HousingWire, Sept. 5, 2017–Kelsey RamirezThe Mortgage Bankers Association announced MISMO, the mortgage industry standards maintenance organization, is requesting feedback from the mortgage industry on its new closing instruction industry standards.
Category: Top National News
Kashkari Says Fed May Have Harmed U.S. Economy With Rate Hikes
Bloomberg, Sept. 5, 2017–Matthew BoeslerFederal Reserve interest-rate increases may be “doing real harm” to the U.S. economy, which would help explain why inflation is low and job growth has slowed, said Minneapolis Fed President Neel Kashkari, one of the central bank’s most dovish policy makers.
Mobile Apps for Appraisals, Credit, Originations
Mortgage Daily, Sept. 5, 2017–Sam GarciaMortgage service providers have launched or updated mobile applications to help with appraisals, credit reports and production. A pair of reports offer insight into mobile technology.
Compliance Services for HMDA, ATR, Day 1 Certainty
Mortgage Daily, Sept. 5, 2017–Sam GarciaNew and upgraded offerings recently unveiled by service providers promise to help lenders comply with the Home Mortgage Disclosure Act, the Ability to Repay rule and Fannie Mae’s Day 1 Certainty initiative.
Working for Women
DS News, Sept. 4, 2017–Rachel WilliamsThe disparity between men and women in leadership positions and compensation is one of the most pressing issues facing the financial services sector today.
Mortgage-Backed Securities Market Heats Up
Wall Street Journal, Sept. 5, 2017–Peter Grant (subscription)Banks and other underwriters of commercial mortgage-backed securities are on track to issue more notes in September than any other month this year.
Real Estate Firm Says Malls Need a New Business Model
Wall Street Journal, Sept. 5, 2017–Esther Fung (subscription)Malls need to shift emphasis away from department stores and toward retailers that are less susceptible to competition from e-commerce, according to a report from real estate services firm CBRE Research.
Affordability in Question: The National Flood Insurance Program Needs $1.4 Billion More to Function
HousingWire, Sept. 5, 2017–Brena SwansonAs the expiration date of the National Flood Insurance Program draws nearer, the Congressional Budget Office, a nonpartisan analysis for the U.S. Congress, calculated that the program has an expected one-year shortfall of $1.4 billion.
Multifamily REITs Pour Money into New Development
National Real Estate Investor, Sept. 5, 2017–Bendix AndersonMultifamily real estate investment trusts keep building new apartments and the analysts who track the companies are getting worried.
Why Housing is The ‘One Concern’ Among a Bounty of Positive Economic Indicators
CNBC, Sept. 1, 2017–Rebecca Ungarino In a week that’s already seen a slew of healthy economic data releases, housing appears to be a blemish on an overall strong economic backdrop.