This past Monday, the Federal Housing Finance Agency and the Treasury Department announced agreements to permit the GSEs to begin retaining earnings and building capital. Also, FHFA sent a letter to the 11 Federal Home Loan Banks, instructing them to begin transitioning away from LIBOR in anticipation of its termination. And Rep. Blaine Luetkemeyer, R-Mo., introduced legislation that would apply the Administrative Procedures Act to the adoption of accounting principles.
Will Mortgage Rates Stay Low Through 2019? Here's What Experts Predict
Forbes, Oct. 4, 2019--Aly J. Yale
The Diversity Imperative
DS News, Oct. 4, 2019--Anita Scott
Credit Unions Originated $142.2B in Mortgages in 2018
National Mortgage Professional, Oct. 4, 2019--Phil Hall
Nonbank Mortgage Hiring Rises to a High for the Year
National Mortgage News, Oct. 4, 2019--Bonnie Sinnock (subscription)
Fannie and Freddie Get to Keep Their Earnings. Now What?
American Banker, Oct. 4, 2019--Hannah Lang (subscription)
The Housing Scene
UExpress, Oct. 4, 2019--Lew Sichelman
MBA Chart of the Week: Mortgage Application Usage of Technology
MBA recently released the results of its 2019 Technology Profile Survey, completed by Chief Information Officers at mortgage lending institutions. This week's chart compares last year's survey results to this year's for companies that indicated they had at least 50 percent of applicants who use the specified technology in the application process.
Unemployment Rate Hits 50-Year Low
U.S. employers added 136,000 jobs in September-below expectations, but enough to send the unemployment rate to its lowest level in 50 years.
Credit Innovation: The Unsung Hero of the American Dream
If the American Dream is to prevail, it has to evolve with our economy and our society. The 30-year fixed mortgage made sense 50 years ago, but it's not always a fit for the homebuyers today. In a market with rising home costs, stagnating wages, and limited inventory, new answers must come from within our industry.
The Week Ahead
The Mortgage Bankers Association's Annual Convention & Expo is less than three weeks away.
Flexible Office Market Poised for Growth
The flexible office space market should grow significantly over the next decade as flex operators consolidate and forge financial partnerships with building owners, said CBRE, Los Angeles.
Dealmaker: JLL Arranges $428M for Mixed-Use, Multifamily Properties
JLL, Chicago, arranged $428 million to refinance a Manhattan skyscraper and a Texas mixed-use property.
MBA Accounting & Financial Management Conference in San Diego Nov. 19-21
The Mortgage Bankers Association's Accounting & Financial Management Conference takes place Nov. 19-21 at the Marriott Marquis San Diego Marina.
MBA Education Webinar: Navigating the LIBOR Transition Within the CRE Industry Oct. 8
MBA Education offers a free webinar, Navigating the LIBOR Transition Within the CRE Industry, on Tuesday, Oct. 8 from 2:00-3:30 p.m. ET.
MBA Expands Path to Diversity Scholarship Program Eligibility to Select Conferences
The Mortgage Bankers Association announced scholarships awarded under its popular Path to Diversity (P2D) Scholarship Program can now also be used towards six upcoming MBA conferences where attendees can obtain Continuing Professional Education (CPE), Continuing Legal Education (CLE) or Society of Human Resource Management (SHRM) credits. The scholarships were previously only available for courses offered by MBA Education.