The Mortgage Bankers Association nominated Kristy Fercho, Executive Vice President and President of Mortgage with Flagstar Bank, Troy, Mich., to serve as MBA Vice Chairman for the 2020 membership year.
Fed Interest Rate Cuts to Usher in New Era for Home Buyers
The Mortgage Reports, July 16, 2019--Erik J. Martin
Lawmakers Unveil Competing Flood Insurance Bill
National Mortgage News, July 16, 2019--Hannah Lang (subscription)
FDIC Plan Would Ease Requirement for Banks Selling Mortgage Securities
Wall Street Journal, July 16, 2019--Lalita Clozel (subscription)
Former Freddie Mac CEO Says GSEs Should Be Regulated Like Utilities
HousingWire, July 16, 2019--Kathleen Howley
Quicken Celebrates Record-Shattering Q2
National Mortgage Professional, July 16, 2019
Goldman Sachs Reports Lower Profit, Revenue
Wall Street Journal, July 16, 2019--Liz Hoffman (subscription)
KeyCorp Discloses $90M Exposure from Suspected Fraud
American Banker, July 16, 2019--Paul Davis (subscription)
Lack of Affordable Housing is Fueling a Reverse Migration from Big Cities
Washington Post, July 16, 2019--Michele Lerner
Mortgage Applications Down Again in MBA Weekly Survey
Mortgage applications fell again last week as mortgage rates rose, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending July 12.
July Builder Confidence Rises One Point
Builder confidence in the market for newly built single-family homes rose one point to 65 in July, the National Association of Home Builders reported yesterday, marking the sixth consecutive month that sentiment levels have held at a steady range in the low- to mid-60s.
Ellie Mae: Time to Close Refinances Spikes for Millennials
Ellie Mae, Pleasanton, Calif., said time to close a refinance for Millennials in May took six days longer than in April, as lower rates resulted in increased refinance activity.
Life Insurers' CRE Mortgage Exposure Grows
Fitch Ratings, New York, said U.S. life insurers' exposure to mortgages increased to nearly 13 percent of invested assets at year-end 2018, up from 12.4 percent a year ago.
Dealmaker: Prologis to Acquire Industrial Property Trust in $3.9B Transaction
Prologis, San Francisco, agreed to purchase Industrial Property Trust from Denver investment manager Black Creek Group for $3.99 billion.
MBA Regulatory Compliance Conference 2019 in Washington Sept. 22-24
The Mortgage Bankers Association's annual Regulatory Compliance Conference takes place Sept. 22-24 at the Grand Hyatt in Washington, D.C. Early registration deadline is Monday, Aug. 12.
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.
MBA Compliance Essentials Offers Certified Mortgage Compliance Professional Designation Level 1
Earn recognition for your mortgage compliance expertise: MBA Education and the MBA Compliance Essentials program offer the only certification and designation program geared exclusively towards compliance professionals in the mortgage finance industry, the Certified Mortgage Compliance Professional (CMCP).