Mortgage applications fell for a third straight week despite falling interest rates, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending July 19.
Median Home Price Reaches New High
Marketplace, July 23, 2019--Mitchell Hartman
NY AG Sues Ditech Over Bankruptcy Filing
National Mortgage Professional, July 23, 2019--Phil Hall
J.D. Power: Quicken Loans and State Farm Could Both Reap Serious Rewards From Unique Mortgage Partnership
HousingWire, July 23, 2019--Ben Lane
Struggling Real Estate Giant Realogy Strikes Deal With Amazon
Wall Street Journal, July 23, 2019--Katherine Clarke, Laura Kusisto (subscription)
MGIC Earnings Beat Foreshadows Positive Results for Other MIs
National Mortgage News, July 23, 2019--Brad Finkelstein (subscription)
A Decade of Low Interest Rates Is Changing Everything
Bloomberg, July 23, 2019--Liz McCormick
June Existing Home Sales Down 1.7%
Existing home sales weakened in June, the National Association of Realtors reported yesterday.
Ellie Mae, Pleasanton, Calif., announced the Encompass Digital Lending Platform will include support for the new government-sponsored enterprise Uniform Residential Loan Application aimed at enabling lenders to start testing and planning their transition to the new redesigned application before the mandatory use deadline of February 1, 2020.
Retail Sector Fending Off Worst Fears
Despite fears of an impending retail apocalypse, the sector has been able to ward off the worst of the predictions so far, reported Reis, New York.
Dealmaker: Berkadia Arranges $44M in Apartment Construction Financing
Berkadia announced $44 million in construction financing for Point of View Apartments, a proposed Draper, Utah, multifamily development.
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 Education School of Mortgage Banking I Courses
MBA Education presents its popular School of Mortgage Banking Course I this summer and fall.
Make Your Voice Heard through MBA Mortgage Action Alliance
The Mortgage Action Alliance is a voluntary, non-partisan and free nationwide grassroots lobbying network of real estate finance industry professionals, affiliated with the Mortgage Bankers Association.