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Volume 18 | Issue 103 | Wednesday, May 29, 2019

The Lede

 

mPower: Measuring Accountability--and Creating 'Presence'

NEW YORK--Presence, says executive speech coach and media trainer Ruth Sherman, is a hidden asset.

 

Top National News

 
How Ellie Mae's CEO Plans to Get the Company Back into Growth Mode

National Mortgage News, May 28, 2019--Brad Finkelstein (subscription)
After years of expansion as a public company, Ellie Mae went private and cut 10% of its workforce. But new ways to grow lie ahead, according to CEO Jonathan Corr.

Here are 5 Things the CFPB Will Focus on in 2019

HousingWire, May 28, 2019--Kelsey Ramirez
The Consumer Financial Protection Bureau recently published its spring 2019 rulemaking agenda, showing the regulatory matters it reasonably anticipates having under consideration through 2020.

Reading Between the Lines of CFPB's Regulatory To-Do List

American Banker, May 28, 2019--Kate Berry (subscription)
While the rulemaking agenda suggests some significant moves by the agency in the near future, it leaves out mention of other areas of interest, such as compensation standards for loan originators, a more complete revamp of the CFPB's "Qualified Mortgage" standard and additional industry requests to water down the Dodd-Frank Act.

These Students had a Housing Idea. Facebook Listened. Now, It's Becoming Reality

San Jose Mercury-News, May 28, 2019--Marisa Kendall
When local high school students walked into Facebook's office last year with a plan for the region's affordable housing shortage, they didn't expect much. But Facebook helped turn the students' idea into reality--a pilot program to fund four backyard granny flats for low-income residents in East Palo Alto and Menlo Park, Calif.

Stock Investors Sound Alarm About New York's Office Market

Wall Street Journal, May 28, 2019--Konrad Putzier (subscription)
Property investors around the globe have been bidding up the price of Manhattan office towers for years. Now, the stock market is signaling they have pushed up values too far.

Private Equity Real Estate Fund Managers Face Growing Pressure on Yields

National Real Estate Investor, May 28, 2019--Beth Mattson-Teig
Private equity real estate funds have enjoyed robust fundraising in recent years, resulting in record high levels of assets under management. Yet fund managers are bracing for more challenges ahead that could cause them to lower target yields.

Residential Finance News

 
Mortgage Applications Down in MBA Weekly Survey

Mortgage applications decreased last week from the week earlier despite key interest rates hovering at 17-month lows, the Mortgage Bankers Association reported in its Weekly Mortgage Applications Survey for the week ending May 24.

Home Prices Cool for 12th Consecutive Month; Affordability Improves

Home price appreciation slowed for the 12th consecutive month in March, according to the S&P CoreLogic Case-Shiller National Home Price Index.

Consumer Confidence Posts Solid May Gain

The Conference Board, New York, said its Consumer Confidence Index improved in May for the second consecutive month, back to near 18-year highs.

Commercial/Multifamily News

 
Multifamily Rents Growing--Slowly

U.S. multifamily rents increased slightly in April as the occupancy rate continued to inch upward.

Dealmaker: West Palm Beach Offices Trade for $40M

A partnership including Vanderbilt Office Properties, Chicago, acquired two-building office property Emerald View at Vista Center in West Palm Beach, Fla. for $40 million.

MBA News

 
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.

Upcoming MBA Education School of Mortgage Banking I Courses

MBA Education presents its popular School of Mortgage Banking Course I this summer and fall.

MBA Compliance Essentials Offers Certified Mortgage Compliance Professional Designation Level 1

Earn recognition for your mortgage compliance expertise: MBA Education and the MBA Compliance Essentials program offer the only certification and designation program geared exclusively towards compliance professionals in the mortgage finance industry, the Certified Mortgage Compliance Professional (CMCP).

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.