Mortgage applications, fueled by an uptick in refinancings, increased for the first time in more than a month as key interest rates fell to three-year lows, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending August 2.
Ocwen: Profitability May Still Be a Year Away
National Mortgage News, Aug. 6, 2019--Bonnie Sinnock (subscription)
New York Sues Rent-to-Own Operator Vision Property Management for Predatory Lending
HousingWire, Aug. 6, 2019--Ben Lane
Down Payment Issues Lead Millennials to Seek FHA Mortgages
National Mortgage News, Aug. 6, 2019--Brad Finkelstein (subscription)
Moody's Predicts Rise in Lender Profits
HousingWire, Aug. 6, 2019--Jessica Guerin
U.S. Labor Market Slowing as Job Openings, Hiring Fall
Reuters, Aug. 6, 2019--Lucia Mutikani
One Reason Housing is So Expensive in California? Cities, Counties Charge Developers High Fees
Los Angeles Times, Aug. 6, 2019--Liam Dillon
MISMO Hires Jonathan Kearns as Vice President of Technology
MISMO, the mortgage industry's standards organization, hired Jonathan Kearns as Vice President of Technology.
CoreLogic, Redfin Report Modest June Home Price Gains
Reports from CoreLogic, Irvine, Calif, and Redfin, Seattle, saw June home prices rise modestly.
CBRE: Lending Momentum Index Jumps 20.8% YOY
CBRE, Los Angeles, reported commercial real estate lending activity gained traction in the second quarter following an earlier brief pause amid financial market volatility.
Black Knight, Jacksonville, Fla., and Reonomy, New York, announced an agreement to incorporate Black Knight property record data into Reonomy's commercial real estate platform.
Dealmaker: Arbor Funds $60M for Three Multifamily Properties
Arbor Realty Trust, Uniondale, N.Y., funded $59.7 million in multifamily refinance and acquisition loans.
mPowering You: MBA's Summit For Women in Real Estate Finance in Austin Oct. 26
mPowering You: MBA's Summit For Women in Real Estate Finance, takes place Saturday, Oct. 26 at the Austin Convention Center in Austin, Texas.
MBA Expands Path to Diversity Scholarship Program Eligibility to Select Conferences
The Mortgage Bankers Association announced that 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.