On Tuesday, the Senate Banking Committee held a hearing, Housing Finance Reform: Next Steps, where both the recently released Treasury and HUD housing finance plans were discussed in depth. Treasury Secretary Steve Mnuchin, HUD Secretary Ben Carson, and FHFA Director Mark Calabria all testified.
This Was The Worst Week for Mortgage Rates in 3 Years--And it May Be Just The Beginning
CBNC, Sept. 13, 2019--Diana Olick
Banks Warm to Mortgage Bonds That Burned Them in 2008
Wall Street Journal, Sept. 16, 2019--Ben Eisen, Telis Demos (subscription)
How Once-Doomed Mortgage Giants Gained New Lease on Life
Wall Street Journal, Sept. 13, 2019--Andrew Ackerman, Nick Timiraos (subscription)
White House to Roll Out Tax Cut Plan Mid-2020
Reuters, Sept. 13, 2019--Richard Cowan
Trends in Vacation Homes
UExpress, Sept. 13, 2019--Lew Sichelman
One in Four of New York's New Luxury Apartments Is Unsold
New York Times, Sept. 13, 2019--Stefanos Chen
Autonomous Cars on a Crash Course with the Real Estate Industry
RE Journals, Sept. 13, 2019--Michael Zaransky
MBA, Trade Groups Urge FHA to Move Forward on Certification Statements
The Mortgage Bankers Association and three other industry trade groups sent a letter to HUD, urging it to move forward with proposed amendments to FHA lender annual certification statements.
ATTOM: August Foreclosure Activity Down 24%, 14th Consecutive Monthly Decline
ATTOM Data Solutions, Irvine, Calif., reported 53,007 U.S. properties with foreclosure filings in August, up by 4 percent from July but down 24 percent from a year ago.
The Week Ahead
CHICAGO--MBA NewsLink comes to you this week from the Mortgage Bankers Association's Risk Management, Quality Assurance and Fraud Prevention Forum.
MBA Chart of the Week: Commercial/Multifamily Originations Forecast
The Mortgage Bankers Association forecasts commercial and multifamily mortgage bankers will close a record $652 billion of loans backed by income-producing properties this year, 14 percent higher than last year's record volume ($574 billion).
FHFA Increases Fannie Mae, Freddie Mac Multifamily Caps
The Federal Housing Finance Agency on Friday revised its cap structure on Fannie Mae and Freddie Mac's multifamily businesses.
Dealmaker: Deutsche Bank Lends $60M for Calif. Resort
Passport Resorts, Sausalito, Calif., refinanced luxury resort Post Ranch Inn in Big Sur, Calif., in a $60 million transaction.
MBA Regulatory Compliance Conference 2019 in Washington Sept. 22-24
The Mortgage Bankers Association's annual Regulatory Compliance Conference takes place Sept. 22-24 at the Grand Hyatt in Washington, D.C. Early registration deadline is Monday, Aug. 12.
MBA Education Free Webinar: Mortgage Accounting II: Loan Level Accounting Sept. 18
MBA Education presents a free webinar, Mortgage Accounting II: Loan Level Accounting Register Now, on Wednesday, Sept. 18 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.