Mortgage applications fell again last week from one week earlier, although refinance applications ticked up slightly as key interest rates held steady, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending July 26.
Fed Readies First Interest-Rate Cut Since 2008
Wall Street Journal, July 31, 2019--Nick Timiraos (subscription)
OneWest Bank to Cough Up Cash Over Racial Bias Allegations During Mnuchin's Reign
HousingWire, July 30, 2019--Jessica Guerin
OCC's Innovation Pilot Gets Little Love from Banks
American Banker, July 30, 2019--Kate Berry (subscription)
States Where Residents Have the Highest Levels of Mortgage Loan Debt
Fox Business, July 30, 2019--Brittany De Lea
America's Housing Affordability Crisis Spreads to the Heartland
Bloomberg, July 30, 2019--Prashant Gopal, Reade Pickert, Noah Buhayar
Goldman Tries to Exorcise Ghost of Real Estate Past With New Fund
Wall Street Journal, July 30, 2019--Peter Grant (subscription)
Annual Home Price Growth Slows to 3.4%
Home price appreciation continued to slow in May, according to the Standard & Poor's CoreLogic Case-Shiller Home Price Indices.
Pending Home Sales Rise for 2nd Straight Month
Pending home sales rose for the second straight month in June, the National Association of Realtors reported yesterday.
July Consumer Confidence Hits 2019 High
The Conference Board, New York said its Consumer Confidence Index rebounded in July to its highest level this year.
Ten-X: Capital Markets, Labor Market Healthy
Despite concerns about cooling global economic growth and potential trade wars, capital markets and the labor market remain in good shape, said Ten-X Irvine, Calif.
Dealmaker: JLL Closes $485M Sale of Five D.C.-Area Retail Assets
JLL, Chicago, closed a $485 million sale of a portfolio of five grocery-anchored retail properties totaling 798,000 square feet in northern Virginia and Maryland.
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.
MISMO Publishes Business Reference Model Published for 60-Day Member Comment Period
MISMO announced release of its Business Reference Model for a 60-day member comment period through Sept. 29.
Upcoming MBA Education School of Mortgage Banking I Courses
MBA Education presents its popular School of Mortgage Banking Course I this summer and fall.