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Volume 18 | Issue 59 | Wednesday, March 27, 2019

The Lede

 

From MBA, a Cautiously Optimistic Housing Reforecast

DALLAS--Mortgage Bankers Association Chief Economist Mike Fratantoni said the housing market could end up being the winner in 2019, despite volatile economic conditions.

 

Top National News

 
A Decade After the Housing Bust, the Exurbs Are Back

Wall Street Journal, Mar. 26, 2019----Laura Kusisto (subscription)
The exurbs, the engine of the American housing market, are back. Home buyers, often millennials, are looking farther out for affordable housing, even if that means a long commute.

A Housing Market Slowdown Could Be Bad News for Renters

Business Insider, Mar. 26, 2019--Gina Heeb
Falling construction activity and housing shortages across the country have priced an increasing number of potential buyers out of the market, driving Americans to rent instead. While lower mortgage rates could pull some in from the sidelines, new tax laws have reduced incentives for Americans to own homes.

Residential Finance News

 
MBA's Broeksmit to Testify Today Before Senate Banking Committee

Mortgage Bankers Association President & CEO Robert Broeksmit, CMB, will testify this morning before the Senate Banking Committee on housing finance reform.

Mortgage Applications Jump in MBA Weekly Survey

The spring home buying market started off in style, with mortgage applications rising for the sixth time in seven weeks, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending March 22.

MBA, Trade Groups Urge House to Reject Carried Interest Bill

The Mortgage Bankers Association and more than a dozen industry trade groups sent a joint letter to Capitol Hill urging that House to reject legislation that would end capital gains treatment of carried interest.

MISMO Recommends DMN Standard

MISMO, the mortgage industry's standards organization, recommended use of the Decision Model and Notation standard for documentation, implementation, execution and exchange of business rules and decisions across the mortgage industry.

February Housing Starts Down Nearly 9%

Privately owned housing starts in February fell by nearly 9 percent, as bad weather and scarce resources brought an end to the winter housing market season.

Home Price Gains Slow to 2015 Levels

S&P Down Jones yesterday said its monthly housing price index showed a 4.3% annual gain, the slowest rate since 2015.

Commercial/Multifamily News

 
No Signs of Slowing Multifamily Rent Growth

The multifamily market does not appear to be slowing, and a tight labor market could extend its run, analysts said.

Dealmaker: Berkadia Secures $54M in Construction Financing

Berkadia, New York, secured $54.1 million in construction financing for retail and multifamily assets in Ohio and Virginia.

MBA News

 
MBA National Advocacy Conference in D.C. Apr. 2-3

The Mortgage Bankers Association's annual National Advocacy Conference takes place Apr. 2-3 at the Capital Hilton in Washington, D.C.

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

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

MISMO Spring Summit June 3-7 in Milwaukee; Registration Now Open

Registration is now open for the MISMO Spring Summit, taking place June 3-7 at the Pfister Hotel in Milwaukee.

MBA Education UMBS and Your Business: Best Practices for Readiness Webinar Apr. 10

MBA Education presents a webinar, UMBS and Your Business: Best Practices for Readiness Webinar, on Wednesday, Apr. 10 from 2:00-3:30 p.m. ET.

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.