This past week, HUD issued a Mortgagee Letter delaying plans to impose new requirements on government entities that offer down payment assistance for mortgages backed by FHA. Also, Congress continued its two-week recess as members remained in their districts for the Passover/Easter/Spring District Work Period. They return to Washington this week.
Waters' CFPB Bill Being Readied for House Consideration
National Mortgage Professional, Apr. 26, 2019--Phil Hall
6 Mortgage-Dependent Firms Bullish on 2019 Despite 1Q Business Losses
National Mortgage News, Apr. 26, 2019--Brad Finkelstein (subscription)
Urban Institute Urges CFPB to Release More Data on Multifamily Lendng
HousingWire, Apr. 26, 2019--Jessica Guerin
First Quarter GDP Growth at 3.2%
U.S. gross domestic product increased at a 3.2 percent rate in the first quarter, the Bureau of Economic Analysis reported Friday.
The Week Ahead
The Federal Open Market Committee meets this Tuesday, Apr. 30 and Wednesday, May 1 for its regularly scheduled policy meeting.
MBA Chart of the Week: Commercial Real Estate Mortgage Debt Outstanding and LIBOR
Within commercial real estate finance markets, a LIBOR transition would have broad--and varied--impacts.
Gap Between Net Lease Retail Buyers, Sellers Shrinks
The gap between buyer and seller expectations is narrowing in the single-tenant net-leased retail sector, analysts said.
Dealmaker: Knighthead Funding Provides $36M for Multifamily, Retail
Knighthead Funding LLC, Greenwich, Conn., provided $36.3 million for multifamily and retail assets in Chicago and New York.
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 Webinar: Technology & CRE Finance--Where Are We & Where Are We Headed? May 29
Join MBA Education for an informative webinar, Technology & CRE Finance: Where Are We & Where Are We Headed?, on Wednesday, May 29 from 2:00-3:30 p.m. ET.
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.