Mortgage News Daily, Dec. 5, 2019–Jann Swanson The Mortgage Bankers Association’s (MBA’s) Mortgage Credit Availability Index moved significantly higher in November, gaining 2.1 percent compared to October. http://www.mortgagenewsdaily.com/12052019_mba_mcai.asp
Category: Top National News
Multifamily Delinquencies Remain at Record Lows in Q3
HousingWire, Dec. 5, 2019–Kelsey RamirezCommercial and multifamily mortgage delinquencies remained at record lows in the third quarter, according to the Mortgage Bankers Association’s latest Commercial/Multifamily Delinquency Report.https://www.housingwire.com/articles/multifamily-delinquencies-remain-at-record-lows-in-q3/
Chinese Investment in U.S. Commercial Real Estate Is Plunging (subscription)
Wall Street Journal, Dec. 5, 2019–Natalie WongChinese investment in U.S. commercial property is plunging as restrictions on capital leaving the country and geopolitical tensions weigh on real estate deals.https://www.bloomberg.com/news/articles/2019-12-05/chinese-investment-in-u-s-commercial-real-estate-is-plunging
Mortgage Rates Settle After an Up-and-Down Week
Washington Post, Dec. 5, 2019–Kathy OrtonMortgage rates leveled off after a week of being pushed up and pulled down by mixed economic data and pessimism surrounding the U.S.-China trade talks. …
House Democrats Implore Regulators to Get in Sync on CRA
American Banker, Dec. 4, 2019–Neil Haggerty (subscription)House Democrats on Wednesday criticized the apparent decision by two federal banking regulators to move forward with a proposal to revamp the Community Reinvestment …
CFPB, FTC to Hold Workshop on Credit Report Accuracy
National Mortgage Professional, Dec. 4, 2019–Phil HallThe Consumer Financial Protection Bureau and the Federal Trade Commission will host a workshop on Dec. 10 focusing on issues that impact the accuracy …
Regulators See Nonbank Mortgage Firms as Potential Risk to U.S. Financial System
Wall Street Journal, Dec. 4, 2019–Andrew Ackerman (subscription)The Financial Stability Oversight Council, in a report released Wednesday, highlights mortgage companies as a potential vulnerability for the first time, Treasury officials …
‘Building a Pipeline’ to Diversity & Inclusion
MReport, Dec. 4, 2019Lisa Haynes, SVP, CFO, Chief Diversity and Inclusion Officer with the Mortgage Bankers Association, discussed diversity and inclusion with MReport, and noted she has seen significant improvements. …
U.S. Services Sector, Private Payrolls Growth Slows
Reuters, Dec. 4, 2019–Lucia MutikaniThe continued manufacturing slump and second straight monthly drop in construction outlays tempered growth expectations for the fourth quarter, which had been boosted by a rush …
Quarles Concedes Fed Might Be Part of the Problem in Repo Crunch
Bloomberg, Dec. 4, 2019–Jesse HamiltonVice Chairman Randal Quarles agreed Wednesday that Fed supervisors have potentially created an impression that banks should prize cash reserves over stockpiled Treasuries when the firms …