The Mortgage Bankers Association reported the delinquency rate for mortgage loans on one-to-four-unit residential properties fell in the fourth quarter to their lowest level since 2000, while foreclosure rates ticked up slightly.
U.S. Mortgage Delinquencies Hit 18-Year Low in Q4 2018--MBA
Reuters, Feb. 15, 2019
Low Mortgage Rates Brighten Homebuilder ETFs' Outlook
Nasdaq, Feb. 15, 2019--Sweta Killa
Amazon's Pivot Raises Scrutiny of Incentive Deals
Wall Street Journal, Feb. 15, 2019--Valerie Bauerlein, Kate King, Cameron McWhirter (subscription)
Mel Watt Attempted to 'Coerce' Relationship While FHFA Director, IG Report Says
Washington Post, Feb. 15, 2019--Renae Merle
Echoes of the Subprime Era in Energy Efficiency Lending
Los Angeles Times, Feb. 17, 2019--Andrew Khouri
Why PACE Has Become a 'Second-Look' Product in California
National Mortgage News, Feb. 15, 2019--Allison Bisbey (subscripition)
HomeStreet Bank Moves to Sell Off Entire Mortgage Business
HousingWire, Feb. 15, 2019--Ben Lane
Is the Ellie Mae Buyout a Sign of More to Come?
Mortgage Media, Feb. 15, 2019--S.A. Ibrahim
Arch Reported $121M Net Income
The Mortgage Leader, Feb. 18, 2019
Odd Parcels: VA, Women, Affordability
UExpress, Feb. 15, 2019--Lew Sichelman
MBA Advocacy Update
Congressional leaders finalized a spending bill compromise Thursday that included a revised funding mix for border security--and nine Cabinet departments and dozens of other agencies, including HUD, through September 30. President Trump signed the legislation, which removes the immediate threat of another government shutdown.
MBA Offers Recommendations to VA on Loan ‘Churning'
The Mortgage Bankers Association, in a Feb. 15 letter to the Veterans Administration, offered recommendations intended to strengthen an interim rule aimed at deterring loan "churning" against servicemembers and addressing serious implementation issues and operational challenges MBA believes VA needs to address surrounding new borrower disclosures.
MISMO Appoints Six Executives to Board of Directors; Appoints Kurt Pfotenhauer Board Chair
The Mortgage Bankers Association, parent corporation of MISMO, the mortgage industry standards organization, appointed seven new members and a new chairperson to the MISMO Board of Directors.
The Week Ahead
The Mortgage Bankers Association's National Mortgage Servicing Conference & Expo 2019 (Servicing19) is less than a week away, taking place in Orlando Feb. 25-28.
MBA Chart of the Week: Current Unpaid Principal Balance of Non-Bank Commercial/Multifamily Loans
A decade ago, MBA began collecting information on volume of commercial and multifamily mortgages, held by non-bank lenders, maturing over the coming years. This week's chart, using data from our CREF Database, combines the results of multiple years' surveys and provides a timeline of the changing nature of the market.
Single-Family Rental: Opportunities in 'Horizontal Multifamily'
SAN DIEGO--By some measures more Americans live in single-family rental properties than in multifamily apartment properties and the sector is poised for further growth, analysts said here at the recent MBA CREF/Multifamily Housing Convention & Expo.
Dealmaker: JLL Secures $280M To Refinance Empire Stores in Brooklyn
JLL, Chicago, secured $280 million for Midtown Equities and HK Organization to refinance Empire Stores, a newly redeveloped retail and office building in Brooklyn, N.Y.
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 Education Advanced Servicing Workshop in Orlando Feb. 25
MBA Education presents its Advanced Servicing One-Day Workshop on Monday, Feb. 25 at the MBA National Mortgage Servicing Conference & Expo in Orlando, Fla.
MBA Compliance Essentials UDAAP & FTC MAP Rule Resource Guide Available
The MBA Compliance Essentials program offers a new Resource Guide: Unfair, Deceptive, or Abusive Acts and Practices (UDAAP) & FTC Mortgage Acts and Practices Advertising (MAP) Rule.