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Volume 18 | Issue 189 | Tuesday, October 01, 2019

The Lede

 

CoreLogic: August Home Prices Up 3.6%

CoreLogic, Irvine, Calif., said home prices rose by 3.6% annually in August, still somewhat slower than the hotter pace from a year ago.

 

Top National News

 
Fannie, Freddie Will Retain $45B in Capital in First Step Toward Privatization

National Mortgage News, Sept. 30, 2019-Hannah Lang (subscription)
Mortgage giants Fannie Mae and Freddie Mac will be permitted to retain a combined $45 billion worth of earnings, the Federal Housing Finance Agency announced Monday, after holding only small capital cushions of $3 billion each for seven years.

MBA Backs House Bill to Support Home Shortage and Affordability Hurdles

National Mortgage News, Sept. 30, 2019--Paul Centopani (subscription)
As the affordable housing crisis comes to a head, the Mortgage Bankers Association put up opposition to the "not in my backyard" mindset by getting behind the Yes, In My Backyard bill introduced by the House.

Mortgage Market Not Open to Risky Borrowers (Despite What Some Say)

HousingWire, Oct. 1, 2019--Kelsey Ramirez
Mortgage lenders are increasingly entering the non-qualified mortgage market, but does this mean we are going back to the old subprime days? The short answer: no. (MBA mention)

NFIP Extended Into November

National Mortgage Professional, Sept. 30, 2019--Phil Hall
President Trump has signed a continuing resolution that extends the National Flood Insurance Program until Nov 21.

Treasury Plan Keeps GSE Status Quo. For Now.

GlobeSt.com, Sept. 30, 2019--Paul Fiorilla
The Trump administration's recently announced plan to reform Fannie Mae and Freddie Mac allows the agencies leeway to continue multifamily lending at recent record levels at least until the end of 2020. The plan comes as somewhat of a surprise since members of the administration--particularly Federal Housing Finance Administration Director Mark Calabria--talked during the runup to the announcement about reigning in the GSEs' market share.

Data Aggregators Push Back Against Notion They Have a Fraud Problem

American Banker, Sept. 30, 2019--Penny Crosman (subscription)
Data aggregators and fintechs have taken heat in recent days on the subject of cybersecurity--and they say the criticism is unfair.

Residential Finance News

 
MBA Washington Report

In this week's Washington Report, MBA Associate Vice President of Legislative and Political Affairs Ernie Jolly discusses developments on Capitol Hill and in Washington, D.C.

First American: August Loan Defects Down by 4%

First American Financial Corp., Santa Ana, Calif., said its monthly Loan Application Defect Index fell by 3.9 percent in August from July and by 5.2 percent from a year ago.

ATTOM: Median-Priced Homes Remain Unaffordable in 74% of Housing Markets

ATTOM Data Solutions, Irvine, Calif., released its Q3 2019 U.S. Home Affordability Report, which shows that median home prices in the third quarter were not affordable for average wage earners in 371 of 498 U.S. counties analyzed in the report (74 percent).

Commercial/Multifamily News

 
Hotel Sector Faces Inflection Point

The U.S. hotel sector reported mostly positive results in its three main performance metrics during August, but some analysts say the sector faces an inflection point as its pipeline swells.

Dealmaker: Blackstone to Buy Colony Capital Logistics Assets for $5.9B

Blackstone affiliate Blackstone Real Estate Partners IX agreed to acquire Colony Industrial for $5.9 billion.

MBA News

 
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 Webinars Now Free to MBA Members

Beginning October 1, all MBA member companies in good standing will have more MBA benefits to celebrate, including complimentary access to all online education webinars and webinar recordings.

Upcoming MBA Education School of Mortgage Banking I Courses

MBA Education presents its popular School of Mortgage Banking Course I.

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.