On Wednesday, the Federal Housing Administration published Mortgagee Letter 2019-13, which provides temporary guidance clarifying how to satisfy requirements for single-unit approvals in condominium projects not approved by FHA.
Here's Why You Might Want to Rethink Getting an Adjustable-Rate Mortgage
CNBC, Aug. 26, 2019--Sarah O'Brien
Bargain-Hunting Robocars Could Spell the End of Downtown Parking...
Fairfield Citizen (Conn.), Aug. 23, 2019--Corey Harper
Forget July's Slump in New-Home Sales, Mortgage Rates are Reviving the Housing Market
MarketWatch, Aug. 23, 2019--Jeffry Bartash
Powell Issues Warning Over Trade, Signals More Rate Cuts Are Possible
Wall Street Journal, Aug. 23, 2019--Nick Timiraos (subscription)
Regulators Aren't Done Rolling Back Volcker Rule
American Banker, Aug. 25, 2019--Hannah Lang (subscription)
Appraisals May Soon Not Be Required on Certain Home Sales of $400,000 and Under
HousingWire, Aug. 23, 2019--Ben Lane
The Interest Rate Declines That Have Worried Ivestors, Economists and the Fed are Your Mortgage's Fault
Business Insider, Aug. 25, 2019--George Pearkes
Millennial Mortgage Debt Levels Could Soon Top All Other Generations
National Mortage News, Aug. 23, 2019--Elina Tarkazikis (subscription)
Lighting Up Kitchens, Baths
UExpress, Aug. 23, 2019--Lew Sichelman
New Home Sales Fall, But All Not Bad
HUD and the Census Bureau on Friday reported July new home sales fell by nearly 13 percent from June but improved from a year ago.
MBA Chart of the Week: Commercial Property Capitalization Rates
Commercial real estate values are a function of a property's income and the capitalization (cap) rate. Essentially the inverse of a price-to-earnings ratio, cap rates are a gauge of the yield investors demand to put their money into commercial real estate--with a lower cap rate demonstrating higher investor interest in each dollar of current income.
Industrial Assets Supporting CRE Price Growth
Real Capital Analytics, New York, said the industrial sector sustained commercial property price growth in July even as CRE transaction volume fell sharply.
Dealmaker: JLL Arranges $168M In Boston Area
JLL, Chicago, arranged $168 million in financing for three Boston-area office and laboratory assets.
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.
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.