MBA last week submitted recommendations to the Consumer Financial Protection Bureau on how best to replace the GSE Patch and reform the Qualified Mortgage standard. Additionally, MBA submitted comments to Ginnie Mae on a new stress-testing framework designed to assess the financial performance of non-depository Issuers across varying economic scenarios.
U.S. Housing Supply a 'Major Challenge' Says Former Fannie Mae CEO
Bloomberg News, Sept. 20, 2019
Fed Officials Explain Dissents From Rate Cut
Wall Street Journal, Sept. 20, 2019--Paul Kiernan, Michael S. Derby (subscription)
Zillow Partners with Homebuilders to Marry iBuying and Newly Built Home Buying
HousingWire, Sept. 20, 2019--Ben Lane
More Baby Boomers Are Living in Multigenerational Housing
Bloomberg, Sept. 20, 2019--Arianne Cohen
The Housing Scene
UExpress, Sept. 20, 2019--Lew Sichelman
Fannie, Freddie Poised to Keep Profits in an Initial Privatization Move
Wall Street Journal, Sept. 22, 2019--Andrew Ackerman (subscription)
The Future of Digital Mortgages: 'It's a Little Bit Like Burger King'
National Mortgage News, Sept. 20, 2019--Paul Centopani (subscription)
Trump's Fed Tweets Shown to Have ‘Significant' Effect on Trading
Bloomberg, Sept. 23, 2019--Simon Kennedy
MBA Chart of the Week: New Home Purchase Applications
MBA's Builder Application Survey tracks mortgage applications taken by lenders affiliated with, or who work in cooperation with, home builders on the purchase of new single family homes. This week's chart highlights the strength we have seen in the homebuilding sector thus far in 2019.
Housing Market Reports: RE/MAX, Zillow, Redfin, Fitch
Here's a summary of some housing market reports that came over the wire in the past few days, from RE/MAX, Zillow, Redfin and Fitch Ratings.
The Week Ahead
The Mortgage Bankers Association releases three reports this week. This morning, the MBA 2nd Quarter Commercial/Multifamily Delinquency Report comes out. On Wednesday, Sept. 25, MBA releases its Weekly Applications Survey. And on Thursday, Sept. 26 MBA releases its 2018 Multifamily Lending Report. MBA NewsLink will provide coverage.
Emerging Trends in Real Estate: Investors Still Favor U.S. CRE
U.S. commercial real estate remains a favored asset class even as economic uncertainty looms, said the Urban Land Institute and PwC.
Greystone, New York, closed a $600 million commercial real estate collateralized loan obligation backed exclusively by bridge loans on primarily multifamily properties.
Dealmaker: New York Life Real Estate Investors Originates $484M
New York Life Real Estate Investors, New York, originated $484.2 million to finance a large industrial portfolio and an Atlanta office property.
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.
Apply Now for MBA Path to Diversity Scholarship Program
The Path to Diversity Scholarship Program recognizes existing industry professionals who are seeking to advance their careers through continuing education. Recipients receive a voucher to cover course registration fees, up to a maximum of $2,000, for popular MBA Education courses and designation programs.
Make Your Voice Heard through MBA Mortgage Action Alliance
The Mortgage Action Alliance is a voluntary, non-partisan and free nationwide grassroots lobbying network of real estate finance industry professionals, affiliated with the Mortgage Bankers Association.