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Volume 18 | Issue 82 | Monday, April 29, 2019

The Lede

 

MBA Advocacy Update

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.

 

Top National News

 
Waters' CFPB Bill Being Readied for House Consideration

National Mortgage Professional, Apr. 26, 2019--Phil Hall
The House may soon vote on a bill introduced by Financial Services Committee Chairwoman Maxine Waters, D-Calif., that would roll back changes to the Consumer Financial Protection Bureau introduced during Mick Mulvaney's term as Acting Director.

6 Mortgage-Dependent Firms Bullish on 2019 Despite 1Q Business Losses

National Mortgage News, Apr. 26, 2019--Brad Finkelstein (subscription)
While title companies reported a decrease in business in the first quarter compared with the same period in 2018, lower interest rates are providing positive momentum in the early portion of the current period.

Urban Institute Urges CFPB to Release More Data on Multifamily Lendng

HousingWire, Apr. 26, 2019--Jessica Guerin
The Urban Institute said vague reporting of Home Mortgage Disclosure Act data is a roadblock that prevents analysts from understanding how well a lender is serving its community.

Residential Finance News

 
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.

Commercial/Multifamily News

 
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 News

 
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.

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.