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Volume 18 | Issue 6 | Wednesday, January 09, 2019

The Lede


Mortgage Applications Rebound in MBA Weekly Survey

Mortgage applications rebounded from a subdued holiday week, jumping by nearly 25 percent as mortgage interest rates fell to nine-month lows, the Mortgage Bankers Association reported this morning in its Weekly Applications Survey for the week ending Jan. 4.


Top National News

12 Mortgage Power Players to Watch in 2019

National Mortgage News, Jan. 8, 2019--Paul Centopani, Austin Kilgore (free article)
Bob Broeksmit took over as president and CEO of the Mortgage Bankers Association in August. Can he keep the positive momentum going amid significant industry shifts? How will the trade group pivot its lobbying with a divided Congress?

MBA: Commercial Lenders Expect a Strong Year

Scotsman Guide, Jan. 8, 2019--Victor Whitman
Commercial lenders remained bullish about the year ahead, a new survey conducted by the Mortgage Bankers Association said.

FHA Asks Mortgage Industry to Help Unpaid Federal Workers with their Mortgages

HousingWire, Jan. 8, 2019--Ben Lane
The Federal Housing Administration announced late Tuesday that it is calling on all approved mortgagees and lenders to be "sensitive to the financial hardships experienced by borrowers as a result of the shutdown," including borrowers who are subject to furlough, layoff, or a reduction in income due to the shutdown.

Unpaid Federal Workers Owe More than $400 Million in Mortgage and Rent Payments This Month

MarketWatch, Jan. 8, 2019--Jacob Passy
Altogether, unpaid federal workers - including roughly 380,000 furloughed employees and 420,000 people working without pay - owe around $438 million in mortgage and rent payments in January, according to a report published Tuesday by real-estate firm Zillow.

Private Equity Firm Acquires ATTOM Data Solutions

National Mortgage Professional, Jan. 8, 2019--Phil Hall
The Irvine, Calif.-based ATTOM, originally known as RealtyTrac, was founded in 1996 and acquired by Renovo Capital through its Renwood Opportunities Fund in November 2011. ATTOM's data reports cover more than 155 million U.S. residential and commercial properties, focusing on real estate, mortgage, insurance, marketing and adjacent industries.

First- and Second-Home Buyers Can Expect Discounts in 2019

Bloomberg, Jan. 9, 2019--James Tarmy
The luxury real estate market in 018 wasn't great for home buyers or sellers. In 2019, every market indicator points to things getting worse.

High Level of New Construction Will Continue to Strain Apartment Demand in 2019

National Real Estate Investor, Jan. 8, 2019--Bendix Anderson
Developers will keep adding pressure on the apartment sector in 2019, with plans to open hundreds of thousands of new luxury units in 2019.

Residential Finance News

Fannie Mae, Freddie Mac Change Compensatory Fee Structure

In an important win for Mortgage Bankers Association members, Fannie Mae and Freddie Mac last month announced changes to their compensatory fee structures that better take into account a mortgage servicers' operations and no longer impose fees at the outset of the process.

CoreLogic: Delinquency Rates at 18 Year-Low

CoreLogic, Irvine, Calif., said mortgage delinquencies fell to their lowest rates since 2000, with foreclosure inventories at their lowest rate since 2005.

Black Knight: 550,000 Homeowners Regain Incentive to Refinance as Interest Rates Fall

Black Knight, Jacksonville, Fla., said with recent drops in mortgage interest rates, the number of homeowners with mortgages who could likely qualify for and see at least a 0.75 percent interest rate reduction by refinancing increased by nearly 550,000.

Commercial/Multifamily News

Office Sector Vacancy Steady; Rents, Absorption Strong

Though the office sector vacancy rate did not move in the fourth quarter, office rents grew and net absorption was strong, reported Reis, New York.

Dealmaker: HFF Arranges $315M for Industrial Assets

Holliday Fenoglio Fowler, Houston, arranged $135 million in financing for two new Baltimore-area build-to-suit industrial buildings fully leased to Under Armour and

MBA News

Call for Nominations for MBA Insights 2019 Tech All-Star Awards; Deadline Jan. 11

The Mortgage Bankers Association and MBA Insights are accepting nominations for the MBA Insights 2019 Tech All-Star Awards. Nominations will be accepted through Friday, Jan. 11.

MBA Education Advanced Risk Management for Pros June 3-5 in D.C.

MBA Education presents its popular Advanced Risk Management for Mortgage Pros Workshop, in conjunction with the Robert H. Smith School of Business at the University of Maryland, in Washington, D.C. June 3-5.

Find Out Where You Stand through the PGR: MBA and STRATMOR Peer Group Roundtables Program

Since 1998, the Mortgage Bankers Association and STRATMOR Group have jointly conducted the Peer Group Survey and Roundtable Program. Launch date for the next program (data through Dec. 31, 2018) is Jan. 15, 2019.

MBA Mergers & Acquisitions Workshop Jan. 28

The Mortgage Bankers Association presents its annual Mergers & Acquisitions Workshop takes place Monday, Jan. 28 in San Francisco ahead of the MBA Independent Mortgage Bankers Conference.

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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