With the spring home buying season showing some signs of promise--but with construction still at depressed levels--several reports suggest many would-be move-up homeowners are turning to remodeling in the short term.
Mortgage Applications Set a Record for the Third Straight Week...
CNBC, Mar. 20, 2019--Diana Olick
Supreme Court Makes it Harder for Borrowers to Fight Foreclosures in Non-Judicial States
HousingWire, Mar. 20, 2019--Jacob Gaffney
Jumbo Mortgages Are Slowing Down, Testing Banks' Postcrisis Playbook
Wall Street Journal, Mar. 21, 2019--Ben Eisen, Laura Kusisto (subscription)
Lack of Diversity at Home Loan Banks 'Concerning,' Waters Says
National Mortgage News, Mar. 20, 2019--Hannah Lang (subscription)
Fannie Mae: Home Sales Will Stabilize in 2019
HousingWire, Mar. 20, 2019--Jessica Guerin
Fed Holds Line on Rates--And May Keep It That Way
The Federal Open Market Committee, as expected, held the federal funds rate following its policy meeting yesterday and hinted that it might be done raising rates for a while.
Black Knight: February Delinquencies Up; Prepayments Rise
Black Knight, Jacksonville, Fla., said mortgage delinquencies rose in February, the first increase in that month in 12 years.
Declining Sales, Inventories Push Transition to Buyer's Market
RE/MAX, Denver, said two trends--declining sales and growing inventory--continue to push the U.S. housing market from a seller's market to a buyer's market in February.
Digging Deeper on CRE Transaction Volume
Transaction volume is a good indicator of a market's commercial real estate activity, but it may not completely capture pricing trends, said Situs RERC, Houston.
Dealmaker: Walker & Dunlop Secures $90M for Office, Land Assets
Walker & Dunlop, Bethesda, Md., structured $89.5 million in financing for Georgia and Florida office and land assets.
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.
MBA Education School of Mortgage Banking III in D.C. June 11-14
MBA Education presents its School of Mortgage Banking Course III June 11-14 at MBA headquarters in Washington, D.C.
Make the Most of Your MBA Membership: Special Focus on Loan Servicing Webinar Mar. 22
The Mortgage Bankers Association invites you to participate in a Mar. 22 webinar focused on loan servicing.