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Volume 18 | Issue 47 | Monday, March 11, 2019

The Lede


MBA Advocacy Update

Consumer Financial Protection Bureau Director Kathy Kraninger testified before the House Financial Services Committee last week for a semi-annual review of the Bureau's ongoing efforts.


Top National News

MBA: Commercial, Multifamily Mortgages Continue Performing Historically Well

HousingWire, Mar. 8, 2019--Ben Lane
According to newly released data from the Mortgage Bankers Association, delinquency rates on commercial and multifamily mortgages remained near historic lows during the fourth quarter, just as they did all year.

What's Moving Markets Today

CNN Business, Mar. 8, 2019
The reason for the wild monthly volatility is anyone's guess," said MBA Chief Economist Mike Fratantoni. "A lot of fingers are being pointed to the government shutdown. We don't know exactly why we're seeing this crazy swing. But it reinforces why you can't focus on one data point alone."

FHFA Chief-to-Be's Top Priority: More Capital for Fannie, Freddie

National Mortgage News, Mar. 10, 2019--Hannah Lang (subscription)
Despite recent speculation that the White House and Federal Housing Finance Agency were planning a dramatic shake-up of Fannie Mae and Freddie Mac, observers say the nominee poised to run the FHFA will have a more targeted agenda on the job.

Private Investors Encroach on Fannie and Freddie's Domain

Wall Street Journal, Mar. 9, 2019--Ben Eisen (subscription)
Private investors are directly buying a small but growing share of loans that have long been the domain of Fannie Mae and Freddie Mac, a sign of the changing dynamics in the $11 trillion mortgage industry.

Wells Fargo Says Its Culture Has Changed. Some Employees Disagree

New York Times, Mar. 9, 2019--Emily Flitter, Stacy Cowley
Wells Fargo workers say they remain under heavy pressure to squeeze extra money out of customers. Some have witnessed colleagues bending or breaking internal rules to meet ambitious performance goals, according to interviews with 17 current and former employees and internal documents.

Fannie's HPSI Holds Steady in February, Borrowers Less Bullish on Home Prices

The Mortgage Leader, Mar. 8, 2019
The Fannie Mae Home Purchase Sentiment Index decreased 0.4 points in February to 84.3, reversing some of the increase seen in January. The HPSI is down 1.5 points compared with the same time last year.

Sellers Need to Be Cautious at Showings

UExpress, Mar. 8, 2019--Lew Sichelman
The names Samantha Keithley, Orlando Martinez and Steven Wilson probably don't mean anything to you. But they are the names of three real estate agents killed in the line of duty in just the last six months of 2018.

Residential Finance News

MBA Chart of the Week: Ways Borrowers Remit Mortgage Payments

This week's chart, showing the myriad options for remitting payments, provides a glimpse into operational complexities that may arise for mortgage servicers from the fundamental task of collecting payments.

Housing Starts Begin Year Strong

Housing starts began 2019 on a strong note, jumping by nearly 19 percent from December, HUD and the Labor Department reported Friday.

Labor Report Shows Signs of Tightening

Employers added just 20,000 jobs in February, the Bureau of Labor Statistics reported Friday.

The Week Ahead

The Mortgage Bankers Association's annual Technology Solutions Conference & Expo is less than two weeks away, taking place Mar. 24-27 at the Hyatt Regency Dallas.

Commercial/Multifamily News

'Cautious Yet Confident' Hotel Sector

"Cautious yet confident" can describe current hotel investor sentiment, reported JLL, Chicago.

Dealmaker: NorthMarq Capital Secures $86M for Mixed-Use, Multifamily

NorthMarq Capital, Minneapolis, secured $86.2 million for mixed-use and multifamily assets in Illinois, Missouri, Indiana and Washington.

MBA News

MBA Commercial/Multifamily Servicing & Technology Conference in L.A. May 14-17

The Mortgage Bankers Association's annual Commercial/Multifamily Servicing & Technology Conference takes place May 14-17 at the J.W. Marriott L.A. Live in Los Angeles.

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.

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).

About MBA Newslink

President and CEO: Robert Broeksmit, CMB

Publisher: Marcia Davies, Chief Operating Officer

Vice President of Public Affairs: John Mechem

Editor: Mike Sorohan 202/557-2855 

Editorial Director: Michael Tucker 202/557-2851 

Senior Editorial/Advertising Specialist: Lesley Hall 202/557-2856

Advertising Opportunities: Bill Farmakis 203/834-8832

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