This past week, Treasury Secretary Steven Mnuchin testified before both the House Financial Services Committee and the House Appropriations Subcommittee on Financial Services and General Government regarding a broad slate of economic items and the Treasury Department's FY 2020 budget request, respectively.
Mortgage Demand is Up a Bit: Quicken Loans Founder
CNBC Squawk Box, Apr. 12, 2019
GE to Pay $1.5 Billion Fine over Subprime Mortgage Misdeeds
MarketWatch, Apr. 12, 2019--Andrea Riquier
Mortgage Results Improve at Wells Fargo, JPMorgan Chase
National Mortgage News, Apr. 12, 2019--Bonnie Sinnock (subscription)
Warren, Tillis Looking to Enforce GSE Salary Caps
American Banker, Apr. 12, 2019--Neil Haggerty (subscription)
Why Donald Trump's Fed Picks Stephen Moore and Herman Cain Have Caused Such a Ruckus
USA Today, Apr. 14, 2019--Paul Davidson, Michael Collins
Former House Financial Services Committee Chairman Jeb Hensarling Lands at UBS
HousingWire, Apr. 12, 2019--Ben Lane
How Far Will the CFPB Go to Modernize Debt Collection Rules?
American Banker, Apr. 14, 2019--Kate Berry (subscription)
The Forgotten Costs of Remodeling
UExpress, Apr. 12, 2019--Lew Sichelman
Veros: Continued Slowing in Top 100 Housing Markets
Veros Real Estate Solutions, Santa Ana, Calif., said annual home price appreciation in the top 100 U.S. housing markets will continue to slow over the year.
The Week Ahead
Congress is in recess for the next two weeks (officially, "District Work Sessions"). The House and Senate return on Apr. 29.
MBA Chart of the Week: Top Investor-Driven Lenders, 2018
Mortgage real estate investment trusts, debt funds and other "investor-driven lenders" are one of the hottest capital sources in today's commercial real estate finance markets.
Grocery Stores Defy Retail Sector Slump
New grocery store openings increased 30 percent in 2018 compared to 2017 as grocers added more than 17 million square feet of space in the U.S., reported JLL, Chicago.
Dealmaker: Quantum Capital Partners Secures $54M
Quantum Capital Partners, Beverly Hills, Calif., arranged $54 million to refinance four Los Angeles properties.
MBA Commercial/Multifamily Servicing & Technology Conference in L.A. May 14-17
The Mortgage Bankers Association's annual Commercial/Multifamily Servicing & Technology Conference takes place May 14-17 at the J.W. Marriott L.A. Live in Los Angeles.
MBA Education Advanced Risk Management for Pros June 3-5 in D.C.
MBA Education presents its popular Advanced Risk Management for Mortgage Pros Workshop, in conjunction with the Robert H. Smith School of Business at the University of Maryland, in Washington, D.C. June 3-5.
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.