Many agencies dropped significant rulemakings at the end of July that are keeping MBA staff hard at work on numerous comment letters--the QM Patch; Ginnie Mae stress testing; the HUD Disparate Impact rule; and the revised FHA Annual Certification, to name a few. And we continue to wait on the public release of the administration's blueprint on housing finance.
Mortgage Lenders Saw Average Profit Per Loan Rise in the Second Quarter
Mortgage Orb, Aug. 30, 2019--Patrick Barnard
HW 2019 Insider: Alicia Roundy
HousingWire, Sept. 3, 2019
10 Steps to Housing Finance Reform
MReport, Sept. 1, 2019--Brian O'Reilly
Measuring Increases in Mortgage Debt
MReport, Aug. 30, 2019--Seth Welborn
U.S. Mortgage Originations Fell 12.6% Last Year Amid Higher Rates
Reuters, Aug. 30, 2019--Howard Schneider
Risky Seller Financing Flourishes Where Homes Are Cheapest
Wall Street Journal, Aug. 30, 2019--Ben Eisen (subscription)
Odd Lots: Cash, Apocalypse, Worries
UExpress, Aug. 30, 2019--Lew Sichelman
MBA Chart of the Week: IMB Quarterly Pre-Tax Net Production Profits
Seasonality is part of the mortgage business. Based on MBA's Quarterly Mortgage Bankers Performance Report (the second quarter 2019 report was released this week), independent mortgage banks tend to have higher profitability in the second and third quarters of the year because of the onset of the spring home buying season and subsequent increase in purchase volume.
STRATMOR: Online Testimonials More Valuable to Lenders in Middle of Sales Process than at Start
STRATMOR Group, Greenwood Village, Colo., said as competition for the mortgage borrower's business heats up, a growing number of lenders are looking to online testimonials to help bring in sales--but for those testimonials, timing is everything.
The Week Ahead
Welcome back from the Labor Day holiday and welcome to the unofficial start to fall. Put you white shoes away until next Memorial Day.
CRE Properties Make Energy-Efficiency Progress
The commercial real estate industry has made significant progress over the past 10 years in reducing carbon emissions and energy consumption while increasing asset value, reported the Urban Land Institute, Washington, D.C.
Dealmaker: MetLife Loans $308M on Office, Multifamily Assets
MetLife, New York, provided $308 million for office and apartment properties in Utah, Seattle and New York.
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.
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