rate mortgage loan interest rate increases has cut by more than half the number of American homeowners who could benefit from refinancing.

CoreLogic: Home Price Growth Continues to Slow

CoreLogic, Irvine, Calif., said year over year home price growth continued to slow in Septmber amid affordability issues in many key markets.

Commercial/Multifamily News

 
ULI: Open Space Can Deliver Significant Return on Investment

Developers can see a return on investment by incorporating parks and open spaces in their properties, reported the Urban Land Institute, Washington, D.C.

Dealmaker: Passco Cos. Buys N.C. Apartments for $57M

Passco Cos., Irvine, Calif. acquired 312-unit Class A multifamily community Asheville Exchange in Asheville, N.C., for $56.6 million.

MBA News

 
MBA Accounting & Financial Management Conference in Orlando Nov. 12-14

The Mortgage Bankers Association's MBA Accounting & Financial Management Conference takes place in Orlando Nov. 12-14.

MBA Education School of Loan Origination Begins Jan. 22

MBA Education presents its popular School of Loan Origination instructor-guided online course from Jan. 22-Feb. 14.

MBA Education Fundamentals and Best Practices in Mortgage Accounting Workshop Nov. 12

MBA Education presents a workshop, Fundamentals and Best Practices in Mortgage Accounting Workshop, on Monday, Nov. 12 at the Hyatt Regency Orlando.

About MBA Newslink

President and CEO: Robert Broeksmit, CMB

Publisher: Marcia Davies, Chief Operating Officer

Vice President of Public Affairs: John Mechem jmechem@mba.org

Editor: Mike Sorohan 202/557-2855 msorohan@mba.org 

Editorial Director: Michael Tucker 202/557-2851 mtucker@mba.org 

Senior Editorial/Advertising Specialist: Lesley Hall 202/557-2856 lhall@mba.org

Advertising Opportunities: Bill Farmakis 203/834-8832 bill@jlfarmakis.com

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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 mba.org.