You've heard, of NIMBY, of course--Not In My Back Yard. Turns out, there's also YIMBY--Yes, In My Back Yard. And in this case, YIMBY is something the Mortgage Bankers Association and other industry trade groups like.
Mortgage Rates Fall Back as Consumer Confidence Wavers
Washington Post, Sept. 26, 2019--Kathy Orton
Multifamily Lending Hit Record High in 2018
HousingWire, Sept. 26, 2019--Kelsey Ramirez
Robots Could Replace Loan Officers in the Future
Riverside Press-Enterprise (Calif.), Sept. 26, 2019--Jeff Lazerson
House Lawmakers Spar over CFPB Debt Collection Rule
American Banker, Sept. 26, 2019--Neil Haggerty (subscription)
Millennials Continue to Leave Big Cities
Wall Street Journal, Sept. 26, 2019--Janet Adamy, Paul Overberg (subscription)
U.S. Business Investment Downturn Could Pressure Slowing Economy
Reuters, Sept. 26, 2019--Lucia Mutikani
A Sound Mortgage Business Strategy
DS News, Sept. 26, 2019--Radhika Ojha
Court Approves Ditech's Sell-Off of Forward and Reverse Mortgage Businesses
HousingWire, Sept. 26, 2019--Ben Lane
GAO Calls for More Scrutiny of Reverse Mortgage Servicing
National Mortgage News, Sept. 26, 2019--Bonnie Sinnock (subscription)
August Pending Home Sales Rise 1.6%
Pending home sales increased in August, which the National Association of Realtors called a welcome rebound after previous declines. Each of the four major regions reported both month-over-month growth and year-over-year gains in contract activity.
Redfin: People Who Bought Homes in 2012 Have Earned $203 Billion in Equity
Redfin, Seattle, said people who bought a home at the bottom of the market in 2012 have earned a median $141,000, or 261%, in home equity since then.
Fitch: High Loan-to-Values to Drive US RMBS Losses With 'QM Patch' End
Fitch Ratings, New York, said high debt-to-income loans no longer eligible for purchase by Fannie Mae and Freddie Mac are likely to have higher loss levels if the loans also have high loan-to-values.
CRE Executives 'Cautiously Optimistic'
Commercial real estate executives remain cautiously optimistic about the U.S. CRE market despite concerns about a possible recession and global trade conflict, DLA Piper's Global Real Estate State of the Market survey reported.
Dealmaker: Madison Realty Capital Provides $116M in Dallas, New York
Madison Realty Capital, New York, provided two loans totaling $115.5 million in Dallas and Midtown Manhattan.
MBA Annual19 Comes to Austin, Texas Oct. 27-30
The Mortgage Bankers Association's Annual Convention & Expo takes place Oct. 27-30 at the Austin Convention Center in Austin, Texas.
MISMO Seeks Nominations for Standards Governance Committee Members; Nomination Deadline Today
MISMO seeks nominations for qualified industry professionals to serve on MISMO's Standards Governance Committees for a two-year term beginning in January. Positions are available on both the Residential and Commercial Standards Governance Committees. The nomination period ends today, Sept. 27.
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.