Fannie Mae and Freddie Mac yesterday announced a delay to the Feb. 1, 2020 implementation date for the redesigned Uniform Residential Loan Application and automated underwriting system implementations.
Mortgage Rates Plunge to Their Lowest Levels in 33 Months
Washington Post, Aug. 8, 2019--Kathy Orton
Mortgage Credit Availability Slightly Lower
National Mortgage Professional, Aug. 8, 2019--Phil Hall
Homeowners Rush to Refinance, Thanks to Falling Yields
Wall Street Journal, Aug 8, 2019--Matt Wirz, Christina Rexrode, Rachel Louise Ensign (subscription)
What Prevents Non-QM Loans From Closing? The Devil is in the Details
National Mortgage News, Aug. 8, 2019--Bonnie Sinnock (subscription)
New FHA Cash-Out Refi Rule Curbs Financing for Moderate-Income Borrowers
Orange County Register, Aug. 8, 2019--Jeff Lazerson
CFPB Study Shows Alternative Credit Models Lead to More Loans, Cheaper Loans
HousingWIre, Aug. 8, 2019--Ben Lane
Economists See Greater Chance of September Rate Cut, WSJ Survey Says
Wall Street Journal, Aug. 8, 2019--Harriet Torry (subscription)
Zillow Group Slows Hiring for Mortgage Division Following Delayed Software Rollout
GeekWire, Aug. 8, 2019--Nat Levy
Can the American Dream Mega-Mall Succeed in a Changing Retail World?
National Real Estate Investor, Aug. 8, 2019--Liz Wolf
As Rates Drop, Millennials Look to Refinance
Ellie Mae, Pleasanton, Calif., said a "dramatic" drop in mortgage interest rates has led to an active refinance market for Millennials.
Redfin: Bidding War Slide Continues
Redfin, Seattle, reported just 11 percent of offers nationwide faced a bidding war in July, down from more than 45 percent a year earlier, the lowest rate of bidding wars since at least 2011.
Office Sector Well-Positioned for Slowing Economy
The office sector should likely remain resilient despite moderating U.S. economic growth, said Transwestern, Houston.
Dealmaker: Raleigh, N.C. Office Tower Changes Hands for $138M
Preferred Office Properties, Atlanta, acquired CapTrust Tower in Raleigh, N.C., from KBS, Newport Beach, Calif.
MBA Human Resources Symposium Sept. 11-12
The Mortgage Bankers Association's annual Human Resources Symposium takes place Sept. 11-12 at the Hyatt Regency in Crystal City, Va.
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.
mPact: MBA's Network for Young Professionals
mPact is MBA's network for young professionals in the real estate finance industry. Join a community of your peers, share your experiences with others online, network with industry insiders, hone your skills or have a voice in the future of real estate finance.