HUD last week issued a reproposed draft of FHA's annual lender certification in the Federal Register. FHA also finalized its condominium loan guidelines. And the Federal Housing Finance Agency published its final rule on validation and approval of third-party credit score models eligible for use by Fannie Mae and Freddie Mac. All three issues have been long-standing priorities for MBA, and this progress serves as a reminder of the importance of sustained advocacy.
Falling Mortgage Rates Aren't What They Used to Be
Bloomberg, Aug. 16, 2019--Justin Fox
MBA Dissects VA Underwriting at Recent Webinar
National Mortgage Professional, Aug. 17, 2019
HUD Plan to Alter Anti-Discrimination Rule Called 'Deepy Cynical'
American Banker, Aug. 16, 2019--Kate Berry (subscription)
American Consumers are Holding Up the Global Economy. But for How Long?
Washington Post, Aug. 18, 2019--Rachel Siegel, Abha Bhattari, Heather Long
The Doomsday Warnings About the U.S. Mortgage Market Are Getting it Backward
Business Insider, Aug. 18, 2019--Neil Dutta
Drop in Mortgage Rates a Boon for Homebuyers and Refinancing
Dallas News, Aug. 16, 2019--Steve Brown
1st Alliance Suspends Originations Pending State Dispute's Resolution
National Mortgage News, Aug. 16, 2019--Bonnie Sinnock (subscription)
American Mortgage Service Co. and Eustis Mortgage Plan to Merge
HousingWire, Aug. 16, 2019--Ben Lane
Best Time to Show, Best Day to List
UExpress, Aug. 16, 2019--Lew Sichelman
HUD Proposes Revised ‘Disparate Impact' Rule
HUD on Friday published a proposed rule to amend the HUD interpretation of the Fair Housing Act's disparate impact standard.
MBA Chart of the Week: FHA Seriously Delinquent Loans By Origination Year
MBA released its second quarter of 2019 National Delinquency Survey results this week. While overall delinquencies increased over the previous quarter and from a year ago, loans that were seriously delinquent--90 days or more past due or in the process of foreclosure--dropped. In fact, the seriously delinquent rate reached 1.95 percent, its lowest level since second quarter 2006.
July Overall Housing Starts Dip, But Single-Family Starts Solid
HUD and the Census Bureau on Friday said July housing starts fell by 4 percent from June--although not because of single-family activity.
The Week Ahead
Congress remains in recess, returning after Labor Day. But the Mortgage Bankers Association keeps thing busy with a couple of economic reports.
Net Lease Momentum Returns
Momentum is returning to the net lease sector after a slow start to 2019, analysts say.
Dealmaker: Cohen Financial Arranges $50M for Office, Retail, Multifamily
Cohen Financial, Chicago, arranged $50.1 million for properties in Illinois, Georgia and Michigan.
MBA Annual19 Comes to Austin, Texas Oct. 27-30
The Mortgage Bankers Association's Annual Convention & Expo takes place Oct. 27-30 at the Austin Convention Center in Austin, Texas.
MBA Expands Path to Diversity Scholarship Program Eligibility to Select Conferences
The Mortgage Bankers Association announced that scholarships awarded under its popular Path to Diversity (P2D) Scholarship Program can now also be used towards six upcoming MBA conferences where attendees can obtain Continuing Professional Education (CPE), Continuing Legal Education (CLE) or Society of Human Resource Management (SHRM) credits. The scholarships were previously only available for courses offered by MBA Education.
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.