An analysis by Climate Central, Princeton, N.J., and Zillow, Seattle, shows nearly 20,000 homes built in the past decade are at significant risk of chronic coastal flooding by 2050.
Many Homebuyers Pick Mortgage Lender Before Signing Contract: Fannie
National Mortgage News, Aug. 5, 2019--Brad Finkelstein (subscription)
America Needs an Independent Fed
Wall Street Journal, Aug. 5, 2019--Paul Volcker, Alan Greenspan, Ben Bernanke, Janet Yellen (subscription)
The 55+ Housing Market is Still Going Strong
HousingWire, Aug. 5, 2019--Jessica Guerin
For the First Time Ever, Mortgage Bonds Are Being Sold at a Negative Rate
Bloomberg, Aug. 5, 2019--Frances Schwartzkopff
Fed to Launch Real-Time Payments System for Launch in 2023 or 2024
Reuters, Aug. 5, 2019--Pete Schroeder
Revenue-Strapped Lenders Take Another Look at Unbanked Customers
American Banker, Aug. 5, 2019--Kevin McCarthy (subscription)
Banks Tighten Standards on Commercial Real Estate, Credit Card Loans
Reuters, Aug. 5, 2019--Ann Saphir
Black Knight: July Affordability Improves to 18-Month High
Black Knight, Jacksonville, Fla., said falling interest rates and slowing home price appreciation in June brought housing affordability to its highest level since December 2017.
J.D. Power: Primary Loan Services Have Trust Issues with Customers
J.D. Power, Costa Mesa, Calif., said mortgage servicers havesome of the lowest customer service rankings in 2018 among service industries.
New York Faces Consequences of Rent Control Changes
Multifamily analysts say New York City's new rent control law could have several unintended consequences.
Dealmaker: Passco Cos. Acquires Georgia Apartments for $58M
Passco Cos., Irvine, Calif., acquired Grand Oaks at Crane Creek apartment community in Augusta, Ga., from Southeastern Development Assocs., Augusta, for $58 million.
Terry McAuliffe, Chris Christie, Margaret Brennan Keynote MBA Annual19 General Session
It's only summer, but the Mortgage Bankers Association's Annual Convention (Oct. 27-30 in Austin, Texas) is already heating up, with former Virginia Gov. Terry McAuliffe, former New Jersey Gov. Chris Christie and CBS News' Fact the Nation host Margaret Brennan keynoting the Politics Today General Session on Tuesday, Oct. 29.
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.
MBA Compliance Essentials Offers Certified Mortgage Compliance Professional Designation Level 1
Earn recognition for your mortgage compliance expertise: MBA Education and the MBA Compliance Essentials program offer the only certification and designation program geared exclusively towards compliance professionals in the mortgage finance industry, the Certified Mortgage Compliance Professional (CMCP).