The Mortgage Bankers Association Builder Application Survey data for June show mortgage applications for new home purchases fell by 14 percent from May, but rose by nearly 18 percent from a year ago.
Weekly Mortgage Applications Fall 2.4% as Consumers Shrug Off Low Rates
CNBC, July 10, 2019--Diana Olick
Legislation Clarifies Securitization Timeline for VA Loans
Scotsman Guide, July 10, 2019--Arnie Aurellano
New Bill Slashes FHA Mortgage Insurance for First-Time Homebuyers
HousingWire, July 10, 2019--Jessia Guerin
Mortgage Credit Availability Increased Again Last Month
Mortgage Professional America, July 10, 2019--Steve Randall
Jerome Powell Says Outlook Hasn't Improved in Recent Weeks, Setting Stage for Rate Cut
Wall Street Journal, July 10, 2019--Nick Timiraos, Paul Kiernan (subscription)
Many Indebted Borrowers Consider Mortgages Out of Reach: Wells Fargo
National Mortgage News, July 10, 2019--Bonnie Sinnock (subscription)
Fed Minutes Show Many Saw a Stronger Rate-Cut Case
Bloomberg, July 10, 2019--Christopher Condon
Most Renovating Homeowners Not Tapping HELOCs
National Mortgage Professional, July 10, 2019--Phil Hall
HomeLight Acquires Digital Mortgage Startup Eave, Expands into Mortgage Lending
HousingWire, July 10, 2019--Ben Lane
Don't Look Now, But Home Equity Delinquencies are Rising
American Banker, July 10, 2019--Andy Peters (subscription)
MBA Promotes Lisa Haynes to Senior Vice President, CFO and Chief Diversity/Inclusion Officer
The Mortgage Bankers Association announced promotion of Lisa J. Haynes to Senior Vice President, Chief Financial Officer and Chief Diversity and Inclusion Officer.
Quicken: Owner Perceptions of Home Values Improve for 2nd Straight Month
Quicken Loans, Detroit, said the average home appraisal in June was 0.71% lower than owners' estimates, according to its National Home Price Perceptions Index.
Mortgage Payments Within Reach for High School Grads in Most Cities; Down Payments, Not So Much
The good news is, households including at least one person with a high school diploma or GED can afford the typical mortgage payment in most large metro areas across the U.S., said Zillow Inc., Seattle. But soaring home values that have outpaced incomes have made down payments a barrier for many, particularly first-time home buyers.
Fannie Mae: Housing Confidence Dips Slightly
Fannie Mae, Washington, D.C., reported its Home Purchase Sentiment Index fell by 0.5 points in June to 91.5 after nearing its survey high last month.
The clock is ticking if you wish to maximize the Opportunity Zone program's advantages, said Cushman & Wakefield.
Dealmaker: Douglas Emmett, QIA Acquire The Glendon for $365M
Douglas Emmett Inc. and the Qatar Investment Authority paid $365 million for The Glendon, a large mixed-use development in Los Angeles' Westwood Village neighborhood.
MBA Annual19 Comes to Austin, Texas Oct. 27-30
The Mortgage Bankers Association's Annual Convention & Expo takes place Oct. 27-30 at the Austin Convention Center in Austin, Texas.
Apply Now for MBA Path to Diversity Scholarship Program
The Path to Diversity Scholarship Program recognizes existing industry professionals who are seeking to advance their careers through continuing education. Recipients receive a voucher to cover course registration fees, up to a maximum of $2,000, for popular MBA Education courses and designation programs.
MBA Education, California MBA Present Fundamentals of Residential Lending & the Secondary Market in San Francisco July 15
MBA Education and the California Mortgage Bankers Association present a special one-day workshop, Fundamentals of Residential Lending and the Secondary Market, on Monday, July 15 at the Westin St. Francis Hotel in San Francisco in conjunction with the California MBA Western Secondary Market Conference.