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Volume 18 | Issue 93 | Tuesday, May 14, 2019

The Lede


MBA: 1st Quarter Commercial/Multifamily Originations Up 12 Percent

Commercial and multifamily mortgage loan originations rose by 12 percent in the first quarter from last year but fell from the fourth quarter, the Mortgage Bankers Association reported this morning.


Top National News

Mentorship and Becoming a Leader in the Mortgage Industry

Lykken on Lending, May 13, 2019--Dave Lykken
Podcaster Dave Lykken interviews MBA COO Marcia Davies and her daughter Emily Davies on leadership opportunities for women in the real estate finance industry.

Analyzing The Impacts Of Administrative GSE Reform

Mortgage Media, May 13, 2019--David Stevens, CMB
Former MBA President and CEO says the Administration's renewed interest in resolving conservatorship of Fannie Mae and Freddie Mac could result in "downside risks" to the real estate finance industry.

First-Quarter Mortgage Revenue Dip a 2019 Challenge for Equifax

National Mortgage News, May 13, 2019--Bonnie Sinnock (subscription)
First-quarter operating revenue in Equifax's Mortgage Solutions unit was the lowest it's been for the fiscal period since 2016, and the company anticipates declines in this division will remain a concern.

Appeals Court Revives Class Action Suit Against Nationstar for Redundant Flood Insurance

HousingWire, May 13, 2019--Jessica Guerin
In a unanimous decision, judges in the 11th Circuit Court of Appeals revived part of a Florida condo owner's claims against Nationstar, accusing the servicer of ripping off borrowers by unnecessarily placing flood insurance on their properties for which they were charged thousands of dollars.

Rising Rents for Millennials Give Rise to a New Breed of Lender

Wall Street Journal, May 13, 2019--Will Parker (subscription)
New lenders are entering what was once the realm of payday lending, pitching loans to young renters in increasingly unaffordable cities.

Live Well Financial's Abrupt Closing Leads to Host of Problems

HousingWire, May 13, 2019--Jessica Guerin
On Monday, Flagstar Bancorp revealed in a Securities and Exchange Commission filing that Live Well owes the bank $74 million, which includes $5 million in a warehouse line of credit.

EasyKnock Raises $215M in Series A Round

National Mortgage Professional, May 13, 2019--Phil Hall
EasyKnock, a New York-headquartered residential sale leaseback company, announced that it raised a $215 million Series A round from new and returning investors.

Residential Finance News

MISMO Seeks Public Comment on New Logical Data Model

MISMO®, the mortgage industry standards organization, released a new MISMO logical data model for a 90-day public comment period through Aug. 12.

CFPB Outlines Plan to Review Regulatory Flexibility Act Rules

The Consumer Financial Protection Bureau yesterday published a notice on how it plans to periodically review regulations under the Regulatory Flexibility Act and to request public input.

Commercial/Multifamily News

Report Says Hotel Profit Growth Harder to Come By

Though U.S. hotel profits increased again last year, it is growing increasingly difficult for managers to remain profitable as expenses increase, said CBRE Hotels, Atlanta.

Dealmaker: HFF Arranges $360M for Office, Multifamily

Holliday Fenoglio Fowler, Houston, arranged $359.5 million for Silicon Valley office and Florida multifamily properties.

MBA News

MBA Risk Management, QA and Fraud Prevention Forum in Chicago Sept. 15-17

The Mortgage Bankers Association's Risk Management, QA and Fraud Prevention Forum takes place Sept. 15-17 at the Sheraton Grand Chicago.

Call for Speakers: MBA Condominium Lending Workshop

The Mortgage Bankers Association's Condominium Workshop takes place July 18 in Washington, D.C. Speaking opportunities are available; deadline is May 17.

MAA Action Week May 13-17

The Mortgage Action Alliance, MBA's free grassroots lobbying network, will hold its fourth annual Action Week May 13-17.

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

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