On Thursday the GSEs announced changes to the Uniform Residential Loan Application that include removing a language preference question. On Monday, the Mortgage Action Alliance launched "Advocacy in August," an initiative designed to keep MBA members informed and engaged with the industry's advocacy efforts during the August congressional recess.
Millennials Drive Mortgage Refinance Boom, and Lenders are Scrambling
CNBC, Aug. 9, 2019--Diana Olick
Why the FHFA's Latest Loan App Revision May Be the One that Sticks
National Mortgage News, Aug. 9, 2019--Bonnie Sinnock (subscription)
HUD Expands Section 220 Program to All Opportunity Zones
National Mortgage Professional, Aug. 9, 2019--Phil Hall
Rates are Low, and Mortgages are Cheap. So Why Aren't Americans Buying More Homes?
CNN, Aug. 9, 2019
Lower Mortgage Rates Aren't Likely to Reverse Sagging Home Sales
Wall Street Journal, Aug. 9, 2019--Laura Kusisto (subscription)
Mortgage Rates Fall Sharply sa Trade Concerns Mount...
MarketWatch, Aug. 10, 2019--Jacob Passy
The Slowly Shrinking House
UExpress, Aug. 9, 2019--Lew Sichelman
MBA Chart of the Week: Warehouse Lines for Loans Held For Sale
Mortgage banker usage level of warehouse lines for loans held for sale was at 56 percent at the end of the second quarter, rising from the previous quarter and from one year ago, according to MBA's latest quarterly Warehouse Lending Survey.
Recessions, Down Payments and Other Influences on the Housing Market
The current low interest rate environment and the evolution from a seller's market to a buyer's market are certainly driving recent mortgage activity. But what about other factors? Reports from Zillow, First American Financial Corp. and PenFed Credit Union offer unique perspectives.
The Week Ahead
Congress remains in recess, returning after Labor Day. But the Mortgage Bankers Association kicks things up this week with three major reports.
Freddie Mac: 'Robust' Multifamily Outlook
Freddie Mac, McLean, Va., predicted a "robust" rental market and strong multifamily volume growth through the end of the year.
Dealmaker: NorthMarq Arranges $257M for Mixed-Use, Multifamily
NorthMarq, Minneapolis, arranged $257 million in construction and acquisition financing for mixed-use and multifamily properties in Missouri and Georgia.
MBA Regulatory Compliance Conference 2019 in Washington Sept. 22-24
The Mortgage Bankers Association's annual Regulatory Compliance Conference takes place Sept. 22-24 at the Grand Hyatt in Washington, D.C. Early registration deadline is Monday, Aug. 12.
Upcoming MBA Education School of Mortgage Banking III Courses
MBA Education presents its School of Mortgage Banking Course III, with sessions scheduled for this fall and winter.
MISMO Publishes Business Reference Model for 60-Day Member Comment Period
MISMO announced release of its Business Reference Model for a 60-day member comment period through Sept. 29.