Home equity loan debt outstanding and borrower utilization rates declined in 2018, and mortgage lenders anticipate mixed activity this year and only modest increases in originations in 2020, the Mortgage Bankers Association reported yesterday.
Lenders See Mortgage Profits Skyrocket to Highest Levels in Three Years
Houston Chronicle, Sept. 3, 2019--R.A. Schwartz
Survey: Expect the Fed to Cut Rates at Least Two More Times This Year
Bankrate.com, Sept. 4, 2019--Sarah Foster
Ready to Refi? Expect It to Take Some Time
WTOP (Washington, D.C.), Sept. 3, 2019--Jeff Clabaugh
Mortgage Lenders' Tolerance of High DTIs May Not Get Much Higher
National Mortgage News, Sept. 3, 2019--Bonnie Sinnock (subscription)
Has Removing Tax Lien Data from Credit Records Led to More Bad Loans?
American Banker, Sept. 3, 2019--Penny Crosman (subscription)
Overseas Investors Unload U.S. Real Estate
Wall Street Journal, Sept. 3, 2019--Esther Fung (subscription)
U.S. Manufacturing Gauge Contracts for First Time in Three Years
Bloomberg, Sept. 3, 2019--Reade Pickert
Mortgage Applications Dip Again in MBA Weekly Applications Survey
Mortgage applications fell again from one week earlier despite another decrease in mortgage interest rates, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending August 30.
MISMO Releases New Industry Loan Application Dataset
MISMO®, the mortgage industry standards organization, released its new Industry Loan Application Dataset, a compendium of data points included in the new Uniform Residential Loan Application--the government-sponsored enterprises' new Automated Underwriting System interfaces, as well as the existing Fannie Mae 3.2 file.
CoreLogic: Home Price Appreciation Picking Up
CoreLogic, Irvine, Calif., released its Home Price Index and HPI Forecast for July, which showing home prices rose both year over year and month over month.
Tracking Potential Multifamily Risks
Multifamily fundamentals remain healthy, demonstrated by record second quarter absorption. But the sector faces some threats, analysts said.
Dealmaker: Berkadia Completes $33M Sale; Secures $27M for Michigan Multifamily
Berkadia completed the sale of and secured financing for Hillside Forest, a garden-style multifamily property in Oakland County, Mich.
MBA Risk Management, QA and Fraud Prevention Forum in Chicago Sept. 15-17
The Mortgage Bankers Association's Risk Management, QA and Fraud Prevention Forum takes place Sept. 15-17 at the Sheraton Grand Chicago.
Upcoming MBA Education School of Mortgage Banking I Courses
MBA Education presents its popular School of Mortgage Banking Course I this summer and fall.
MBA Education/Compliance Essentials Managing the Risks of CFPB and State Examinations Sept. 15
MBA Education and Compliance Essentials present a workshop, Managing the Risks of CFPB and State Examinations, on Sunday, Sept. 15 at the Sheraton Grand Chicago, in conjunction with the MBA Risk Management, QA and Fraud Prevention Summit.