Mortgage applications didn't show much movement last week, and neither did mortgage interest rates, the Mortgage Bankers Association reported this morning in its Weekly Applications Survey for the week ending June 28.
Trump Says He Intends to Nominate Christopher Waller, Judy Shelton for Fed Board
The Hill, July 2, 2019--Brett Samuels
No Relief Yet for Lenders Where False Claims Enforcement is Concerned
National Mortgage News, July 2, 2019--Brad Finkelstein (subscription)
Mortgage Bonds at Heart of Crisis Dwindle in Supply as New Breeds Take Root
MarketWatch, July 2, 2019--Joy Wiltermuth
Propriety Reverse Mortgage Products Could Eclipse FHA's HECM Program in 2019
Forbes, July 2, 2019--Jamie Hopkins
Commercial Property Joins Tech Revolution as Spending Soars
Wall Street Journal, July 2, 2019--Peter Grant, Konrad Putzier (subscription)
Former HUD Employee Admits to Accepting Super Bowl Tickets, Other Bribes from Government Contractor
HousingWire, July 2, 2019--Ben Lane
Rich Get Richer, Everyone Else Not So Much in Record U.S. Expansion
Reuters, July 2, 2019--Trevor Hunnicutt
MBA Offices Closed July 4, July 5
Offices of the Mortgage Bankers Association will be closed this Thursday, July 4 and Friday, July 5 for the Independence Day holiday.
Redfin: June Supply of Homes Down 1st Time in 10 Months
Homes for sale nationally fell by 0.3 percent annually in June, the first annual decline since last September, reported Redfin, Seattle.
Fitch Ratings: Post-Crisis Enhancements Paying Dividends for GSEs
Fitch Ratings, New York, said numerous operational improvements made in recent years have led to lower operational risk for both Fannie Mae and Freddie Mac.
Single-Tenant Net Lease Cap Rates Drop Across Sectors
Single-tenant net lease cap rates fell across the board in the second quarter, reported The Boulder Group, Northbrook, Ill.
Dealmaker: Passco Cos. Acquires Fla. Apartments for $63M
Passco Cos., Irvine, Calif., acquired 300-unit apartment community Legacy on the Bay in Destin, Fla. for $63.45 million.
MBA Human Resources Symposium Sept. 11-12
The Mortgage Bankers Association's annual Human Resources Symposium takes place Sept. 11-12 at the Hyatt Regency in Crystal City, Va.
Apply Now for MBA Path to Diversity Scholarship Program
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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.