SAN DIEGO--A strong final three months of the year helped commercial and multifamily mortgage originations increase by 3 percent in 2018, according to preliminary estimates from the Mortgage Bankers Association's Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.
MReport, Feb. 8, 2019--Rachel Williams, Krista Franks Brock
California Home Purchase Activity Plunges Amid Affordability Crisis
Fox Business, Feb. 8, 2-19--Brittany De Lea
Wells Fargo Loan Officers granted Class Action in Calif. Pay Dispute
National Mortgage News, Feb. 8, 2019--Bonnie Sinnock (free article)
Facing Opposition, Amazon Reconsiders NY Headquarters Site, Two Officials Say
Washington Post, Feb. 8, 2019--Robert McCartney, Jonathan O'Connell, Patricia Sullivan
CoesterVMS Shuts Down
HousingWire, Feb. 8, 2019--Jacob Gaffney
Homeowners Planning to Buy Soon are Falling Off the Map
National Mortgage News, Feb. 8, 2019--Elina Tarkazikis (subscription)
California Homeowners Face Higher Prices for a Scarce Commodity: Wildfire Insurance
Wall Street Journal, Feb. 10, 2019--Nicole Friedman (subscription)
Hold On to Your Wallet
UExpress, Feb. 8, 2019--Lew Sichelman
MBA Advocacy Update
Last week, MBA President and CEO Bob Broeksmit, CMB, participated in a CEO-level panel discussion on housing finance reform. And Comptroller of the Currency and Acting Federal Housing Finance Agency Director Joseph Otting said at a separate event that the Trump administration would prefer to end government control over Fannie Mae and Freddie Mac through legislative action.
Tallman Johnson Joins MBA as Associate Vice President of Legislative Affairs
The Mortgage Bankers Association hired Tallman Johnson as Associate Vice President of Legislative Affairs, responsible for advocating on behalf of MBA's legislative and policy priorities on Capitol Hill, with a primary focus on Republican members of the U.S. Senate.
MBA Chart of the Week: Applications for Home Purchase Loans
This week's chart highlights trends we saw in state level home purchase applications data from our State Mortgage Activity Report.
The Week Ahead
SAN DIEGO--MBA NewsLink comes to you this week from the Mortgage Bankers Association's Commercial Real Estate Finance/Multifamily Housing Convention & Expo, the largest gathering of commercial/multifamily professionals in the country.
MBA Forecast: Commercial/Multifamily Originations to Hold Firm in 2019
SAN DIEGO--Steady commercial real estate markets, along with equity and debt availability, are expected to keep commercial and multifamily mortgage originations roughly on par with the volumes seen the past two years, according to the Mortgage Bankers Association's 2019 Commercial/Multifamily Real Estate Finance Forecast.
Dealmaker: Meridian Capital Group Arranges $94M for Condos, Mixed-Use
Meridian Capital Group, New York arranged $94 million for condominium and mixed-use properties in New York and New Jersey.
MBA National Secondary Market Conference & Expo May 19-22
The Mortgage Bankers Association's National Secondary Market Conference & Expo returns to the New York Marriott Marquis May 19-22.
MBA School of Mortgage Banking II in D.C. Mar. 5-8
MBA Education presents its popular School of Mortgage Banking Course II Mar. 5-8 at MBA headquarters in Washington, D.C.