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Volume 18 | Issue 38 | Tuesday, February 26, 2019

The Lede

 

Black Knight: January Prepayment Rate at 18-Year Low

Black Knight, Jacksonville, Fla., released its January First Look Mortgage Monitor, reporting loan prepayments fell to an 18-year low as seasonal home sales reductions outweighed a rise in refinance incentives.

 

Top National News

 
MBA's Look at IMBs Lays Out Set of Recommendations

Mortgage Media, Feb. 22, 2019--David Stevens, CMB
Former MBA President and CEO says the MBA paper goes further in its efforts to dispel many of the myths--"perhaps accusations"--against IMBs, showing how well-regulated they are, and how stable this segment is. More importantly, Stevens says, the paper lays out a set of recommendations for the future that address liquidity, capital and regulatory consistency for the future of the housing market.

Nonbank Mortgage Lenders Seek Changes that Bolster Funding Resources

National Mortgage News, Feb. 25, 2019--Bonnie Sinnock (subscription)
Policymakers could improve independent mortgage banks' financial stability by giving these companies improved access to liquidity, according to the Mortgage Bankers Association.

More Americans are Paying Mortgages on Time

Miami Herald, Feb. 25, 2019--Kenneth R. Harney
So here's the good news: The national delinquency rate on home loans hit the lowest level it's been in 18 years as of the final quarter of 2018, according to data compiled by the Mortgage Bankers Association.

House Banking Panel to Examine Wells Fargo, CFPB in March

National Mortgage News, Feb. 25, 2019--Hannah Lang (subscription)
The House Financial Services Committee will hold eight hearings in March to examine issues ranging from oversight of Wells Fargo to the allocation of disaster recovery funds, Chairwoman Maxine Waters, D-Calif., announced Monday.

Virginia Home Prices Spike Ahead of Amazon's Arrival

National Mortgage Professional, Feb. 25, 2019--Phil Hall
The housing markets around the future home of Amazon's second headquarters in Arlington, Va., have seen a significant increase in median home prices and an equally sharp decline in inventory.

Investor Interest in Data Centers Growing In Step with Tech Demand and Increasing ROI

National Real Estate Investor, Feb. 25, 2019--Patricia Kirk
Though it's a relatively young asset class, investor interest in data centers is growing rapidly due to global demand for faster connectivity and data storage.

Why Bubble-Era Home Mortgages are a Disaster Waiting to Happen

MarketWatch, Feb. 25, 2019--Keith Jurow
Remember all those sub-prime mortgages that blew up in 2007 and popped the housing bubble? The truth is these mortgages are still dangerous and could soon undermine the housing recovery.

Residential Finance News

 
Redfin: Sales of New Homes Down 8% in January

Redfin, Seattle, said its analysis of 85 major markets found sales of new single-family homes fell by 8 percent year over year in January, the fifth consecutive month of year-over-year declines.

Closing Disclosures Continue to Cause Mortgage QC Trouble

A study from MetaSource, Salt Lake City, said closing disclosures and other requirements imposed by the Consumer Financial Protection Bureau's late 2015 enhanced disclosure rules continue to pose quality control challenges.

Commercial/Multifamily News

 
Slowing Growth Leading Investors to Temper Risk

Commercial real estate investor attention is increasingly shifting to liquid and secure markets and asset types, reported JLL, Chicago.

Dealmaker: $183M Industrial Portfolio Changes Hands

The Silverman Group, Basking Ridge, N.J., acquired 27 industrial properties in New Jersey, Connecticut, Massachusetts, Iowa, Indiana and Alabama for $183 million.

MBA News

 
MBA National Advocacy Conference in D.C. Apr. 2-3

The Mortgage Bankers Association's annual National Advocacy Conference takes place Apr. 2-3 at the Capital Hilton in Washington, D.C.

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 Member Advantage Program Adds New Partners

Your MBA membership entitles you to discounts on services such as office supplies, car rental, shipping, employee benefit services and more though our affinity program: MBA Member Advantage.

About MBA Newslink

President and CEO: Robert Broeksmit, CMB

Publisher: Marcia Davies, Chief Operating Officer

Vice President of Public Affairs: John Mechem jmechem@mba.org

Editor: Mike Sorohan 202/557-2855 msorohan@mba.org 

Editorial Director: Michael Tucker 202/557-2851 mtucker@mba.org 

Senior Editorial/Advertising Specialist: Lesley Hall 202/557-2856 lhall@mba.org

Advertising Opportunities: Bill Farmakis 203/834-8832 bill@jlfarmakis.com

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One Voice. One Vision. One Resource. The Mortgage Bankers Association  (MBA) is the national association representing the entire real estate finance industry. For more information visit us at mba.org.