The House approved two bills yesterday, strongly supported by the Mortgage Bankers Association, which clarify when Department of Veterans Affairs home loans qualify to be pooled into Ginnie Mae securities, and offered recommendations to legislation that would increase access to housing counseling for consumers.
Fed Chairman Jerome Powell's Approach to Interest-Rate Policy Wins Bipartisan Backing
Wall Street Journal, July 9, 2019--Nick Timiraos (subscription)
What to Expect When You're Expecting a Report on GSE Reform
American Banker, July 9, 2019--Hannah Lang (subscription)
VA Loan Churning is Driving Up Mortgage Costs for All Government Borrowers
HousingWire, July 9, 2019--Jessica Guerin
Government Bond-Market Measure Says Recession Risk Growing
Wall Street Journal, July 9, 2019--Daniel Kruger (subscription)
Federal Banking Regulators Finalize Changes to Capital Rules
American Banker, July 9, 2019--Jon Prior (subscription)
Potential Homeowners Willing to Work Second Job in Pursuit of Property
National Mortgage Professional, July 9, 2019--Phil Hall
Some High DTI Loans Could be Qualified Mortgages After Patch Ends: CRL
National Mortgage News, July 9, 2019--Brad Finkelstein (subscription)
Housing Supply and Buyer Demand is Pushing Buyers Out of the Market
HousingWire, July 9, 2019--Alcynna Lloyd
Declining U.S. Job Openings Point to Cooling Labor Market
Reuters, July 9, 2019--Lucia Mutikani
June Mortgage Credit Availability Up
Mortgage credit availability increased in June, according to the Mortgage Bankers Association's Mortgage Credit Availability Index.
Mortgage Applications Down in MBA Weekly Survey
Mortgage applications decreased during a holiday-shortened week, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending July 5.
Auction.com Survey: Western Markets At Most Risk for Increased Foreclosure Inventory
Auction.com, Irvine, Calif., said although most respondents to a recent survey expect only "slight" changes in foreclosures and bank-owned inflow in the second half of 2019, nearly half cited the Western U.S. as the highest risk of increase in distressed inventory.
Office Sector 'Sluggish' Despite Economic Growth
Last week the U.S. economy entered its longest expansion in history. Yet the office market remains "sluggish," noted Reis Chief Economist Victor Calanog.
Dealmaker: Regency Centers Acquires The Pruneyard Shopping Center
Regency Centers Corp. acquired 258,000 square feet of Silicon Valley retail space within The Pruneyard mixed-use project for $212.5 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.
Upcoming MBA School of Mortgage Banking II Courses
MBA Education presents its popular School of Mortgage Banking Course II in several locations this summer and fall.
mPact: MBA's Network for Young Professionals
mPact is MBA's network for young professionals in the real estate finance industry. Join a community of your peers, share your experiences with others online, network with industry insiders, hone your skills or have a voice in the future of real estate finance.