Mortgage applications rose for the first time in five weeks as key interest rates dropped slightly, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending May 3.
VA Mortgage Lenders Hit with Federal Subpoenas
Politico, May 7, 2019--Lorraine Woellert
Republicans Move to Abolish CFPB
HousingWire, May 7, 2019--Ben Lane
Real Estate's Latest Bid: Zillow Wants to Buy Your House
New York Times, May 7, 2019--Ben Casselman, Conor Dougherty
Local Mortgage Lender Shutting Down, Laying Off Dozens
Richmond (Va.) BizSense, May 7, 2019--Michael Schwartz
Ocwen's 1Q Loss Due to Lower Interest Rates Affecting its MSRs
National Mortgage News, May 7, 2019--Brad Finkelstein (subscription)
Fifth Avenue Losing Luster as Vacancies Climb, Rents Fall
Wall Street Journal, May 7, 2019--Esther Fung (subscription)
U.S. Job Openings Surge, Point to Tightening Labor Market
Reuters, May 7, 2019--Lucia Mutikani
Former MBA Chairman Marc Smith, CMB, Passes Away
Marc Champney Smith, CMB, former CEO of Crestar Mortgage/SunTrust Mortgage who served as Chairman of the Mortgage Bankers Association from 1998-1999, passed away on Apr. 6 from leukemia. He was 72.
CFPB Proposes New Fair Debt Collection Rules
The Consumer Financial Protection Bureau yesterday issued a Notice of Proposed Rulemaking to implement the Fair Debt Collection Practices Act.
Mortgage Action Alliance 'Call to Action' Urges Support for Self-Employed Mortgage Access Bill
The Mortgage Bankers Association's grassroots advocacy arm, the Mortgage Action Alliance, issued a Call to Action yesterday urging support of legislation that would improve mortgage access for the self-employed, gig workers and other non-traditional borrowers.
Ginnie Mae, Washington, D.C., published a Request for Input as it considers making changes to parameters governing loan eligibility for pooling of mortgages into its security.
CMBS Delinquency Rates Fall to Post-Crisis Low
The commercial mortgage-backed securities delinquency rate fell six basis points to 2.82 percent in April, the lowest delinquency reading since the 2008 financial crisis.
Law firm McGuireWoods launched a multidisciplinary team to assist clients with opportunity zone investment and development.
Dealmaker: Fantini & Gorga Arranges $25M
Fantini & Gorga, Boston, arranged $25 million in first mortgages secured by New England multifamily and retail assets.
MBA National Secondary Market Conference & Expo May 19-22
The Mortgage Bankers Association's National Secondary Market Conference & Expo returns to the New York Marriott Marquis May 19-22.
MBA School of Mortgage Banking II May 14-17 in Chicago
MBA Education presents its popular School of Mortgage Banking Course II May 14-17 in Chicago.
Save on FedEx Shipping through MBA Member Advantage Program
Through the MBA Member Advantage Program, you can save up to 29 percent on small package shipping with FedEx.