Despite the lowest interest rates in three years and a resulting uptick in refinancing--the Mortgage Bankers Association last week reported refinance application activity was 180 percent higher than a year ago--several reports said the rate drop doesn't appear to be having the desired effect on housing activity.
First American: Increasing Tenure Length Dampening Home Sales
Demand for existing homes is strong, but one can't buy what's not for sale, said First American Financial Corp., Santa Ana, Calif.
Black Knight First Look: July Prepayment Activity Hits Highest Level Since 2016
Black Knight, Jacksonville, Fla., said national delinquency rates fell in July as prepayment activity jumped to its highest level in nearly three years.
Millennial Home Buyers Increasing, But Still Face Barriers
Despite increases in Millennial participation in the home-buying market, two reports suggest Millennials continue to face barriers that impede their entry into the market.
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.
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.
MBA Education Advanced Risk Management Concepts Workshop in Chicago Sept. 15
MBA Education presents a special edition of its Advanced Risk Management Concepts Workshop on Sunday, Sept. 15 in conjunction with the MBA Risk Management, Quality Assurance and Fraud Prevention Forum in Chicago.
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.
The Inverted Yield Curve is Doing Something Weird to Mortgage Rates
CNBC, Aug. 22, 2019--Diana Olick
Fannie and Freddie Plan Is Likely Released Next Month
Wall Street Journal, Aug. 21, 2019--Andrew Ackerman (subscription)
A Primer on the Future of Fannie, Freddie
Wall Street Journal, Aug. 27, 2019--Andrew Ackerman (subscription)
6 Banking Issues to Watch When Congress Reconvenes
American Banker, Aug. 26, 2019--Neil Haggerty, Joe Adler (subscription)
Phone Companies Ink Deal With All 50 States And D.C. To Combat Robocalls
NPR, Aug. 22, 2019--Brakkton Booker
Mortgage Debt Has Peaked. Why Has the Share of Homeowners with a Mortgage Fallen to a 13-Year Low?
Urban Institute, Aug. 20, 2019--Michael Neal
As U.S. Watchdog Retreats, Mortgage Firms Reprise Cozy Marketing Arrangements
Reuters, Aug. 22, 2019--Katanga Johnson, Michelle Price
Mortgage Market Reopens to Risky Borrowers
Wall Street Journal, Aug. 21, 2019--Ben Eisen (subscription)
Regulators Aren't Done Rolling Back Volcker Rule
American Banker, Aug. 25, 2019--Hannah Lang (subscription)
Regulators Scrap Proposed Volcker Rule Compliance Standard
American Banker, Aug. 20, 2019--Hannah Lang (subscription)
Citigroup, Credit Suisse Re-Enter Risky Home Loans Market
Yahoo! Finance, Aug. 21, 2019
Study: Upping the VA Home Loan Funding Fee is a Bad Move
National Mortgage Professional, Aug. 20, 2019--Phil Hall
Freddie Mac Updates Servicing Data Corrections, Modifications Policies
National Mortgage News, Aug. 20, 2019--Bonnie Sinnock (subscription)
Mortgage REITs Were Doing Great--Until the Yield Curve Inverted
The Real Deal, Aug. 20, 2019--Rich Bockmann
Santandar Bank Cuts Back on Its Mortgage Business
Philadelphia Inquirer, Aug. 20, 2019--Joseph N. DiStefano
Most Homeowners Underestimate Hurricane-Related Damage Costs
National Mortgage Professional, Aug. 21, 2019--Phil Hall
RMBS Trustees Worry that Consent Process Will Slow Down Libor Switch
National Mortgage News, Aug. 21, 2019--Brad Finkelstein (subscription)
Here's Why You Might Want to Rethink Getting an Adjustable-Rate Mortgage
CNBC, Aug. 26, 2019--Sarah O'Brien
Millennial Mortgage Debt Levels Could Soon Top All Other Generations
National Mortage News, Aug. 23, 2019--Elina Tarkazikis (subscription)
FICO Scores for Refi Borrowers Reach Six-Year High, Ellie Mae Says
HousingWire, Aug. 26, 2019--Kathleen Howley