A House Appropriations subcommittee yesterday approved $137 billion in fiscal 2020 funding for HUD and Ginnie Mae that includes key Mortgage Bankers Association-supported provisions for staffing and technology.
Fixed Mortgage Rates Continue their Slide, Falling for the Fourth Week in a Row
Washington Post, May 23, 2019--Kathy Orton
House Passes Waters' Bill to Reverse Mulvaney's CFPB Changes
National Mortgage Professional, May 23, 2019--Phil Hall
Senate Finalizes Deal on Disaster Aid Package
Politico, May 23, 2019--Marianne Levine, Burgess Everett
Carson Seeks To Clear Up Testimony on Protections for Homeless Transgender People
The Hill, May 23, 2019--Jordan Fabian
Should Fannie, Freddie Be Labeled 'Systemically Important?'
American Banker, May 23, 2019--Victoria Finkle (subscription)
Government Watchdog Considering Ways to Reduce Federal Costs of Reverse Mortgage Program
HousingWire, May 23, 2019--Jessica Guerin
Banker Indicted for Allegedly Giving Loans to Paul Manafort for Help Getting Trump Job
Wall Street Journal, May 23, 2019--Nicole Hong (subscription)
Four Indicted in GSE Multifamily Mortgage Fraud Scheme
National Mortgage News, May 23, 2019--Bonnie Sinnock (subscription)
Fannie, Freddie Appraisal Secrecy Hurts First-Time Buyers
Orange County Register, May 23, 2019--Jeff Lazerson
MBA Offices Closed Monday
MBA offices will be closed this coming Monday, May 27 in observance of the Memorial Day holiday.
Mortgage Action Alliance Call to Action Urgest Senate Support of Bill Limiting G-Fee Use
The Mortgage Action Alliance--the grassroots advocacy arm of the Mortgage Bankers Association--issued a Call to Action yesterday, urging its members to contact their senators in support of recently introduced legislation prohibiting Congress from using government-sponsored enterprise guaranty fees for unrelated spending.
April New Home Sales Down 7%, But News Not All Bad
New residential home sales fell by nearly 7 percent in April, HUD and the Census Bureau reported yesterday, the first monthly decline in 2019.
'Adverse Selection' Drives Higher Losses for Legacy CMBS
Adverse selection in the commercial mortgage-backed securities 1.0 universe of pre-2009 loans drove loss severities higher last year, reported Fitch Ratings, New York.
Dealmaker: Sonnenblick-Eichner Arranges $27M Bridge Loan for Hawaii Shopping Center
Sonnenblick-Eichner Co., Beverly Hills, Calif., arranged $27 million to refinance Lahaina Gateway, a 136,500-square-foot community shopping center on Maui, Hawaii.
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.
MAA Quarterly Advocacy Update May 28
The Mortgage Action Alliance Quarterly Advocacy Update takes place Tuesday, May 28 from 2:00-3:00 p.m. ET.
MBA Education Webinar: Technology & CRE Finance--Where Are We & Where Are We Headed? May 29
Join MBA Education for an informative webinar, Technology & CRE Finance: Where Are We & Where Are We Headed?, on Wednesday, May 29 from 2:00-3:30 p.m. ET.