The Mortgage Bankers Association, in a letter last week to the Rural Housing Service, expressed support for the agency's proposed rule to amend its loss-claim and loss-mitigation processes, but cautioned the proposal, as written, could result in increased losses for lenders on foreclosed properties.
MBA Urgest FCC to Stick to Plain Text of Telemarketing Law
Mortgage Professional America, Oct. 29, 2018--Francis Monfort
FTC Warns Lenders: Do Not Lie in Loan Refinancing Ads
HousingWire, Oct. 29, 2018--Ben Lane
4 Questions Ahead of Fed Proposal to Overhaul Regional Bank Rules
American Banker, Oct. 29, 2018--Neil Haggerty, Hannah Lang (subscription)
Fewer Children And Older Repeat Buyers: 5 Takeaways From the 2018 Housing Market
USA Today, Oct. 29, 2018--Janna Herron
Mortgage Market is Ripe for Fraud (Again)
National Mortgage News, Oct. 29, 2018--Josh Migdal (subscription)
Drop in Purchases Pulls Down Mortgage Market Index
Mortgage Daily, Oct. 29, 2018
The State With the Lowest Downpayment Average Is...
National Mortgage Professional, Oct. 29, 2018--Phil Hall
FHFA Issues Proposed Rule on Federal Home Loan Bank Housing Goals
The Federal Housing Finance Agency yesterday proposed amendments to existing regulations for Federal Home Loan Bank housing goals.
Loan Defect Risk Trends Up Following Hurricanes
If history is any indicator, the Carolinas and the Florida Panhandle can expect to see loan defect spikes in the coming months, said First American Financial Corp., Santa Ana, Calif.
Time Spent Saving for Home Down Payment Getting Longer
Home values have grown by nearly twice as much as incomes have over the past 20 years, said Zillow.com, Seattle. And that is having long-term consequences, not only for Millennials but for current homeowners as well.
Tech Employers' Spillover Effect on Office Rents
Technology companies from northern California, Seattle, Boston and New York are expanding into new markets, creating more office space demand and rent growth in beneficiary markets, reported CBRE, Los Angeles.
Dealmaker: Avanath Acquires Two Apartment Communities for $72M
Avanath Capital Management, Irvine, Calif., acquired two metro Chicago multifamily properties totaling 668 units for $72.2 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.
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.
Upcoming MBA Education School of Mortgage Banking II Courses
MBA Education presents its popular School of Mortgage Banking Course II Nov. 27-30 at USAA in Tampa, Fla.