In the wake of yet another high-profile data security breach, this time involving Capital One, the Mortgage Bankers Association this week sent a letter to the Federal Trade Commission offering recommendations on a proposed rulemaking on standards for safeguarding customer information.
Mortgage Applications Fall for the Third Straight Week, Despite Lower Interest Rates
CNBC, July 31, 2019--Diana Olick
HUD Plan Would Raise Bar for Claims of Fair Lending Abuse
National Mortgage News, July 31, 2019--Hannah Lang (subscription)
Tapping Homes for Cash to Get Tougher Under New FHA Limits
Wall Street Journal, Aug. 1, 2019--Ben Eisen (subscription)
'Continuity and Consistency' Fortify Freddie Mac's 2Q Earnings
National Mortgage News, July 31, 2019--Paul Centopani (subscription)
Fiserv Completes Purchase of First Data
HousingWire, July 31, 2019--Jessica Guerin
2019 Woman of Influence: Susan Stewart
HousingWire, Aug. 1, 2019
CMBS Issuance Focuses on 'Bulletproof' Retail Loans
National Real Estate Investor, July 31, 2019--Beth Mattson-Teig
MBA Opens Doors Foundation's Deborah Dubois Presented with Alyse Childers-Wiley Memorial Award by CMG Financial
Deborah Dubois, President of MBA Opens Doors Foundation, was presented with the Alyse Childers-Wiley Memorial Award by CMG Financial at the CMG Foundation's 9th Annual Wine Tasting and Auction on July 15 in San Francisco.
Fed Lowers Funds Rate
The Federal Open Market Committee yesterday lowered the federal funds rate for the first time since the Great Recession, citing a desire to protect the U.S. economy amid weakening global conditions.
Racial Gaps in Homeownership, Home Equity, Wealth Widened During Economic Expansion; Student Debt Weighs Down Potential Homeowners
Redfin, Seattle, said homeowners in primarily white neighborhoods gained an average of $70,000 more in home equity than homeowners in primarily black neighborhoods from 2012 to 2018.
Hotels Returns Mostly Positive
The hotel sector reported mostly positive metrics but decreased occupancy during the second quarter, STR and CBRE Hotels reported.
The National Credit Union Administration is changing the regulation requiring real estate appraisals for certain commercial real estate transactions.
Dealmaker: Greystone Arranges $178M Multifamily Refi in Brooklyn
Greystone, New York, closed a $178 million permanent loan to refinance Hoyt & Horn, a new 26-story mixed-income apartment property in Brooklyn, N.Y.
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 School of Mortgage Banking II Courses
MBA Education presents its popular School of Mortgage Banking Course II in several locations this summer and fall.
MBA Education/Compliance Essentials Managing the Risks of CFPB and State Examinations Sept. 15
MBA Education and Compliance Essentials present a workshop, Managing the Risks of CFPB and State Examinations, on Sunday, Sept. 15 at the Sheraton Grand Chicago, in conjunction with the MBA Risk Management, QA and Fraud Prevention Summit.