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Volume 18 | Issue 23 | Monday, February 04, 2019

The Lede


MBA Advocacy Update

In an attempt to keep the government open, a group of 17 lawmakers met on Wednesday to hash out a legislative solution on issues relating to homeland security. This bipartisan conference committee has until February 15 to find such a proposal that could clear both chambers of Congress and get President Trump's signature.


Top National News

Mortgage Market Dynamics: Competition and Evolution

Journal for Structured Finance, Feb. 2019--Michael Fratantoni
MBA Chief Economist says lenders that can manage through today's challenges while continuing to attract customers will be best-position to compete in the years ahead.

Housing Finance Reforms Welcomed by Real Estate Industry

Mortgage Professional America, Feb. 4, 2019--Steve Randall
Proposals to overhaul the US housing finance system set out by Senator Mike Crapo Friday have been welcomed by several industry stakeholders.Among those who have welcomed the proposals is the Mortgage Bankers Association's Robert D. Broeksmit, CMB, President and CEO.

Republicans Want Mortgage Giants Fannie Mae and Freddie Mac to be Private Companies Again

Washington Post, Feb. 1, 2019--Renae Merle
A decade after Fannie Mae and Freddie Mac were placed under government control, a key Senate Republican on Friday proposed allowing them to return to being private companies.

CFPB Offers New FAQ for TRID Compliance

Naional Mortgage News, Feb. 1, 2019--Brad Finkelstein (subscription)
The Consumer Financial Protection Bureau has published a new "frequently asked questions" tool to help mortgage lenders with TILA-RESPA integrated disclosures compliance.

Nonbank Mortgage Employment Hasn't Been This Low Since 2016

National Mortgage News, Feb. 1, 2019-Bonnie Sinnock (subscription)
Nonbank mortgage companies cut payrolls by 3,100 full-time employees in December, bringing the level of hiring in the industry to its lowest point in more than two years.

The 6 Most Expensive Rental Markets are All in California

HousingWire, Feb. 1, 2019--Kelsey Ramirez
While most of the top 10 cities remained flat, Santa Ana rejoined the ranks, giving California six of the top 10 cities, according to a monthly rental report from Zumper. It replaced Miami as the 10th most expensive city.

Construction Spending Up Slightly

National Mortgage Professional, Feb. 1, 2019--Phil Hall
Construction spending during November was estimated at a seasonally adjusted annual rate of $1.29 trillion, according to new data from the U.S. Census Bureau.

Residential Finance News

MBA Chart of the Week: Measures of New Home Sales

This week's chart compares two different estimates of new home sales.

January Employment Surges Again

Payroll employment surged for the second straight month, as private employers added 304,000 jobs in January, the Bureau of Labor Statistics reported Friday.

The Week Ahead

The Mortgage Bankers Association's Commercial Real Estate Finance/Multifamily Housing Convention & Expo is less than a week away, taking place Feb. 10-13 in San Diego. CREF is the largest gathering of commercial/multifamily professionals in the country.

Commercial/Multifamily News

'Healthy Runway' for Flexible Office Space

All signs indicate the office market can handle significantly more flexible space than it currently has, said JLL, Chicago.

Commercial/Multifamily Briefs

Non-bank direct lender Civic Financial Services, Redondo Beach, Calif., launched CIVIC Multifamily.

Dealmaker: Hunt Real Estate Capital Provides $31M in Multifamily Financing

Hunt Real Estate Capital, New York, provided $31.3 million in Fannie Mae funds to finance multifamily properties in Texas, Maryland and Arkansas.

MBA News

MBA Education School of Mortgage Banking III in D.C. June 11-14

MBA Education presents its School of Mortgage Banking Course III June 11-14 at MBA headquarters in Washington, D.C.MBA Education presents its School of Mortgage Banking Course III June 11-14 at MBA headquarters in Washington, D.C.

CREF19 in San Diego Feb. 10-13

The Mortgage Bankers Association's Commercial Real Estate Finance/Multifamily Housing Convention & Expo 2019 returns to San Diego Feb. 10-13.

MBA Disaster Recovery Guide Now Available in Spanish

The Mortgage Bankers Association and the National Association of Hispanic Real Estate Professionals have developed a Spanish-language version of Disaster Recovery: A Resource for Homeowners, a consumer-facing informational guide.

About MBA Newslink

President and CEO: Robert Broeksmit, CMB

Publisher: Marcia Davies, Chief Operating Officer

Vice President of Public Affairs: John Mechem

Editor: Mike Sorohan 202/557-2855 

Editorial Director: Michael Tucker 202/557-2851 

Senior Editorial/Advertising Specialist: Lesley Hall 202/557-2856

Advertising Opportunities: Bill Farmakis 203/834-8832

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