The House Financial Services Committee yesterday began a markup session on a number of housing finance-related bills. Ahead of the first votes, the Mortgage Bankers Association sent a letter to Committee leadership offering views of several bills of interest to MBA membership.
Fixed Mortgage Rates End up Back Where They Started After an Up-and-Down Week
Washington Post, July 11, 2019--Kathy Orton
30-Year Mortgages Hovering Near 2-1/2 Year Lows
Pasadena Star-News, July 11, 2010--Jeff Lazerson
Financial Watchdog Shifts From Enforcer to Educator
Wall Street Journal, July 12, 2019--Yuka Hayashi (subscription)
Trump Team Grows Wary of Fannie-Freddie Fix Before 2020 Election
Bloomberg, July 12, 2019--Saleha Mohsin, Jennifer Jacobs, Austin Weinstein
New Report Addresses Affordable Housing Concerns
National Mortgage Professional, July 11, 2019--Phil Hall
Mortgage Industry Should Prepare for New Interest-Rate Index, Fed Working Group Says
MarketWatch, July 11, 2019--Andrea Riquier
Powell Says Fed Has Room to Cut, May Have Kept Policy Too Tight
Bloomberg, July 11, 2019--Craig Torres, Reade Pickert
Compass, Zillow Reach Settlement in Poaching Lawsuits
HousingWire, July 11, 2019--Jessica Guerin
Loan Defects on the Increase
ACES Risk Management, Pompano Beach, Fla., released its Mortgage QC Trends Report, showing the overall critical defect rate increased on a quarterly and yearly basis.
Redfin: Bidding Wars Continue to Ease
Redfin, Seattle, said just 12 percent of Redfin offers faced a bidding war in June, down from 52 percent a year earlier.
ClosingCorp, San Diego, said it will provide Natural Disaster Alerts to SmartFees users.
RCLCO: Real Estate Cycle Planning as Important as Ever
The current economic expansion became the longest in U.S. history last week as GDP grew for the 121st consecutive month. That makes this a good time to plan for a downturn, said RCLCO, Washington, D.C.
Dealmaker: Newmark Realty Capital Secures $48M
Newmark Realty Capital, San Francisco, arranged $47.85 million for Arizona and California office, mixed-use and hotel assets.
MBA Human Resources Symposium Sept. 11-12
The Mortgage Bankers Association's annual Human Resources Symposium takes place Sept. 11-12 at the Hyatt Regency in Crystal City, Va.
MBA Diversity and Inclusion Residential Leadership Awards Deadline July 19
The Mortgage Bankers Association is accepting applications and nominations for its annual Diversity and Inclusion Leadership Awards. Application deadline is Friday, July 19.
Save on FedEx Shipping through MBA Member Advantage Program
Through the MBA Member Advantage Program, you can save up to 29 percent on small package shipping with FedEx.