Mortgage applications jumped sharply coming off the holiday-shortened Memorial Day holiday week, buoyed by the lowest 30-year fixed interest rates since September 2017, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending June 7.
Mortgage Credit Availability Increased Last Month
Mortgage Professional America, June 12, 2019--Steve Randall
MBA Awards $90,000-Plus in Path to Diversity Scholarships
National Mortgage Professional, June 11, 2019
CFPB to Kick Off Symposium Series with Forum on 'Abusive' Standard
American Banker, June 11, 2019--Hannah Lang (subscription)
The Majority of Consumers are Wildly Wrong About What it Takes to Get a Mortgage
CNBC, June 11, 2019--Diana Olick
Wells Fargo CEO Search Drags On as Two Top Candidates Take a Pass
Wall Street Journal, June 11, 2019--Rachel Louise Ensign, David Benoit (subscription)
Prepays Rise on the Combination of Lower Rates, Seasonality: KBW
National Mortgage News, June 11, 2019--Brad Finkelstein (subscription)
KKR Doubles Down on House Flippers
Wall Street Journal, June 12, 2019--Ryan Dezember (subscription)
CoreLogic: Foreclosure Inventories at 20-Year Low
CoreLogic, Irvine, Calif., said 4% of mortgages were in some stage of delinquency (30 days or more past due, including those in foreclosure) in March, an 0.3 percentage point decline from a year ago to the lowest March rate in 13 years.
In San Francisco, Bidding Wars Return
Redfin, Seattle, said bidding wars for houses, which largely dissipated this spring amid higher prices and growing inventories, returned with a vengeance in San Francisco and other California markets.
Office Performance Mixed Amid Uneven Growth Distribution
The U.S. economic expansion could soon become the longest in history, but that growth is unevenly distributed, which means different office markets perform very differently, reported Cushman & Wakefield, New York.
Dealmaker: 3650 REIT Originates $135M to Refinance Selig Office Portfolio
Balance-sheet lender 3650 REIT, Miami, funded a $135 million, 10-year first mortgage to Martin Selig Real Estate to refinance three Seattle office properties that total nearly 403,000 square feet.
MBA Risk Management, QA and Fraud Prevention Forum in Chicago Sept. 15-17
The Mortgage Bankers Association's Risk Management, QA and Fraud Prevention Forum takes place Sept. 15-17 at the Sheraton Grand Chicago.
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.
Save on FedEx Shipping through MBA Member Advantage Program
Through the MBA Member Advantage Program, you can save up to 29 percent on small package shipping with FedEx.