The Lede
Top National News
Mortgage Investors Don’t Think Fed’s Exit Means Goodbye Forever
Bloomberg, Aug. 17, 2018--Christopher Maloney"Once the Fed crossed the Rubicon into QE, they are never going to go back," according to Walt Schmidt, head of MBS research at FTN Financial, whose advisory group has $17 billion in agency mortgage-backed securities and collateralized mortgage obligations under management.
Full Story
Trump Asks SEC to Study Six-Month Reporting for Public Companies
Wall Street Journal, Aug. 17, 2018--Dave Michaels, Michael Rapoport (subscription)President Trump on Friday said he asked the Securities and Exchange Commission to consider scaling back how often public companies report results to investors, citing business leaders who say it could promote growth.
Full Story
Inside the Scandal that Could Explode Multifamily Real Estate
HousingWire, Aug. 17, 2018--Ben LaneEverything is going swimmingly in multifamily real estate these days, right? Rents keep rising, construction is still chugging along, deals are being made, and delinquencies are still at historic lows. So everything's good, right? Maybe not.
Full Story
U.S. Consumer Sentiment Hits 11-Month Low, Inflation in Focus
Reuters, Aug. 17, 2018--Lucia MutikaniU.S. consumer sentiment fell to an 11-month low in early August, with households expressing concerns about the rising cost of living, potentially signaling a slowdown in consumer spending.
Full Story
Escrow Accounts: A Necessary Evil
UExpress, Aug. 17, 2018--Lew SichelmanMost lenders require escrow accounts to make sure these bills are paid on time, thereby reducing the risk that you will default on the mortgage or incur liens on the property. Either of those possibilities will place a cloud on your title, making the property more difficult to sell--by you or the bank, should it have to foreclose.
Full Story
Freddie Mac Joins Rental-Home Boom
Wall Street Journal, Aug. 18, 2018--Ryan Dezember (subscription)Freddie Mac is expanding its role in financing one of Wall Street's postcrisis success stories: the booming business of investing in single-family rental houses.
Full Story
No Mortgage Firms Among 100 Fastest Growing
Mortgage Daily, Aug. 17, 2018--Sam GarciaAlthough there were several real estate companies on the list of this year's 100 fastest-growing firms, there were no mortgage-related firms and very few financial services businesses.
Full Story
2018-2019 Home Lending Outlook Cut By $26 Billion
Mortgage Daily, Aug. 17, 2018The forecasted volume of residential loans to be originated this year and next year has been reduced by $26 billion. Home purchase financing took the biggest hit.
Full Story
Residential Finance News
Commercial/Multifamily News
MBA News
Upcoming MBA Education School of Mortgage Banking I Courses
MBA Education presents its popular School of Mortgage Banking Course I this summer in Arlington, Va.; Atlanta; and Dallas.
Full Story