Mortgage applications fell last week as key interest rates topped 5 percent for the first time since 2011, the Mortgage Bankers Association's reported this morning in its Weekly Mortgage Applications Survey for the week ending October 5.
Mortgage Industry Layoffs are Picking Up
Scotsman Guide, Oct. 9, 2018--Victor Whitman
Mortgage Rates Jump Past 5%, Signaling More Home Price Cuts Ahead
CNBC, Oct. 9, 2018--Diana Olick
HSBC Finalizes Large Subprime RMBS Settlement
Mortgage Daily, Oct. 9, 2018
Serious Mortgage Delinquency at 11-Year Low
Mortgage Daily, Oct. 9, 2018
Lennar Is in Advanced Talks to Sell Its Real-Estate Lending Unit, Rialto Capital
Wall Street Journal, Oct. 9, 2018--Craig Karmin, Laura Kusisto, Dana Mattioli (subscription)
Home Sales and Cancellations are Rising at D.R. Horton
National Mortgage News, Oct. 9, 2018--Bonnie Sinnock (subscription)
Sears Hires Advisers to Prepare Bankruptcy Filing
Wall Street Journal, Oct. 9, 2018--Suzanne Kapner, Lillian Rizzo, Soma Biswas (subscription)
23K New Construction Jobs in September
National Mortgage Professional, Oct. 9, 2018--Phil Hall
Rent-to-Own Innovator Divvy Raises $30 Million to Fund Growth
HousingWire, Oct. 9, 2018--Ben Lane
MBA ‘Call to Action' Urges Senate Approval of Non-Traditional Mortgage Access
The Mortgage Bankers Association's grassroots advocacy arm, the Mortgage Action Alliance, issued a Call to Action yesterday urging support for a Senate bill that would increase mortgage access for non-traditional borrowers.
MBA Debuts Broeksmit Blog
Mortgage Bankers Association President and CEO Robert Broeksmit, CMB, debuted his initial blog entry this week.
Analysis Finds Nearly 60,000 Homes in Michael's Storm Surge Path
With Hurricane Michael projected to make landfall along the Gulf Coast this afternoon, CoreLogic, Irvine, Calif., estimates more than 57,000 homes potentially affected by storm surge damage exposure.
Hotel Sector Faces Volatility
Healthy economic momentum and consumer confidence have boosted travel and hotel performance, but the sector could see more volatility in 2019, analysts say.
Mountain America Credit Union, West Jordan, Utah, introduced eClosings on commercial loans.
Dealmaker: NorthMarq Capital Secures $58M
NorthMarq Capital, Minneapolis, secured $58 million for retail, multifamily and mixed-use assets.
MBA Recognizes Premier Members
These MBA members provide a variety of valuable products and services, including legal, insurance, technology, consulting, communications and more that help to grow your bottom line.
MBA Education School of Mortgage Banking Course III Dec. 4-7 in Dallas
MBA Education presents its School of Mortgage Banking Course III from Dec. 4-7 at Mr. Cooper in Dallas.
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.