Ginnie Mae released its "Ginnie Mae 2020" progress report and held a two-day summit with issuers, investors and other stakeholders.
New Home Mortgage Applications in U.S. Spike 20.1 Percent Annually in May
World Property Journal, June 14, 2019
Despite Rising Home Prices, Experts Pop Bubble Fears
Bankrate.com, Jun 17, 2019--Natalie Campisi
New Piggy-Back Loans Can Lower Your Payments When Buying a Home
Orange County Register, June 14, 2019--Jeff Lazerson
Quicken Loans Vice Chairman Bill Emerson: Government Used 'Extortionist Tactics' to Pursue 'Bogus' Claims
HousingWire, June 14, 2019--Jessica Guerin
Three Ways to Draw Private Capital Back into Mortgages
National Mortgage News, June 14, 2019--Edward DeMarco (subscription)
How an Obama Fed Appointee is Scuttling Wall Street's Bid to Ease Rules
Reuters, June 14, 2019--Pete Schroeder
Bankers Rattled as Nonbanks' CRE Lending Spikes
American Banker, June 14, 2019--John Reosti (subscription)
Can You Afford to Sell?
UExpress, June 14, 2019--Lew Sichelman
MBA Chart of the Week: IMB Revenue/Expense
Production profitability for independent mortgage banks increased to 7.5 basis points--$285 per loan--in the first quarter, from a reported loss of 11 bps ($200 per loan) in the fourth quarter, according to the MBA Quarterly Mortgage Bankers Performance Report released last week.
Quicken, HUD Settle Lawsuit
A federal mediator on Friday said HUD and Quicken Loans Inc., Detroit, settled an acrimonious lawsuit accusing Quicken of violating the False Claims Act.
The Week Ahead
Washington shifts its attention this week to the Federal Open Market Committee, which meets Tuesday and Wednesday to determine the future direction of economic policy.
Jury Still Out On Opportunity Zones
The Treasury Department recently released Opportunity Zone guidance to make it easier for fund managers to raise capital and developers to begin construction, but it is too soon to see how well they work, analysts said.
Dealmaker: Arbor Funds $21M in Bridge, Acquisition Loans
Arbor Realty Trust, Uniondale, N.Y., funded $20.6 million in bridge and acquisition loans for multifamily properties in Brooklyn, N.Y. and Forest Park, Ga.
MBA Condominium Lending Workshop in D.C. July 18
The Mortgage Bankers Association's annual Condominium Workshop takes place Thursday, July 18 at the Marriott Marquis in Washington, D.C.
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.
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.