Mortgage applications for new home purchases fell by 9 percent in September from August but improved by 8.2 percent from a year ago, the Mortgage Bankers Association reported this morning.
Weekly Mortgage Applications Fall 1.7% as Interest Rates Move Above 5%
CNBC, Oct. 10, 2018--Diana Olick
This Is Why Homes Are Now Even Less Affordable for Most Americans
Barron's, Oct. 10, 2018--Avi Salzman
Lenders Fear Worst from Rent Control Measure on California Ballot
National Mortgage News, Oct. 10, 2018--Hannah Lang (subscription)
Millennials Want a House Soon, But Some Buying into Purchase Myths
National Mortgage News, Oct. 10, 2018--Elina Tarkaziks (subscription)
Rent Just Fell for the First Time in 8 Months
HousingWire, Oct. 10, 2018--Jeremiah Jensen
Wells Fargo is Back in the Mortgage Securitization Business
HousingWire, Oct. 10, 2018--Ben Lane
Flagstar Hires Former PrimeLending President
Mortgage Daily, Oct. 10, 2018
Three Reasons Why Zillow's Move into Mortgages Matters
National Mortgage News, Oct. 10, 2018--Craig Martin (subscription)
States' Response to OCC Fintech Charter 'Disappointing,' Top Treasury Official Says
American Banker, Oct. 10, 2018--Neil Haggerty (subscription)
Top Officials Praise the Fed and its Independence, After New Attacks from President Trump
CNBC, Oct. 11, 2018--Silvia Amaro
MBA Asks Bureau to Improve Trial Disclosure Program
The Mortgage Bankers Association urged the Consumer Financial Protection Bureau to improve its trial disclosure program, particularly to encourage more companies and trade associations (such as MBA) to undertake trial disclosures in partnership with the Bureau.
Quicken: Home Value Perceptions Stable
For the second consecutive month, homeowners seem to understand their home's value, said Quicken Loans, Detroit.
ATTOM: Foreclosure Activity at Lowest Level Since 2005
ATTOM Data Solutions, Irvine, Calif., reported 177,146 U.S. properties with foreclosure filings (default notices, scheduled auctions or bank repossessions) in the third quarter, down by 6 percent from the previous quarter and down by 8 percent from a year ago to the lowest level since 2005.
Online Retailers Invest in Bricks
A record number of e-commerce retailers opened physical stores last year and 850 more are set to open in the next five years, reported JLL, Chicago.
Dealmaker: Meridian Capital Arranges $128M
Meridian Capital Group, New York, arranged $88 million in senior and mezzanine financing secured by 28 assets in Brooklyn and Manhattan.
MBA Recognizes Select Members
MBA recognizes its Select Associate Members and thanks them for their continued support of MBA and the real estate finance industry.
MBA Education School of Mortgage Banking Course III Dec. 4-7 in Dallas
MBA Education presents its School of Mortgage Banking Course III Dec. 4-7 at Mr. Cooper in Dallas.
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).