Mortgage applications fell last week as interest rates crept back above 4 percent, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending September 20.
Commercial Delinquencies Should Remain Low Despite Economic Worry: MBA
National Mortgage News, Sept. 24, 2019--Brad Finkelstein (subscription)
Low Rates Will Push Mortgage Originations to 3-Year High, MBA Says
HousingWire, Sept. 24, 2019--Kathleen Howley
5 Changes Lenders Want from CFPB's Rewrite of QM Rule
American Banker, Sept. 24, 2019--Hannah Lang (subscription)
Banks Counting on GSE Reform to Stop Mortgage Share Erosion
National Mortgage News, Sept. 24, 2019--Andy Peters (subscription)
Freddie Mac Tests Underwriting Software That Could Boost Mortgage Approvals
Wall Street Journal, Sept. 24, 2019--AnnaMaria Andriotis (subscription)
Average Mortgage Payments Slide for First Time in Years
The Mortgage Reports, Sept. 24, 2019--Aly J. Yale
FHFA: Home-Price Gains in July Were Second-Smallest in 4 Years
HousingWire, Sept. 24, 2019--Alcynna Lloyd
U.S. Consumer Confidence Plunges in September
Reuters, Sept. 24, 2019--Howard Schneider
CoreLogic: 2Q Negative Equity Share Falls to 3.8%
CoreLogic, Irvine, Calif., said U.S. homeowners with mortgages saw their equity increase by 4.8% year over year, representing a gain of nearly $428 billion from a year ago.
S&P Case-Shiller Home Prices Unchanged
The S&P CoreLogic Case-Shiller Indices report for July showed the rate of home price increases across the U.S. continues to slow. The National Home Price NSA Index reported a 3.2% annual gain in July, unchanged from June.
Ellie Mae: Refinances Soar as 30-Year Note Rate Declines
Ellie Mae, Pleasanton, Calif., said drops in 30-year interest rates for the eighth consecutive month drove up the percentage of refinances in August.
Multifamily Market Sees Rent, Occupancy Growth
The multifamily market's healthy growth continues, shown by continued not-too-fast, not-too-slow rent and occupancy growth.
Dealmaker: Deal Mesa West Capital Funds $72M Loan for Texas Office
Mesa West Capital, Los Angeles, provided affiliates of fund manager Equus Capital Partners $72.1 million in short-term debt to acquire, reposition and stabilize Legacy Place in Plano, Texas.
MBA Opens Doors Foundation Partners with Better.com on 'Lender Challenge'
In support of the MBA Opens Doors Foundation, Better.com launched a "Lender Challenge," asking companies to join them in donating $10 per loan closed, each month for six months.
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.
Upcoming MBA School of Mortgage Banking II Courses
MBA Education presents its popular School of Mortgage Banking Course II.
MBA Education Foundational Elements of Mortgage Servicing Rights Workshop in San Diego Nov. 19
MBA Education presents Foundational Elements of Mortgage Servicing Rights Workshop, at the Marriott Marquis San Diego Marina on Tuesday, Nov. 19 in conjunction with the MBA Accounting and Financial Management Conference.