Last week, the House passed MBA-supported legislation clarifying seasoning requirements for refinanced mortgage loans to veterans. The House Committee on Financial Services began its planned two-day markup of roughly 20 proposals pertaining to residential appraisals, credit reporting, and corporate board diversity disclosures. And Federal Reserve Chairman Jerome Powell hinted in congressional testimony that an interest rate cut may come later this month.
New Home Buyers Shied Away in June Despite Friendly Rates
Mortgage News Daily, July 12, 2019--Jann Swanson
Financial Services Committee Passes Bills to Reform Credit Reporting
National Mortgage News, July 12, 2019--Hannah Lang (subscription)
Insurance Companies Expand Multifamily Financing Options
Colorado Real Estate Journal, July 13, 2019--Cooper Williams
FHA Postpones Digital Signature Requirement for Appraisals
National Mortgage News, July 12, 2019--Bonnie Sinnock (subscription)
Banks Nearly Have REO Monday Off Their Backs a Decade After Crisis
Naitonal Mortgage News, July 14, 2019--Jon Prior (subscription)
Digital Mortgages Could Lead to Higher Paying Positions
HousingWire, July 12, 2019--Kelsey Ramirez
HUD Policy Adds to Housing Woes
UExpress, July 12, 2019--Lew Sichelman
Second-Quarter Earnings to Test Soaring Market
Wall Street Journal, July 14, 2019--Michael Wursthorn, Corrie Driebusch (subscription)
Mid-Year Review: What's Happening in Housing, And More Important, What's Not
BankRate.com, July 12, 2019--Natalie Campisi
MBA Chart of the Week: Treasury Yield Spreads
Our chart this week is an update of two closely tracked Treasury spreads, both of which have dropped in recent months.
Fitch Ratings: New U.S. RMBS Products Faring Well So Far; Earthquakes No Problem
Two reports from Fitch Ratings, New York, offer positive news on the status of U.S. residential mortgage-backed securities.
The Week Ahead
With less than two weeks until the August recess, Congress and the Trump Administration are under pressure to get a number of funding bills passed.
Hotel Sector Forecast Downgraded
The hotel sector reported positive results in all three key performance metrics during May, but several analysts downgraded their 12-month forecasts.
Dealmaker: Transwestern Commercial Services Brokers $49M in Sales
Transwestern Commercial Services, Houston, brokered industrial and multifamily sales totaling $49 million in Virginia and California.
MBA Condominium Lending Workshop in D.C. July 18
The Mortgage Bankers Association's annual Condominium Workshop takes place Thursday, July 18 at the Marriott Marquis in Washington, D.C.
MBA Expands Path to Diversity Scholarship Program Eligibility to Select Conferences
The Mortgage Bankers Association announced that scholarships awarded under its popular Path to Diversity (P2D) Scholarship Program can now also be used towards six upcoming MBA conferences where attendees can obtain Continuing Professional Education (CPE), Continuing Legal Education (CLE) or Society of Human Resource Management (SHRM) credits. The scholarships were previously only available for courses offered by MBA Education.
Upcoming MBA Education School of Mortgage Banking III Courses
MBA Education presents its School of Mortgage Banking Course III Aug. 13-16 at MBA headquarters in Washington, D.C.