The Mortgage Bankers Association yesterday released a White Paper outlining the nature of practical impact of the current application of Davis-Bacon Act requirements that unnecessarily impede the creation of affordable rental housing and housing preservation under HUD/FHA-financed construction and rehabilitation projects.
Weekly Mortgage Refinances Jump 10% as Rates Drop to the Lowest Level Since August
CNBC, Oct. 9, 2019--Diana Olick
Altisource to Wind Down FSBO Real Estate Platform Owners.com
National Mortgage News, Oct. 9, 2019--Bonnie Sinnock (subscription)
Mortgage Costs Outpaced by Drop in Interest Rates
Wall Street Journal, Oct. 10, 2019--Ben Eisen (subscription)
Agencies Finalize Changes to Volcker Rule
National Mortgage Professional, Oct. 9, 2019--Phil Hall
FEMA May Have to Buy Milions of Homes Due to Climate Crisis
National Mortgage News, Oct. 9, 2019
VA Refunds More than $400 Million in Loan Fees
Housing Wire, Oct. 9, 2019--Kathleen Howley
Fed Officials Last Month Worried Trade War Could Curb Hiring, Consumer Spending
Wall Street Journal, Oct. 9, 2019--Nick Timiraos (subscription)
mPower Moments: Chris Boyle of Freddie Mac on Inclusive Environments
In this installment of mPower Moments, mPower Founder Marcia M. Davies sits down with Chris Boyle, Freddie Mac Chief Client Officer, to discuss the importance of creating an inclusive environment in the financial services industry, and how Freddie Mac is championing women's rights and leadership opportunities through its #LeadingtheWay initiative.
MBA Mortgage Market Update
MBA Vice President of Public Affairs Rob Van Raaphorst breaks down the MBA Weekly Applications Survey for the week ending Oct. 4.
Jon Forrester of Valuation Partners on Appraisal Industry Innovations
Jon Forrester of Valuation Partners on Appraisal Industry Innovations.
Zillow: Latinx Homeownership Rate 'Decades Away' From Catching Up With Whites
The nation's Latinx population is buying homes are a higher rate than the overall U.S. population, beginning to close a gap between the Hispanic and white homeownership rate that has tripled since the start of last century. But despite these recent gains, the homeownership gap between Latinx and whites will take "decades" to close at the current pace, said Zillow Inc., Seattle.
Slow But Steady Retail Sector Growth
The retail sector is "shrugging off" bad news and slowly growing, reported Reis, New York.
Dealmaker: CIT Arranges $174M for Multifamily, Assisted Living
CIT Group, New York, provided a $56 million senior secured mortgage loan on Bel Air Las Colinas Apartments, a 515-unit Irving, Texas multifamily property.
CREF 2020 Feb. 9-12 in San Diego
The Mortgage Bankers Association's Commercial Real Estate Finance/Multifamily Housing Convention & Expo 2020 takes place Feb. 9-12 at the Manchester Grand Hyatt in San Diego.
Call for Speakers: MBA Whole Loan Trading Workshop (Deadline Oct. 21)
The Mortgage Bankers Association hosts its annual Whole Loan Trading Workshop on Wednesday, Dec. 4 in Phoenix. MBA invites potential speakers/panelists to submit presentations--deadline is Oct. 21.
Upcoming MBA Education School of Mortgage Banking III Courses
MBA Education presents its School of Mortgage Banking Course III, with sessions scheduled for this fall and winter.