Despite a broad economic expansion following the Great Recession, lack of savings paints a disconcerting picture about financial preparedness in America, said Northwestern Mutual, Milwaukee, with nearly a third of U.S. adults within three paychecks of needing to either borrow money or skip paying one or more bills.
Mortgage Rates Level Off After Six-Week Slide
Washington Post, June 13, 2019--Kathy Orton
U.S. Commercial, Multifamily Mortgage Debt Reaches $3.5 Trillion
World Property Journal, June 13, 2019--Monsef Rachid
Housing Coalition Addresses CFPB's Proposed Regulation Change on Data Collection
Mortgage Media, June 13, 2019
MBA Launches Affordable Housing Initiative
National Mortgage Professional, June 13, 2019--Phil Hall
House Committee Passes Bill to Make FHA Loans Less Expensive
HousingWire, June 13, 2019--Jessica Guerin
DACA Recipients Ineligible for FHA Loans, Housing Official Says
National Mortgage News, June 13, 2019--Hannah Lang (subscription)
WSJ Survey: Most Economists Say Fed's Next Move Is Rate Cut
Wall Street Journal, June 13, 2019--Kate Davidson (subscription)
Fed Publishes Report on what Bankers Want from CRA Reform
American Banker, June 13, 2019--Kate Berry (subscription)
Warren Asks If Kushner Got Special Treatment on Freddie Mac Loan
Bloomberg, June 13, 2019--Caleb Melby
Dark Side of Reverse Mortgage Industry: Predatory Lending Hits Seniors
USA Today, June 13, 2019 (Editorial)
Quicken: Owner Perceptions of Home Values Improve After Six Months of Declines
Quicken Loans, Detroit, said the average home appraisal in May came in 0.79% lower than what the owner estimated, the first improvement following six months of growing gaps between the two data points.
ClosingCorp: 2018 Closing Costs Hold Steady
ClosingCorp, San Diego, said its most recent closing cost data showed in 2018 national average closing costs for a single-family property held steady at $5,779 including taxes, and $3,344 excluding taxes.
Ginnie Mae, Washington, D.C., said issuance of its mortgage-backed securities totaled $39.829 billion in May.
MBA, Trade Groups Voice Opposition to California Rent Cap Bill
Mortgage Bankers Association President and CEO Robert Broeksmit, CMB, joined leaders of nearly a dozen industry trade associations in a letter opposing a controversial California bill that would impose rent caps on property owners.
Institutional Investors Lower Their Expectations
Institutional investors lowered their expectation for commercial real estate returns, the Pension Real Estate Association's Consensus Forecast Survey reported yesterday.
Dealmaker: Toronto's Atrium Changes Hands for C$640M
H&R Real Estate Investment Trust, Toronto, sold 1.1 million-square-foot office and retail complex The Atrium for C$640 million, or just over $480 million U.S.
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 Education Commercial/Multifamily Future Leaders Program
The MBA Education Future Leaders Program is an executive leadership development program that delivers a comprehensive curriculum for selected managers who have shown leadership interests and abilities. Participants enhance their skills through three hands-on sessions geared toward political activism; business analysis and problem-solving; and experiential learning through collaboration, networking and peer group interaction.
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).