MBA last week led a broad coalition of 29 groups in a letter calling on the Trump administration and Congress to complete the job of reforming the GSEs. The letter coincided with the 10-year anniversary of the GSEs being placed into conservatorship.
A Legacy of the Financial Crisis? The Makings of the Next One
Washington Post, Sept. 7, 2018--Roger Lowenstein
A Decade After the Financial Crisis, Many Americans are Still Struggling to Recover
Los Angeles Times, Sept. 9, 2018--Jim Puzzanghera
The Financial Crisis Made Us Afraid of Risk-For a While
Wall Street Journal, Sept. 8, 2018--Greg Ip (subscription)
Advisory Boards are Back at CFPB, But with Fewer Members
American Banker, Sept. 7, 2018--Kevin Wack (subscription)
Google Searches for 'Mortgage Rates'--a Tour through Financial Market History
MarketWatch, Sept. 7, 2018--Andrea Riquier
Nonbank Mortgage Employment Inches Down as Housing Market Loses Steam
National Mortgage News, Sept. 7, 2018--Bonnie Sinnock (subscription)
Highland Capital Is Close to $300 Million Rental-Home Deal
Bloomberg, Sept. 7, 2018--Patrick Clark, Gillian Tan
Loan Innovations Keep Coming
UExpress, Sept. 7, 2018--Lew Sichelman
Mortgage Biz Off 4 Wks in Row Despite Purchase Bump
Mortgage Daily, Sept. 7, 2018
MSRs on Nearly $2 Bil in Ginnie Mae Loans for Sale
Mortgage Daily, Sept. 7, 2018
Rental Glut Sends Chill Through the Hottest U.S. Housing Markets
Bloomberg, Sept. 7, 2018--Prashant Gopal
44 Million Americans Have Tappable Equity
Black Knight, Jacksonville, Fla., said despite slower home price growth, U.S. tappable equity surpassed $6 trillion for the first time, impacting 44 million homeowners with mortgages.
Report Cites Broad Home-Equity Gains Across Minority, White Neighborhoods
Homeowners in white, minority and mixed-race neighborhoods posted substantial gains in home equity between 2012 to 2018, said Redfin, Seattle.
The Week Ahead
The Mortgage Bankers Association releases its monthly Mortgage Credit Availability Index this Tuesday, Sept. 11; its Weekly Applications Survey this Wednesday, Sept. 12; and its monthly Builder Applications Survey this Thursday, Sept. 13, The Federal Reserve releases its Beige Book this Wednesday, Sept. 12.
MBA Chart of the Week: Commercial/Multifamily Delinquency Rates Since 1996
It is hard to overstate how low commercial and multifamily mortgage delinquency rates are today.
Small-Balance Market Shows Resilience
Despite pressure from rising interest rates, valuations on properties securing small-balance multifamily loans have shown clear resilience, said Arbor and Chandan Economics.
Dealmaker: HFF Closes $161M in Retail, Industrial Refinancings
Holliday Fenoglio Fowler, Houston, secured $161.3 million to refinance retail and industrial assets in Texas and Maryland.
MBA Risk Management/QA/Fraud Prevention Forum Sept. 23-25
The Mortgage Bankers Association's annual Risk Management, QA and Fraud Prevention Forum takes place Sept. 23-25 in Los Angeles.
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.
MBA Education Successful Practices in Third-Party Risk Management at MISMO Summit Sept. 28
MBA Education offers a workshop, Third-Party Risk Management, on Friday, Sept. 28 during the MISMO Fall Summit at the Ritz-Carlton in McLean, Va.
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.