Mortgage credit availability fell to its lowest level in nearly two years in December as lending standards tightened, the Mortgage Bankers Association reported this morning.
Plunge in Rates Sparks 23.5% Spike in Mortgage Applications after Unusually Weak Holidays
CNBC, Jan. 9, 2019--Diana Olick
Partial Government Shutdown is Hurting Some Borrowers Seeking a Mortgage
Washington Post, Jan. 9, 2019--Kenneth R. Harney
Prospective Homebuyers Derailed by the Government Shutdown
CNBC, Jan. 9, 2019--Annie Nova
The Right Way to Tap Your Home Equity for Cash
Consumer Reports, Jan. 9, 2019--Daniel Bartz
Fed Policymakers Say Can Wait on Further U.S. Rate Hikes
Reuters, Jan. 9, 2019--Jonathan Spicer, Howard Schneider
Median Household Income Not Cutting It for First-Time Home Buyers
National Mortgage News, Jan. 9, 2019--Elina Tarkazikis (subscription)
Movement Mortgage Buying Big Piece of Lennar Home Mortgage
HousingWire, Jan. 9, 2019--Ben Lane
Fintechs May Finally Win Charter Chase in 2019
American Banker, Jan. 9, 2019--Rachel Witkowski (subscription)
Chrysler Building, a Famed Slice of Manhattan Skyline, Is on the Block
Wall Street Journal, Jan. 9, 2019--Keiko Morris (subscription)
Bright Withdraws Ginnie Mae Nomination
Michael Bright, whose nomination as President of Ginnie Mae has been in congressional limbo for months, requested yesterday that his nomination be withdrawn.
As Shutdown Pressures Intensify, FHA Calls on Lenders to Assist Federal Workers
Three weeks into the partial government shutdown, pressures are mounting.
Midweek Housing Update
Here is a summary of housing and real estate finance-related reports out in the past week.
Commercial Prices Up 7% in November
U.S. commercial property prices rose 7.0 percent in November from a year earlier, continuing "steady" growth, said Real Capital Analytics, New York.
Hudson Pacific Properties and Macerich announced Google Inc. pre-leased the joint venture's One Westside redevelopment, a planned 584,000-square-foot Class A creative office campus formerly part of the Westside Pavilion shopping mall in Los Angeles.
Dealmaker: 850 Third Avenue Trades for $422M
Midtown Manhattan office property 850 Third Avenue sold for $422 million--down $41 million from its last sale in 2016.
MBA Education Ten Things Your Mortgage Company Must Do in 2019 Webinar Jan. 17
MBA Education presents a webinar, Ten Things Your Mortgage Company Must Do in 2019, on Wednesday, Jan. 17 from 2:00-3:30 p.m. ET.
Call for Nominations for MBA Insights 2019 Tech All-Star Awards; Deadline Tomorrow
The Mortgage Bankers Association and MBA Insights are accepting nominations for the MBA Insights 2019 Tech All-Star Awards. Nominations will be accepted through this Friday, Jan. 11.
Register for MBA Servicing Operations Study and Forum for Prime and Specialty Servicers; Deadline Jan. 15
The Mortgage Bankers Association has begun enrollment for its 2019 Servicing Operations Study and Forum (covering 2018 data). Sign-up deadline is Jan. 15, 2019.
MBA Education School of Mortgage Banking I in D.C. Feb. 12-15
MBA Education presents its popular School of Mortgage Banking Course I Feb. 12-15 at MBA headquarters in Washington, D.C.