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Volume 18 | Issue 194 | Tuesday, October 08, 2019

The Lede

 

September Mortgage Credit Availability Post Modest Increase

Mortgage credit availability increased in September, the Mortgage Bankers Association reported this morning.

 

Top National News

 
Confidence in Housing Weakens Just as Homes Become More Affordable

CNBC, Oct. 7, 2019--Diana Olick
Consumer sentiment on housing fell in September from its August high, according to a monthly survey from Fannie Mae.

No Mortgage: Single-Family Homes Built to Rent, Not to Buy

NPR, Oct. 7, 2019--Chris Arnold
In the past year, developers around the country built more than 40,000 homes as single-family rentals.

Why the U.S. Needs a New Vision for Affordable Housing

Knowledge@Wharton, Oct. 7, 2019
The Knowledge@Wharton podcast interviewed University of Pennsylvania Professor Vincent Reina about improving housing affordability and fairness for renters and owners.

Ruling Cuts Short Debt Collectors' Victory Lap over CFPB Proposal

National Mortgage News, Oct. 7, 2019--Kate Berry (subscription)
Debt collectors notched a victory when the Consumer Financial Protection Bureau proposed allowing more use of electronic communication. But industry lawyers are worried a recent court decision could thwart that plan.

The End of Libor: The Biggest Banking Challenge You've Never Heard Of

Reuters, Oct. 8, 2019--Sinead Cruise, Lawrence White
Replacing Libor is proving expensive and tricky with concerns that, if mishandled, it could trigger credit market confusion and waves of lawsuits, finance industry sources said.

Residential Finance News

 
Jim Paolino of Lodestar Software Solutions on the 'Slow Crawl' Digital Revolution

Jim Paolino grew up in the mortgage industry, learning the ropes with his family title agency. At age 26, he founded LodeStar Software Solutions, which has become a national provider of compliance data for the mortgage and title insurance industries.

Black Knight: Lower Interest Rates Boost Home Affordability to Three-Year High

Black Knight, Jacksonville, Fla., said low interest rates reduced the national median income to make monthly principal and interest payments on the average-priced home in September to the most affordable level in three years.

Residential Briefs

DIMONT, Dallas, announced Fort Mill, SC-based ServiceMac selected DIMONT's Collateral Loss Mitigation platform to further complement its Special Servicing product offering.

Commercial/Multifamily News

 
Apartment Occupancy, Rents Rise

RealPage, Richardson, Texas, reported U.S. apartment occupancy approached a record level in the third quarter.

Dealmaker: Blackstone Affiliate Purchases Hyatt Regency Atlanta for $355M

Hyatt Hotels Corp., Chicago, sold the Hyatt Regency Atlanta hotel on Peachtree Street in downtown Atlanta for $355 million.

MBA News

 
Keith Urban Highlights Concert MBA at Annual 19

Keith Urban, 2018 Country Music Association and Academy of Country Music Entertainer of the Year and four-time Grammy Award winner, highlights Concert MBA at Annual19, the Mortgage Bankers Association's Annual Convention & Expo, Oct. 27-30 in Austin, Texas.

MBA Education Webinar: Navigating the LIBOR Transition Within the CRE Industry Today

MBA Education offers a free webinar, Navigating the LIBOR Transition Within the CRE Industry, today, Oct. 8 from 2:00-3:30 p.m. ET.

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.