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Volume 18 | Issue 155 | Tuesday, August 13, 2019

The Lede

 

CoreLogic: Delinquency Rates Steady at 20-Year Low

Ahead of the Mortgage Bankers Association's National Delinquency Report release this morning, CoreLogic, Irvine, Calif., reported the May serious delinquency rate tied with April as the lowest for any month in nearly 14 years.

 

Top National News

 
A Danish Bank is Offering Mortgage Rates with Negative Interest Rates--Why You Shouldn't Wish for that to Happen in the U.S.

MarketWatch, Aug. 12, 2019--Jacob Passy
Places like Europe and Japan have another economic hurdle that's made negative rates possible: Their populations are aging, which means their labor force is shrinking. "That's an enormous headwind on economic growth," said Michael Fratantoni, chief economist at the Mortgage Bankers Association, a trade group that represents the home-loan industry. "That keeps interest rates extraordinarily low."

New Villain in Battle over CFPB Mortgage Rule: Appendix Q

American Banker, Aug. 12, 2019--Kate Berry (subscription)
Mortgage lenders are urging the Consumer Financial Protection Bureau to overhaul a set of little-known guidelines for how they document a borrower's creditworthiness.

Fed Considers New Tool for a Downturn

Wall Street Journal, Aug. 12, 2019--Lalita Clozel (subscription)
The countercyclical capital buffer would require banks to hold more capital should the economy show signs of overheating.

Lower Mortgage Rates Aren't Boosting U.S. Housing

Bloomberg, August 12, 2019--Danielle DiMartino-Booth
The residential real estate market is less affordable now than any time since before the financial crisis. (MBA mention)

Half of Homebuyers with Kids Base Purchase on School District

HousingWire, Aug. 12, 2019--Alcynna Lloyd
Report says proximity and quality of nearby schools play a large role for homebuyers with children.

Residential Finance News

 
MBA Education Path to Diversity Scholar Profile: Latasha Tucker

Latasha Tucker is a Portfolio Manager with Mr. Cooper, Lewisville, Texas.

Sun Belt Continues to Attract Home Buyers from High-Tax Metros

It's hardly a secret that over the past several decades, the South and Southwest have seen strong population growth from northerly regions. Redfin, Seattle, said the pace picked up in the second quarter.

Commercial/Multifamily News

 
Single-Family Rental Growth Likely to Continue

The single-family rental market should experience continued strong growth through the second half of 2019, said Arbor, Uniondale, N.Y., and Chandan Economics, New York.

Commercial/Multifamily Briefs

Bellwether Enterprise Real Estate Capital, Cleveland, opened an office in Nashville, Tenn.

Dealmaker: UDR, MetLife Execute $1.7B JV Swap Transaction

UDR, Highlands Ranch, Colo., and MetLife Investment Management, New York, agreed to $1.76 billion in transaction swaps involving several joint ventures.

MBA News

 
Keith Urban Highlights Concert MBA at Annual 19

Keith Urban, 2018 Country Music Association and Academy of Country Music Entertainer of the Year and four-time Grammy Award winner, highlights Concert MBA at Annual19, the Mortgage Bankers Association's Annual Convention & Expo, Oct. 27-30 in Austin, Texas.

MBA Education Advanced Risk Management Concepts Workshop in Chicago Sept. 15

MBA Education presents a special edition of its Advanced Risk Management Concepts Workshop on Sunday, Sept. 15 in conjunction with the MBA Risk Management, Quality Assurance and Fraud Prevention Forum in Chicago.

Make Your Voice Heard through MBA Mortgage Action Alliance

The Mortgage Action Alliance is a voluntary, non-partisan and free nationwide grassroots lobbying network of real estate finance industry professionals, affiliated with the Mortgage Bankers Association.

About MBA Newslink

President and CEO: Robert Broeksmit, CMB

Publisher: Marcia Davies, Chief Operating Officer

Vice President of Public Affairs: John Mechem jmechem@mba.org

Editor: Mike Sorohan 202/557-2855 msorohan@mba.org 

Editorial Director: Michael Tucker 202/557-2851 mtucker@mba.org 

Senior Editorial/Advertising Specialist: Lesley Hall 202/557-2856 lhall@mba.org

Advertising Opportunities: Bill Farmakis 203/834-8832 bill@jlfarmakis.com

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One Voice. One Vision. One Resource. The Mortgage Bankers Association  (MBA) is the national association representing the entire real estate finance industry. For more information visit us at mba.org.