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Volume 17 | Issue 196 | Tuesday, October 09, 2018

The Lede

 

CoreLogic Says Mortgage Delinquency, Foreclosure Rates at 12-Year Low

CoreLogic, Irvine, Calif., said U.S. foreclosure and mortgage delinquency rates fell to 12-year lows in July.

 

Top National News

 
Mortgage Lending Standard Tightened Last Month Reports MBA

Mortgage Professional America, Oct. 8, 2018--Steve Randall
Lending standards for conventional mortgage loans eased in September but were offset by tighter standards in government-backed loans. That meant an overall tightening of lending according to the Mortgage Bankers Association's Mortgage Credit Availability Index.

Mortgage Delinquencies from Florence Could Hit VA Loans Hardest

National Mortgage News, Oct. 8, 2018--Paul Centopani (subscription)
Delinquencies will be on the rise and Veterans Affairs loans have greater density within FEMA-declared disaster zones from Hurricane Florence, according to Black Knight.

Goldman Is Looking to Reduce Marcus Lending Goal on Credit Caution

Bloomberg, Oct. 8, 2018--Sridhar Natarajan
Goldman Sachs Group Inc. is looking to restrain the rapid expansion of its online lending platform as the firm grows more cautious on the consumer debt market that's a key area of growth.

Over 2 Dozen Mortgage Events in Q4

Mortgage Daily, Oct. 8, 2018--Sam Garcia
More than two dozen events are on the Mortgage Daily Mortgage Conference Calendar for the final quarter of this year.

Residential Finance News

 
Fannie Mae Names Hugh Frater Interim CEO; Tim Mayopoulos to Leave Oct. 15

Fannie Mae, Washington, D.C., appointed Hugh R. Frater as Interim CEO, effective October 16, subject to final Federal Housing Finance Agency approval. He will succeed Timothy J. Mayopoulos, who announced his intention to depart in July and will leave the company on October 15.

Housing Sentiment Dips Slightly on Interest Rate Concerns

Fannie Mae, Washington, D.C., reported its Home Purchase Sentiment Index decreased slightly in September, falling 0.3 points to 87.7 and reversing August's increase.

Residential Briefs

HUD and the Department of Veterans Affairs announced $35 million in grants to combat veteran homelessness.

Commercial/Multifamily News

 
CRE Price Growth Picks Up in August

U.S. commercial real estate property price growth picked up in August, reported Real Capital Analytics, New York.

Dealmaker: HFF Finances $137M for Office/Retail/Industrial

Holliday Fenoglio Fowler LP arranged $136.6 million in financing for properties in Florida, California, New Jersey and Colorado.

MBA News

 
Academy Award-Winning Actor Geena Davis Keynotes mPower Event at MBA Annual Convention

Academy Award winning actor Geena Davis keynotes the mPower Luncheon on Tuesday, Oct. 16 at the Mortgage Bankers Association's Annual Convention & Expo in Washington, D.C.

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.

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.