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Volume 18 | Issue 41 | Friday, March 01, 2019

The Lede

 

Preparing for 'When,' Not 'If,' in Natural Disasters

ORLANDO--Floods. Hurricanes. Earthquakes. Volcanic eruptions. Wildfires. Tornadoes. And that was just 2018.

 

Top National News

 
Mortgage Rates Level Off After Three Weeks of Declines

Washington Post, Feb. 28, 2019--Kathy Orton
According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average was unchanged at 4.35 percent with an average 0.5 point. It was 4.43 percent a year ago.(MBA mention)

MBA Servicing: Mortgage Borrowers are Now Your Biggest Asset

HousingWire, Feb. 28, 2019--Sarah Wheeler
During the MBA's National Mortgage Servicing conference this week in Orlando, it was evident that in the current environment servicers are using the relative calm to take stock of their operations, train staff, shore up compliance and invest in technology.

GSE Reform Proposals have Small Lenders on Edge

National Mortgage News, Feb. 28, 2019--Hannah Lang (subscription)
As lawmakers shop plans to overhaul the housing finance system, small lenders are still skeptical that any of the various legislative proposals will work for them.

Fannie Mae Escapes Lawsuit over Foreclosure Misreporting

Reuters, Feb. 28, 2019--Dena Aubin
A federal judge in San Francisco has ruled in favor of housing finance giant Fannie Mae in a 2017 lawsuit accusing it of falsely reporting that thousands of consumers' homes had been foreclosed on.

The Battle for the Broker

HousingWire, Mar. 1, 2019--Jacob Gaffney
At the start of the new year, Black Diamond Mortgage Owner David Boye received an email from an account executive representing one of the nation's largest lenders asking for a second chance.

Strong Home Buying Season Boosts Mortgage Defect Risk: First American

National Mortgage News, Feb. 28, 2019--Brad Finkelstein (subscription)
A strong spring home purchase season is likely to further increase mortgage loan application defect risk, which already spiked in the past two months, according to First American.

Most Millennials Express Buyer's Remorse on Home Purchase

National Mortgage Professional, Feb. 28, 2019--Phil Hall
You can lead a Millennial into homeownership but you can't make that young person happy, according to data from a new study released by Bankrate.com.

Patient Buyer Gets $35,000 Discount Waiting Out Overconfident Seller

Orange County Register, Feb. 28, 2019--Jeff Lazerson
Even in a seller's market, smart buyers who have patience and do their homework can get good deals.

Residential Finance News

 
U.S. Homeownership Rate at Highest Level Since 2014

The U.S. homeownership rate rose to 64.8 percent in the fourth quarter, the Census Bureau reported yesterday, marking its highest rate since 2014.

FHFA Issues Final Rule on Uniform Mortgage-Backed Security

The Federal Housing Finance Agency yesterday issued a final rule that requires Fannie Mae and Freddie Mac to align programs, policies and practices that affect the cash flows of "To-Be-Announced"-eligible Mortgage-Backed Securities.

Commercial/Multifamily News

 
Industrial Market Finishes 2018 at Near Record Low Vacancies

The industrial real estate market's vacancy rate closed 2018 at a near record low 4.9 percent, and e-commerce could further improve its performance going forward, analysts said.

Dealmaker: NYL Real Estate Investors Originates $151M

New York Life Real Estate Investors originated $34.3 million on behalf of New York Life Insurance Co. for Trade Centre South, a 216,000-square-foot office property in Fort Lauderdale, Fla.

MBA News

 
MBA Technology Solutions Conference & Expo Mar. 24-27 in Dallas

The Mortgage Bankers Association's Technology Solutions Conference & Expo 2019 takes place Mar. 24-27 at the Hyatt Regency Dallas.

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.

MBA Education School of Mortgage Banking I Apr. 9-12 in San Antonio

MBA Education presents its popular School of Mortgage Banking Course I April 9-12 in San Antonio.

About MBA Newslink

President and CEO: Robert Broeksmit, CMB

Publisher: Marcia Davies, Chief Operating Officer

Vice President of Public Affairs: John Mechem jmechem@mba.org

Editor: Mike Sorohan 202/557-2855 msorohan@mba.org 

Editorial Director: Michael Tucker 202/557-2851 mtucker@mba.org 

Senior Editorial/Advertising Specialist: Lesley Hall 202/557-2856 lhall@mba.org

Advertising Opportunities: Bill Farmakis 203/834-8832 bill@jlfarmakis.com

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One Voice. One Vision. One Resource. The Mortgage Bankers Association  (MBA) is the national association representing the entire real estate finance industry. For more information visit us at mba.org.