Not displaying correctly? View in a browser
Volume 18 | Issue 63 | Tuesday, April 02, 2019

The Lede


Balancing Security, Innovation in Digital Lending

DALLAS--Data breaches and evolving strategies by bad actors are putting financial institutions under more pressure than ever before.


Top National News

The Mortgage Rate 'Undo': Opportunities And Caveats

Forbes, Apr. 1, 2019--Brad Hunter
Mortgage rates just hit the "undo" button. Already this year rates have reversed almost all of the increases that they saw in 2018. (MBA mention)

San Francisco Fed Says Banks Could Weather a Big Hit to Housing

Bloomberg, Apr. 1, 2019--Jeanna Smialek
America's banks could largely weather a major housing downturn, a new Federal Reserve Bank of San Francisco analysis finds, and that includes thousands of smaller lenders who typically have higher exposure to real estate.

Congress Pits VA Mortgage Costs Against Veterans' Health Care

American Banker, Apr. 1, 2019--Hanna Lang (subscription)
The Blue Water Navy Vietnam Veterans Act would hike the VA's mortgage "guarantee fees" to cover medical costs of roughly 90,000 Navy veterans who served in Vietnam's territorial seas between 1962 and 1975 and suffer from diseases connected to the U.S. military's forest-clearing herbicide.

White House to Fed: Cut Rates

National Mortgage Professional, Apr. 1, 2019--Phil Hall
The President took to Twitter to deride the Fed's 2018 rate hikes, which he considered a policy error that halted economic progress.

Redfin: Homebuyer Competition Eases as Housing Market Cools

HousingWire, Apr. 1, 2019--Alcynna Lloyd
According to recent data from Redfin, housing market competition is easing, therefore permitting homebuyers to close on homes faster than previous months.

Mortgage Lenders, Expect Your Closing Rate to Decline Over the Next Year

HousingWire, Apr. 1, 2019--Jessica Guerin
The closing rate for purchase mortgages recently hit a record high, but analysts at Capital Economics warn lenders that this trend is unlikely to continue.

HUD: Reverse Mortgage Volume Falls in Q1 2019

Reverse Mortgage Daily, Apr. 1, 2019--Chris Clow
Home Equity Conversion Mortgages endorsements in Q1 2019 dropped by 18.19 percent from the previous quarter to $2.48 billion, while HECM endorsement counts in FY 2019 Q1 declined 17.67 percent from last quarter to 7,388 loans.

Altisource Selling Financial Services Business to Transworld Systems

HousingWire, Apr. 1, 2019--Ben Lane
Altisource's financial services business includes Nationwide Credit, a provider of collections, customer relationship management and call center outsourcing for the financial, retail credit, mortgage servicing, insurance, utility and hospitality industries.

Mixed Data Offer Glimmers of Hope for Slowing U.S. Economy

Reuters, Apr. 1, 2019--Lucia Mutikani
U.S. retail sales unexpectedly fell in February, but a rebound in factory activity in March and strong increase in construction spending offered hope the economy was not slowing as sharply as previously feared.

Residential Finance News

The (Slow) Return of Private-Label Securitization

DALLAS--After years of false starts, the private-label securitization market is finally showing signs of life--albeit not at levels in which anyone appears to be happy, or confident.

MBA, Trade Groups Urge Senate to Approve Calabria as FHFA Director

The Mortgage Bankers Association and nearly two dozen industry trade groups asked the Senate to approve Mark Calabria, the Trump Administration's nominee to serve as Director of the Federal Housing Finance Agency.

Black Knight: Tappable Equity Falls for Second Straight Quarter

Black Knight, Jacksonville, Fla., said tappable equity--the amount available for homeowners with mortgages to borrow against before hitting a maximum 80 percent combined loan-to-value ratio--fell by $229 billion in the fourth quarter.

Residential Briefs

The Federal Housing Finance Agency issued its semi-annual Credit Risk Transfer Progress Report, noting Fannie Mae and Freddie Mac transferred a portion of credit risk on nearly $3 trillion of unpaid principal balance in 2018.

Commercial/Multifamily News

MBA 4Q Commercial/Multifamily DataBook Reports Vacancy Rates, Asking Rents Up Slightly

Commercial property vacancy rates generally ticked up during 2018, but so did asking rents, the Mortgage Bankers Association Fourth Quarter Commercial/Multifamily DataBook reported.

Dealmaker: Largo Group Secures $179M for Office/Retail/Hotel Assets

The Largo Group of Cos., Buffalo, N.Y., secured $178.7 million for properties in Calgary, Alberta and four U.S. states.

MBA News

MISMO Spring Summit June 3-7 in Milwaukee; Registration Now Open

Registration is now open for the MISMO Spring Summit, taking place June 3-7 at the Pfister Hotel in Milwaukee.

MBA School of Mortgage Banking II May 14-17 in Chicago

MBA Education presents its popular School of Mortgage Banking Course II May 14-17 in Chicago.

MBA Disaster Recovery Guide Now Available in Spanish

The Mortgage Bankers Association and the National Association of Hispanic Real Estate Professionals have developed a Spanish-language version of Disaster Recovery: A Resource for Homeowners, a consumer-facing informational guide.

About MBA Newslink

President and CEO: Robert Broeksmit, CMB

Publisher: Marcia Davies, Chief Operating Officer

Vice President of Public Affairs: John Mechem

Editor: Mike Sorohan 202/557-2855 

Editorial Director: Michael Tucker 202/557-2851 

Senior Editorial/Advertising Specialist: Lesley Hall 202/557-2856

Advertising Opportunities: Bill Farmakis 203/834-8832

MBA NewsLink, a daily electronic publication, is a member benefit free to employees of MBA member companies, and available by paid subscription to non-members. For membership information, click here.

If this email has been forwarded to you, please visit our web site to subscribe.

The links at the end of each abstract are to the publisher, publication, or article. Some links may require registration or subscription.

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