Mortgage applications fell last week as key interest rates ticked up higher, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending August 23.
Connect Episode 6--Krystal Thomas
California Mortgage Bankers Association, Aug. 27, 2019
Consumer Groups, Lenders Find Common Cause Against CFPB Mortgage Provision
American Banker, Aug. 28, 2019--Kate Berry (subscription)
Consumer Watchdog Starts Hiring After 15% Staff Drop Under Trump
Wall Street Journal, Aug. 27, 2019--Yuka Hayashi (subscription)
Fed Rejects Call to Consider Politics in Policy Decisions
Wall Street Journal, Aug. 27, 2019--Nick Timiraos (subscription)
Ex-Fed Official Dudley's Call to Block Trump Draws Criticism
Bloomberg, Aug. 27, 2019--Steve Matthews
Homeowners Tapping Retirement Funds to Cover Debt Needs
National Mortgage Professional, Aug. 27, 2019--Phil Hall
How a 20-Year Home Mortgage Can Save You a Ton of Money
Washington Post, Aug. 28, 2019--Michele Lerner
PMI Gains as Fewer First-Time Homebuyers Use FHA
HousingWire, Aug. 27, 2019--Kathleen Howley
U.S. Yield Inversion Deepens, Stokes Recession Fears
Reuters, Aug. 27, 2019--Richard Leong
Housing Market Cooldown Reaches Longest Streak Since 2009
Home prices rose by 3.1% annually in June, the 15th consecutive month of annual slowing growth, according to the Standard & Poor's CoreLogic Case-Shiller National Home Price Indices.
August Consumer Confidence Eases
The Conference Board, New York, said its Consumer Confidence Index declined marginally in August, following July's rebound.
Special Servicing Volume Declines Again
Fitch Ratings, New York, reported the volume of commercial mortgage-backed securities loans and assets in special servicing declined nearly 10 percent between April and July to $9.8 billion.
Dealmaker: Phillips Realty Capital Structures $67M for Data Center
Phillips Realty Capital, Bethesda, Md., arranged $67 million to refinance and improve a 199,000-square-foot Tier III data center and office building in Vienna, Va.
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 Education Fundamentals and Best Practices in Mortgage Accounting in San Diego Nov. 19
MBA Education presents a half-day workshop, Fundamentals and Best Practices in Mortgage Accounting, at the Marriott Marquis San Diego Marina on Tuesday, Nov. 19 in conjunction with the MBA Accounting and Financial Management Conference.
MBA Expands Path to Diversity Scholarship Program Eligibility to Select Conferences
The Mortgage Bankers Association announced 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.