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Volume 18 | Issue 65 | Thursday, April 04, 2019

The Lede

 

March Mortgage Credit Availability Up 1.1%

Mortgage credit availability increased in March, the third consecutive monthly increase, the Mortgage Bankers Association reported this morning.

 

Top National News

 
Refinancing Spike to Keep Mortgage-Backed Security Investors on Guard

Bloomberg, Apr. 3, 2019--Christopher Maloney
Home refinances jumped 39 percent during the week ended March 29, according to the Mortgage Bankers Association. With the index now at its highest level since Nov. 11, 2016, it's likely investors will continue to look to protect themselves from rising prepayment speeds.

FHFA's Otting Authorizes GSE Affordable Housing Payments

National Mortgage News, Apr. 3, 2019--Hannah Lang (subscription)
Acting Federal Housing Finance Agency Director Joseph Otting has authorized Fannie Mae and Freddie Mac to contribute to the National Housing Trust Fund and Capital Magnet Fund, ending a delay in transferring funds that worried affordable housing advocates.

Ben Carson Said He Doesn't Know Why DACA Recipients Are Being Denied Housing Loans His Department Oversees

Buzzfeed, Apr. 3, 2019--Nidhi Prakash
Ben Carson, secretary of the Department of Housing and Urban Development, said he doesn't know why DACA recipients are being turned down for housing loans backed by his agency.

Republicans Change Senate Rules to Speed Nominations as Leaders Trade Charges of Hypocrisy

Washington Post, Apr. 3, 2019--Paul Kane
The move, on a pair of largely party-line votes of 51-to-48, will ease the confirmation process for President Trump's nominees to sub-Cabinet positions in federal agencies and speed judicial nominees at the district court level.

Warren Doubles Down on Ending 'Too Big to Jail'

American Banker, Apr. 3, 2019--Hannah Lang (subscription)
Sen. Elizabeth Warren, D-Mass., introduced legislation Wednesday that would require executives of large corporations to serve jail time when their companies commit crimes, including for violations of civil law.

Zillow Just Became the Mortgage and Real Estate Industry's Biggest Frenemy

HousingWire, Apr. 3, 2019--Julian Hebron
Is Zillow big enough to double its lender and realtor lead business while also growing into a lender and an instant-offer firm?

Residential Finance News

 
Former MBA Chairman Felix Beck Passes Away

Felix Beck, Chairman Emeritus of Chase Home Finance who served as Chairman of the Mortgage Bankers Association in 1983 and 1984, passed away on Mar. 26. He was 93.

MBANow: William Kooper on Transitional Licensing

In this MBANow video, William Kooper, MBA Vice President of State Government and Industry Relations, discusses Transitional Licensing and Temporary Authority and how to best prepare for future changes.

Alterra Puts Advocacy to Work in D.C.

WASHINGTON--With hundreds of Mortgage Bankers Association members here this week in the nation's capital for the MBA National Advocacy Conference, it seems fitting to write about an MBA member company that made the most of its recent trip to D.C.

Commercial/Multifamily News

 
1Q Single-Tenant Net Lease Cap Rates Diverge

Single-tenant net lease cap rates diverged by sector in the first quarter, reported Boulder Group, Northbrook, Ill.

Commercial/Multifamily Briefs

NorthMarq, Minneapolis, acquired Austin, Texas-based commercial mortgage banking firm Texas Realty Capital.

Dealmaker: Sonnenblick-Eichner Secures $36M for California Hotel

Sonnenblick-Eichner Co., Beverly Hills, Calif., arranged $36.3 million of first mortgage financing for the DoubleTree by Hilton Hotel Campbell - Pruneyard Plaza, a 169-room hotel in downtown Campbell, Calif.

MBA News

 
MBA National Secondary Market Conference & Expo May 19-22

The Mortgage Bankers Association's National Secondary Market Conference & Expo returns to the New York Marriott Marquis May 19-22.

MBA School of Mortgage Banking II in San Antonio Apr. 9-12

MBA Education presents its popular School of Mortgage Banking Course II Apr. 9-12 in San Antonio.

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.