Not displaying correctly? View in a browser
Volume 18 | Issue 58 | Tuesday, March 26, 2019

The Lede


Broeksmit: Industry Must Shape Technology to Meet Customer Needs

DALLAS--Seven months and a dozen "listening tours" into his job, Mortgage Bankers Association President & CEO Robert Broeksmit, CMB, said one message from MBA members is coming through loudly and clearly.


Top National News

MBA Tech: Is It Better to Build Your Own Technology or Buy It?

HousingWire, Mar. 25, 2019--Caroline Basile
A panel of multifamily and commercial real estate experts at the Mortgage Bankers Association's 2019 Technology Solutions Conference in Dallas discussed the pros and cons of developing technology versus buying a solution or tool from a vendor.

How to Benefit From Rising Home Prices

Consumer Reports, Mar. 25, 2019--Tobie Stanger
You Could Drop Mortgage Insurance. Contact the company that services your mortgage and ask that mortgage insurance be removed, says Julienne Joseph, assistant director of government housing programs at the Mortgage Bankers Association.

Declining Mortgage Rates Champion Home-Buying Power, But For How Long?

HousingWire, Mar. 26, 2019--Alcynna Lloyd
Home prices retreated 1.9 percent in January, First American's Real House Price Index said. The Mortgage Bankers Association reported new home mortgage applications surged 43 percent in January compared with the previous month.

The U.S. Mortgage Market Needs Better Plumbing

Bloomberg, Mar. 25, 2019--Editorial Board
Mortgage servicing was a disaster in the last crisis. It still needs fixing.

FHA Tightening Mortgage Underwriting Standards as Credit Scores Decline

Fox Business, March 25, 2019--Brittany De Lea
The Federal Housing Administration is cracking down on riskier mortgages. The agency will put a larger share of mortgages through a more strenuous manual underwriting process after telling lenders earlier this month it plans to identify more loans as high risk.

New Privacy Rules, Digital Mortgages Broaden Cybersecurity Needs

National Mortgage News, Mar. 25, 2019--Paul Centopani (subscription)
Consumers' desire for a digitized mortgage process and increased data-privacy regulation force lenders into a race to keep up with evolving cybersecurity risks extending beyond their own operations.

The View from Both Sides

Mortgage Media, Mar. 25, 2019
Former CFPB deputy director and now Fenway Summer managing partner Raj Date takes an informed look at the regulatory environment, non-QM loans, and what drives financial tech successes (and failures).

New Data Points to Increased Homeownership Affordability

National Mortgage Professional, Mar. 25, 2019--Phil Hall
Nationwide's latest Health of Housing Markets Report found house price appreciation has been slowing, primarily a result of higher mortgage rates. For the first time in a year, the report's proprietary Leading Index of Healthy Housing Markets forecast a positive outlook for the national housing market.

Will Trump Administration Suspend GSE Housing Trust Funds?

American Banker, Mar. 25, 2019--Hannah Lang (subscription)
A nearly monthlong delay in Fannie Mae and Freddie Mac's regular contribution to two affordable housing funds is prompting fears by housing advocates that the Trump administration wants to suspend the funding stream.

Residential Finance News

MBA Honors 2019 MBA Insights Tech All-Stars

DALLAS--The Mortgage Bankers Association and MBA Insights honored four industry innovators with its 2019 Tech All-Stars awards here at the MBA Technology Solutions Conference & Expo.

MBA Announces $2 Million Investment in MISMO

DALLAS--The Mortgage Bankers Association announced a $2 million investment in MISMO, the mortgage industry standards organization.

MBA Performance Report: IMBs See Losses in Fourth Quarter

Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net loss of $200 on each loan they originated in the fourth quarter, the Mortgage Bankers Association reported this morning.

Fannie Mae Issues Guidelines for Non-Citizen Borrowers, Including DACA

Fannie Mae, Washington, D.C., on Mar. 22 posted Fact Sheet clarifying how to determine eligibility for non-citizen borrowers, including immigrants who participate in the Deferred Action for Childhood Arrivals (DACA) program, known as "Dreamers."

Commercial/Multifamily News

CREF Corner Office Conversation with PSRS's Michael Tanner

The Mortgage Bankers Association released an interview with PSRS Executive Vice President Michael Tanner.

Commercial/Multifamily Briefs

Office real estate investment trusts Cousins Properties, Atlanta, and TIER REIT, Dallas, agreed to combine in a 100 percent stock-for-stock transaction.

Dealmaker: New York Life Real Estate Investors Originates $217M

New York Life Real Estate Investors, New York, originated $217 million for office properties in California and Texas.

MBA News

MBA Legal Issues & Regulatory Compliance Conference in New Orleans May 5-8

The Mortgage Bankers Association's Legal Issues & Regulatory Compliance Conference takes place May 5-8 at the Hyatt Regency New Orleans.

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 UDAAP & FTC MAP Rule Resource Guide Available

The MBA Compliance Essentials program offers a new Resource Guide: Unfair, Deceptive, or Abusive Acts and Practices (UDAAP) & FTC Mortgage Acts and Practices Advertising (MAP) Rule.

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

MBA NewsLink, a daily electronic publication, is a member benefit free to employees of MBA member companies, and available by paid subscription to non-members. For membership information, click here.

If this email has been forwarded to you, please visit our web site to subscribe.

The links at the end of each abstract are to the publisher, publication, or article. Some links may require registration or subscription.

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