President Trump yesterday signed an Executive Order establishing the White House Council on Eliminating Barriers to Affordable Housing, and named HUD Secretary Ben Carson as its chair.
Programs and Tactics to Help You Afford to Buy a Home
Bankrate.com, June 25, 2019--Natalie Campisi
Push to Overhaul Fannie, Freddie Nudges Up Mortgage Costs
Wall Street Journal, June 25, 2019--Andrew Ackerman, Ben Eisen (subscription)
Lawmakers Spar over Whether Fannie, Freddie are SIFIs
National Mortgage News, June 25, 2019--Hannah Lang (subscription)
Fed's Powell: Trade Uncertainty, Global Growth Worries Could Prompt Rate Cuts
Wall Street Journal, June 25, 2019--Nick Timiraos (subscription)
New Studies Track Generation Z's Views on Homeownership
National Mortgage Professional, June 25, 2019--Phil Hall
Real Estate Appraiser Wins Invasion of Privacy Lawsuit Against CoesterVMS
HousingWire, June 25, 2019--Jessica Guerin
Rates Drop, Applications Rise in MBA Weekly Survey
Mortgage applications increased last week as mortgage rates fell to nearly two-year lows, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending June 21.
May New Home Sales Drop Despite Low Rates, Home Builder Discounts
New home sales in May fell by nearly 8 percent from April and by nearly 4 percent from a year ago, HUD and the Census Bureau reported yesterday.
Home Prices Continue to Slow, Even Drop
Home price appreciation continued to slow this spring, with one report even suggesting that in many markets, home prices are dropping.
June Consumer Confidence Down Nearly 10 Points
The Conference Board, New York, said its monthly Consumer Confidence Index fell by nearly 10 points in June to its lowest level since September 2017 amid uncertainty over economic conditions and the longer-term outlook.
Searching for a Solution to Rental Affordability Challenges
The Harvard University Joint Center for Housing Studies' State of the Nation's Housing report said overall rents rose at a 3.6 percent annual rate in early 2019, twice the pace of overall inflation.
Dealmaker: Eldorado Resorts, Caesars Entertainment to Merge in $17B Deal
Hotel and casino firm Eldorado Resorts, Reno, Nev., agreed to buy Caesar's Entertainment, Las Vegas, in a $17.3 billion cash-and-stock deal.
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.
MBA Diversity and Inclusion Residential Leadership Awards Deadline July 19
The Mortgage Bankers Association is accepting applications and nominations for its annual Diversity and Inclusion Leadership Awards. Application deadline is Friday, July 19.
MBA Compliance Essentials Offers Certified Mortgage Compliance Professional Designation Level 1
Earn recognition for your mortgage compliance expertise: MBA Education and the MBA Compliance Essentials program offer the only certification and designation program geared exclusively towards compliance professionals in the mortgage finance industry, the Certified Mortgage Compliance Professional (CMCP).