In California, propositions--ballot initiatives that give voters tremendous influence in public policy--are a way of life (think Howard Jarvis and Proposition 13, the landmark 1978 measure that capped state property taxes). But the Mortgage Bankers Association says one such ballot initiative this November could have unintended consequences for affordable housing.
Mortgage Industry Calls on CFPB to Rehab LO Comp Rule
National Mortgage News, Oct. 1, 2018--Elina Tarkazikis (subscription)
New Bill Clarifies VA Mortgage Eligibility in Ginnie Mae Securities
National Mortgage Professional, Oct. 1, 2018--Phil Hall
CFPB Official Vows to Stay in Job After Reports of Past Racial Remarks
Wall Street Journal, Oct. 1, 2018--Yuka Hayashi (subscription)
FHA: We Saw Appraisal Issues on 37% of HECM Loans
HousingWire, Oct. 1, 2018--Jessica Guerin
U.S. Housing Market Faces '5-Percent' Test
Reuters, Oct. 1, 2018--Richard Leong
Beaten-Down Subprime Mortgage Bonds Offered a Decade of Gains
Bloomberg, Oct. 1, 2018--Claire Boston
Growth Drives Hirings at Gateway Mortgage Group
Mortgage Daily, Oct. 1, 2018
Fannie Leads Agency MBS Issuance Lower
Mortgage Daily, Oct. 1, 2018
Two-Thirds of U.S. Business Economists See Recession by End-2020
Bloomberg, Oct. 1, 2018--Jeff Kearns
Studies Examine 'Delicate Balance' Between Customer Experience, Fraud Prevention
Striking the "delicate balance" between customer experience and fraud prevention is not an easy feat, a series of studies by Forrester Consulting and TransUnion reported.
Housing Demand Unchanged for 4th Consecutive Month
Redfin, Seattle, said its Housing Demand Index has remained roughly unchanged for the past four months, inching up by just 0.3 percent from July to 125.2 in August.
MBANow CREF Corner Office Conversation with Walker & Dunlop's Willy Walker
The Mortgage Bankers Association released a new interview with Walker & Dunlop Chairman and CEO Willy Walker, who discusses multifamily, Walker & Dunlop's business strategy and GSE reform. Walker serves on MBA's board of directors.
Commercial Real Estate's Relative Value Slips
Commercial real estate's relative value compared to price slipped in the second quarter, reported Situs RERC, Houston.
Dealmaker: 303 East Wacker Changes Hands For $182M
Franklin Street Properties, Wakefield, Mass., sold Chicago office tower 303 East Wacker to Beacon Partners, Boston, for $182 million.
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.
Make Your Voice Heard through MBA Mortgage Action Alliance
The Mortgage Action Alliance is a voluntary, non-partisan and free nationwide grassroots lobbying network of real estate finance industry professionals, affiliated with the Mortgage Bankers Association.
MBA Compliance Essentials UDAAP & FTC MAP Rule Resource Guide Available
The MBA Compliance Essentials program offers a new Resource Guide: Unfair, Deceptive, or Abusive Acts and Practices (UDAAP) & FTC Mortgage Acts and Practices Advertising (MAP) Rule.