Builder confidence in the market for newly built single-family homes rose one point to 66 in August, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index.
Applications For New Home Sales Jumped 11% on Lower Rates
Mortgage Orb, Aug. 15, 2019--Patrick Barnard
Mortgage Rates Level Off at Multiyear Lows as Investors Stay Away from Mortgage-Backed Securities
Washington Post, Aug. 15, 2019--Kathy Orton
FHA to Ease Access to Loans in Unapproved Condo Complexes
San Bernardino Sun, Aug. 15, 2019--Jeff Lazerson
Bankers Welcome Rush of Refis, But It's No Cure-All
American Banker, Aug. 15, 2019--Andy Peters (subscription)
Lender Risk from CFPB Underwriting Rule Tested in Ohio Case
National Mortgage News, Aug. 15, 2019--Kate Berry (subscription)
The Startups Safeguarding Real Estate Against Schemers and Scammers
Wall Street Journal, Aug. 15, 2019--Beth DeCarbo (subscription)
Real Estate Startup Flyhomes Secures $141 Million and Promises to Buy Your House
HousingWire, Aug. 15, 2019--Kathleen Howley
A Mortgage Company Goes to War with Connecticut Regulators
CT Mirror, Aug. 15, 2019--Mark Pazniokas
U.S. 10-Year Yield Drops Below 1.5% for First Time Since 2016
Bloomberg, Aug. 15, 2019--Emily Barrett
MBA Commends HUD for Reproposed Draft of FHA Annual Lender Certification
HUD this week published in the Federal Register a set of revisions it originally proposed in May for FHA annual letter certifications, a move that drew praise from the Mortgage Bankers Association.
Redfin: July Home Prices Rise as Supply Falls
Redfin, Seattle, said U.S. home prices rose for the fourth consecutive month in July, growing by 3.3 percent year over year, even as home sales fell despite low mortgage rates.
Ginnie Mae, Washington, D.C. said issuance of its mortgage-backed securities totaled $47.188 billion in July, the highest since December 2016.
The Inverted Yield Curve's Effect on CRE
The recent yield curve inversion may raise concerns about a potential recession, but it is unlikely to harm commercial real estate investors.
Dealmaker: George Smith Partners Arranges $30M for Hotel, Office Assets
George Smith Partners, Los Angeles, secured $30.4 million in acquisition financing for a Corona, Calif. hotel and an office tower in San Fernando, Calif.
mPowering You: MBA's Summit For Women in Real Estate Finance in Austin Oct. 26
mPowering You: MBA's Summit For Women in Real Estate Finance, takes place Saturday, Oct. 26 at the Austin Convention Center in Austin, Texas.
Upcoming MBA School of Mortgage Banking II Courses
MBA Education presents its popular School of Mortgage Banking Course II in several locations this summer and fall.
Save on FedEx Shipping through MBA Member Advantage Program
Through the MBA Member Advantage Program, you can save up to 29 percent on small package shipping with FedEx.