With discontinuation of the London Interbank Offered Rate likely ahead, the Mortgage Bankers Association yesterday released a disclosure template for residential mortgage lenders to share with consumers interested in applying for an adjustable-rate mortgage.
Mortgage Rates Sink to their Lowest Levels in 21 Months After Six Weeks of Declines
Washington Post, June 6, 2019--Kathy Orton
Refi Opportunities Revive as 30-Year Mortgage Rate Drops to 3.82%
Orange County Register, June 6, 2019--Jeff Lazerson
IMBs Taste Q1 Profitability
National Mortgage Professional, June 6, 2019--Phil Hall
MBA Creates Libor Discontinuation Notice for Residential Lenders
National Mortgage News, June 6, 2019--Brad Finkelstein (subscription)
U.S. Home Values Reach a Record High of $26.1 Trillion in Q1, Fed Says
HousingWire, June 6, 2019--Kathleen Howley
Lack of Mortgage Savvy May be Stifling Homeownership
Mortgage News Daily, June 6, 2019--Jann Swanson
Fed Begins Debate on Whether to Cut Rate as Soon as June
Wall Street Journal, June 6, 2019--Nick Timiraos (subscription)
Homebridge Expands Mortgage Business By Acquiring Retail Loan Centers from HomeStreet Bank
HousingWire, June 6, 2019--Ben Lane
U.S. Household Wealth Hits a Record in First Quarter
Bloomberg, June 6, 2019--Jeff Kearns
Lower Rates Spur Millennial Mortgage Activity
Ellie Mae, Pleasanton, Calif., said across-the-board declines in mortgage interest rates and more favorable housing market conditions sparked an increase in Millennial mortgage activity in April.
FCC Votes to Allow Voice Service Providers to Block Robocalls
The Federal Communications Commission yesterday approved a Declaratory Ruling affirming voice service providers may, as a default, block unwanted calls known as "robocalls."
Jacob Gaffney, former editor-in-chief of HousingWire, and Alyson Austin, a corporate communications executive formerly with CoreLogic, formed Gaffney Austin, a media and public relations firm serving the real estate, mortgage and fintech industries.
Learning from CMBS Losses
One of the few positive implications of incurring losses on 12,000-plus loans is that one can extract some lessons about commercial real estate lending from the experience, said Brian Olasov, Executive Director with Carlton Fields, New York.
Dealmaker: Walker & Dunlop Secures $35M for Multifamily, Office Assets
Walker & Dunlop, Bethesda, Md., arranged $35.3 million in construction and acquisition financing for assets in Tennessee and North Carolina.
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.
MBA Virtual Vendor Marketplace June 12
The Mortgage Bankers Association's inaugural Virtual Vendor Marketplace takes place Wednesday, June 12 from 2:00-3:30 p.m. ET.
Upcoming MBA Education School of Mortgage Banking III Courses
MBA Education presents its School of Mortgage Banking Course III June 11-14 at MBA headquarters in Washington, D.C.