Growth in residential remodeling, which until recently had experienced steady if unspectacular growth, is showing signs of a longer-term slowdown, according to several reports.
First-Time Homebuyers Could Snag Lower Costs for FHA Loans Under House-Passed Bill
CNBC, July 18, 2019--Sarah O'Brien
Mortgage Rates Rise on Expectation of Fed's Possible Cut in Short-Term Interest Rates
Washington Post, July 18, 2019--Michele Lerner
FHFA's Calabria: No Trump GSE Plan Until August or September
National Mortgage News, July 18, 2019--Hannah Lang (subscription)
Here's Why FHA's Recent Moves to Cut Insurance Premiums Won't Boost Its Market Share
HousingWire, July 18, 2019--Jessica Guerin
Fed Officials Shake Markets With Rate Cut Comments
Bloomberg, July 18, 2019--Christopher Condon, Rich Miller
Mortgage Lenders vs. Growing Technology
MReport, July 18, 2019--Mike Albanese
Sluggish Loan Growth Hurst Profits at Capital One
American Banker, July 18, 2019--Kevin Wack (subscription)
California Is Divided Over Development Amid Severe Housing Shortage
NPR, July 18, 2019--Darius Rafieyan
CFPB: 1 in 4 Consumers Have at Least One Debt in Collection
The Consumer Financial Protection Bureau released a report yesterday saying more than one in four consumers with a credit report have at least one debt in collection by third-party debt collectors.
State Farm, Bloomington, Ind., and Rocket Mortgage by Quicken Loans, Detroit, announced an alliance that will allow State Farm agents to help more clients in more ways by originating Rocket Mortgage products for their customers.
Tech Job Growth Moving to Smaller Markets
Tightening availability of tech talent in leading markets is spurring hiring momentum in smaller markets as tech employers seek additional labor pools, said CBRE, Los Angeles.
Dealmaker: IMG Pays $35M for Atlanta-Area Multifamily Asset
Investors Management Group, Woodland Hills, Calif., closed on a 264-unit apartment community in Duluth, Ga. for $35.1 million.
MBA Risk Management, QA and Fraud Prevention Forum in Chicago Sept. 15-17
The Mortgage Bankers Association's Risk Management, QA and Fraud Prevention Forum takes place Sept. 15-17 at the Sheraton Grand Chicago.
MBA Education/Compliance Essentials Managing the Risks of CFPB and State Examinations Sept. 15
MBA Education and Compliance Essentials present a workshop, Managing the Risks of CFPB and State Examinations, on Sunday, Sept. 15 at the Sheraton Grand Chicago, in conjunction with the MBA Risk Management, QA and Fraud Prevention Summit.
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.