Mortgage applications fell for only the second time in two months last week as interest rates crept slightly higher, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending April 5.
New-Home Loan Apps Suggest Spring Buying Will Be Better this Year
National Mortgage News, Apr. 9, 2019--Brad Finkelstein (subscription)
House Flipping Is Back to Pre-Crisis Levels. Here's Why It's Less of a Concern
Wall Street Journal, Apr. 9, 2019--Laura Kusisto (subscription)
Chipping Away at the Mortgage Deduction
Wall Street Journal, Apr. 9, 2019--William G. Gale (subscription)
U.S. Non-Bank Mortgage Lenders Come Under Scrutiny
Financial Times, Apr. 9, 2019--Sam Fleming, Joe Rennison (subscription)
Agencies Near Consensus on Key Elements of CRA Reform
American Banker, Apr. 9, 2019--Rachel Witkowski (subscription)
Mnuchin, Waters Engage in Angry Exchange with Cameras Rolling on Capitol Hill
Washington Post, Apr. 9, 2019--Damian Paletta, Erica Warner
Senate Republicans Skeptical of Cain's Fed Confirmation Chances
Wall Street Journal, Apr. 9, 2019--Paul Kiernan, Kristian Peterson, Siobhan Hughes (subscription)
Ben Carson Bashes 'Imaginary Belief' that HUD Aims to Dismantle Fair Housing Protections
HousingWire, Apr. 9, 2019--Jessica Guerin
U.S. Job Openings Hit 11-Month Low; Quits Rate Stagnates
Reuters, Apr. 9, 2019--Lucia Mutikani
NAHREP: Hispanics Largely Responsible for Increase in Homeownership in Past Decade
The National Association of Hispanic Real Estate Professionals said Hispanics accounted for nearly 40 percent of U.S. household formation and nearly 63 percent of the increase in homeownership in the past 10 years.
Sellers to Spend Nearly $21,000 to Sell Home This Year
Home sellers could spend $20,851 on average to sell their homes, including closing costs, but also improvements and other projects made when people are preparing their homes for sale, said a report from Zillow and Thumbtack.
CMBS Delinquency Rate Increases For a Change
The commercial mortgage-backed securities delinquency rate did something rarely seen recently: it increased.
Dealmaker: JLL Secures $282M in New York
JLL, Chicago, arranged $281.7 million for New York office and multifamily properties.
MBA Legal Issues & Regulatory Compliance Conference in New Orleans May 5-8
The Mortgage Bankers Association's Legal Issues & Regulatory Compliance Conference takes place May 5-8 at the Hyatt Regency New Orleans.
MBA Education UMBS and Your Business: Best Practices for Readiness Webinar Today
MBA Education presents a webinar, UMBS and Your Business: Best Practices for Readiness Webinar, today, Apr. 10 from 2:00-3:30 p.m. ET.