Congress was out last week in observance of the Memorial Day recess and will return to Washington today. On Thursday, Congress passed an extension of the National Flood Insurance Program for two weeks. Also, FHA extended the comment period for public input regarding loan-level certifications.
One Important Piece of GSEs' Transformation Ready for Launch
National Mortgage News, May 31, 2019--Hannah Lang (subscription)
Fannie-Freddie Revamp Poses Risk to Trump: Higher Mortgage Costs
Bloomberg, June 3, 2019--Austin Weinstein
Don't Overreact to Quarterly Market Share Shifts Among MIs: Essent CEO
National Mortgage News, May 31, 2019--Brad Finkelstein (subscription)
Urban Institute to FHA: Fix Your Reverse Mortgage Servicing Problems
HousingWire, May 31, 2019--Jessica Guerin
Kevin Hassett, Chairman of Council of Economic Advisers, to Leave Post
Wall Street Journal, June 2, 2019--Nick Timiraos, Alex Leary (subscription)
Defect Risk Index Down for the First Time in Eight Months
National Mortgage Professional, May 31, 2019--Phil Hall
SEC Accuses Chicago House Flipper of Running $20 Million Real Estate Fraud Scheme
HousingWire, May 31, 2019--Ben Lane
Could Low Rates Be an Incentive for Upward-Bound Homeowners?
Mortgage Professional America, May 31, 2019--Kimberly Greene
From Financing to Flooring, Customer Service is Lacking
UEXpress, May 31, 2019--Lew Sichelman
MBA Chart of the Week: FHFA Purchase-Only House Price Index
Purchase-only house prices in the U.S. were up 5.1 percent in the first quarter from the same quarter a year ago, a deceleration from 5.9 percent in the fourth quarter and significantly slower than the over 6 percent levels we saw between late 2016 and mid-2018.
Survey: Home Buyers Value In-Person Even Amid Shift to Digital
TD Bank, Cherry Hill, N.J., released its annual Mortgage Service Index, noting while a record number of homeowners report their most recent home buying experience was excellent, their appetite for resources and guidance throughout the mortgage process is stronger than ever.
Global Real Estate Investment Slips
Global real estate markets remain liquid, but investors are growing more selective as caution builds regarding the real estate cycle, reported JLL, Chicago.
Dealmaker: HFF Arranges $86M For Office, Mixed-Use Assets
Holliday Fenoglio Fowler, Houston, arranged $85.6 million for 1333 Broadway in Oakland, Calif. and General Assembly in Charlotte, N.C.
MBA Document Custody Workshop June 20
The Mortgage Bankers Association's popular Document Custody Workshop takes place Thursday, June 20 at the Ritz-Carlton Tysons Corner in McLean, Va.
Upcoming MBA Education School of Mortgage Banking I Courses
MBA Education presents its popular School of Mortgage Banking Course I this summer and fall.
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.