Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $285 on each loan they originated in the first quarter, up from a reported loss of $200 per loan in the fourth quarter, the Mortgage Bankers Association reported this morning.
Lowest Mortgage Rates in a Year and a Half Don't Impress Homebuyers
CNBC, June 5, 2019--Diana Olick
Survey 40% of Top Economists Expect Fed to Cut Rates Over Next Year
Bankrate.com, June 6, 2019--Sarah Foster
CFPB Finds Freedom Mortgage Intentionally Reported Inaccurate HMDA Data
HousingWire, June 5, 2019--Ben Lane
Most Consumers Overestimate What it Takes to Get a Mortgage
HousingWire, June 5, 2019--Jessica Guerin
Herbert Sandler, Home Mortgage Lender and Philanthropist, Dies at 87
Wall Street Journal, June 5, 2019--James R. Hagerty (subscription)
CMBS Delinquency Rate Continues to Plunge
National Mortgage Professional, June 5, 2019--Phil Hall
Beseiged Florida Banking Regulator Avoids Firing--For Now
American Banker, June 5, 2019--Kate Berry (subscription)
ADP: U.S. Added 27,000 Private-Sector Jobs in May, the Lowest Number Since 2010
Washington Post, June 5, 2019--Taylor Telford
Senate Passes Bill Providing VA, Ginnie Mae Loan 'Seasoning' Fix
The Senate yesterday by unanimous consent approved a bill that would close a loophole refinanced loans must meet to be eligible for the VA guaranty and for Ginnie Mae pooling.
MBA, Trade Groups Urge FCC Caution on 'Robocalls'
Ahead of a meeting Thursday to consider new rules governing "robocalls," the Mortgage Bankers Association and other industry trade groups urged the Federal Communications Commission to avoid an overreach that would ensnare millions of legitimate business calls.
U.S. Home Flipping Rate at 9-Year High
ATTOM Data Solutions, Irvine, Calif., said even though overall home flipping activity fell in the first quarter, the rate of flipped home sales reached its highest rate since 2010.
Affordable Housing Challenges Increase
Housing affordability remains a big problem in many metros, especially those with robust rent growth over the past few years, reported Reis, New York.
Dealmaker: Meridian Capital Group Arranges $81M
Meridian Capital Group, New York, arranged $80.5 million for industrial and mixed-use assets in New Jersey and New York.
MBA Annual19 Comes to Austin, Texas Oct. 27-30
The Mortgage Bankers Association's Annual Convention & Expo takes place Oct. 27-30 at the Austin Convention Center in Austin, Texas.
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