The Consumer Financial Protection Bureau yesterday issued a Notice of Proposed Rulemaking, which proposes to raise coverage thresholds for collecting and reporting data about closed-end mortgage loans and open-end lines of credit under the Home Mortgage Disclosure Act rules.
Mortgage Rates Pull Back on Weak Inflation Data
Washington Post, May 2, 2019--Kathy Orton
Mortgage Bankers Association Taps Ernie Jolly as AVP of Legislative Affairs
Mortgage Orb. May 2, 2019--Patrick Barnard
Trump Says Moore Withdraws from Fed Consideration
The Hill, May 2, 2019--Jordan Fabian
Real Estate: 3 Challenges Facing First-Time Homebuyers this Spring
USA Today, May 2, 2019--Aimee Picchi
Re-Evaluating the Traditional Appraisal
DS News, May 2, 2019--Seth Wellborn
Adjustable-Rate Mortgages are Making a Comeback. But Are These Loans Right for You?
Washington Post, May 2, 2019--Michele Lerner
Goldman Sachs Gets Closer to Fulfilling Terms of Mortgage Settlement
National Mortgage News, May 2, 2019--Paul Centopani (subscription)
CMBS Delinquency Rate Continues to Hit Post-Crisis Lows
National Mortgage Professional, May 2, 2019--Phil Hall
Rep. Emmer Introduces Bill to Eliminate Barriers for Self-Employed Individuals
Rep. Tom Emmer, R-Minn., jumped-started efforts on Capitol Hill to improve access to mortgages for those working in the "gig" economy by introducing Mortgage Bankers Association-supported legislation that would allow lenders to verify income through other forms of documentation.
Fitch: U.S. RMBS Servicers ‘Scrubbing' Portfolios of Problem Loans
Fitch Ratings, New York, said U.S. residential mortgage-backed securities servicers are continuing to grow their portfolios with much cleaner products, while the volume of problematic loans continues to decline.
Intercontinental Exchange, an operator of global exchanges and clearinghouses and provider of data and listings services, announced it entered into a definitive agreement to acquire Simplifile, LC, Provo, Utah.
Positive Office Absorption Streak Continues
The U.S. office sector secured its 34th consecutive quarter of positive absorption this year as asking rents trended higher, reported Cushman & Wakefield, New York.
Dealmaker: Alexander & Baldwin Acquires Hawaii Industrial Assets for $68M
Alexander & Baldwin, Honolulu, acquired two Hawaii industrial assets for $67.5 million.
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 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.
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.