Commercial and multifamily real estate finance firms are preparing for the transition away from the London Interbank Offered Rate (LIBOR), but there is little uniformity when it comes to the details, according to the results of a new survey by the Mortgage Bankers Association's LIBOR Outreach Committee.
2019 Rising Star: Amber Lawrence
HousingWire, June 3, 2019
Outlook for U.S. Mortgage Rates Remains Stable, Housing Crunch Continues
Inman.com, June 4, 2019--Lew Sichelman
House Approves Much-Delayed $19.1B Disaster Aid Bill
The Hill, June 3, 2019--Juliegrace Brufke
GSEs' Uniform Mortgage-Backed Security Launches
MReport, June 3, 2019--Seth Wellborn
FHFA's Calabria Urges Reg Relief for Homebuilders
American Banker, June 3, 2019--Hannah Lang (subscription)
Trade Risks Prompt Predictions for Fed Rate Cuts
Wall Street Journal, June 4, 2019--Nick Timiraos (subscription)
With Volume Growth Elusive, Mortgage Companies Look for Partners
National Mortgage News, June 3, 2019--Brad Finkelstein (subscription)
The Mall Meltdown Continues
Wall Street Journal, June 3, 2019--Elizabeth Winkler (subscription)
House Committee to Vote Today on FY2020 T-HUD Bill; MBA Urges Support
The House Appropriations Committee is scheduled to meet this morning to consider a Fiscal Year 2020 appropriations bill that would provide FHA with Mortgage Bankers Association-supported staffing and systems upgrades.
Black Knight, CoreLogic Tell Different Home Appreciation Stories
Black Knight, Jacksonville, Fla., said home prices rose by just 1 percent in March, bringing annual appreciation to just 3.8 percent, the first time since 2012 that home prices have fallen below the 25-year average of 3.9 percent.
Defect Risk Down for 1st Time in 8 Months
First American Financial Corp., Santa Ana, Calif., said frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications decreased by 4.2 percent in April from March, marking the first monthly decline since last July.
Report Sees Robust Office Sector Absorption
Despite steadily growing new office supply, robust absorption held the sector's vacancy rate steady at 13.7 percent in April, said Yardi Matrix, Santa Barbara, Calif.
Dealmaker: Blackstone to Buy GLP Industrial Assets for $19B
Blackstone, New York, agreed to acquire 179 million square feet of urban infill logistics assets from Global Logistic Properties, Singapore, in one of the largest-ever private real estate transactions.
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.
Upcoming MBA School of Mortgage Banking II Courses
MBA Education presents its popular School of Mortgage Banking Course II in several locations this summer and fall.