The Lede
Top National News
Cash-Out Mortgage Refis are Back. Will Homes Become ATMs Again?
MarketWatch, Mar. 30, 2018--Andrea RiquierAs of the fourth quarter of last year, the share of all refinances that were cash-outs rose to the highest since 2008, according to Freddie Mac data. Rates have churned higher since the presidential election in late 2016, though they spent much of 2017 reversing the immediate post-election surge.
Full Story
CFPB Wants Your Input on Its Guidance and Implementation Support
HousingWire, Mar. 30, 2018--Kelsey RamirezThe bureau is seeking comments and information from interested parties to assist in assessing the overall effectiveness and accessibility of its guidance materials and activities, including implementation support.
Full Story
Watchdog: FHA Incorrectly Insured $1.9 Billion in Mortgages in 2016
HousingWire, Mar. 30, 2018--Ben LaneThe report, published recently by the HUD Office of Inspector General, found that in 2016, the FHA insured an estimated 9,507 borrowers who were actually ineligible for FHA insurance because the borrowers had either delinquent federal debt or who were subject to federal administrative offset for delinquent child support.
Full Story
Why Consumer Protection Regulation is Necessary–But Often Useless
HousingWire, Mar. 30, 2018--Sarah WheelerThe TILA-RESPA Integrated Disclosure rule was conceived as part of the Consumer Financial Protection Bureau's noble goal of giving consumers information about their total loan costs before they signed documents that bound them in a 30-year contract. But for all the good intentions behind this rule, it's just not practical.
Full Story
Odd Parcels: Home Sizes, Apocalypse Signs, Wood Heat, Aging
UExpress, Mar. 30, 2018--Lew SichelmanAccording to preliminary data from the Census Bureau, the square footage of new single-family homes in last year's final quarter continued its downward trend after years of marching ever higher.
Full Story
Fannie Leads Agency MBS Issuance to New 2-Year Low
Mortgage Daily, Apr. 2, 2018A month-over-month decline to a new 2-year low in agency issuance was led by Fannie Mae, even though Ginnie Mae's securitizations fell to a three-year low.
Full Story
Constr Lending Execs Among Mortgage Appointments
Mortgage Daily, Apr. 2, 2018--Sam GarciaIn addition to senior management appointments at several mortgage banking organizations, two companies have hired executives to head up their construction lending divisions.
Full Story
Mall Vacancies Reach Six-Year High as Retail Slump Batters Local Economies
Wall Street Journal, Apr. 1, 2018--Peter Grant (subscription)Empty space in regional shopping malls reached a six-year high in the first quarter, adding further stress to regions being hit by a retail earthquake that is shaking up the job market across the U.S.
Full Story
As China Puts the Brakes on Overseas Investment, Los Angeles’ Development Boom Takes a Hit
Los Angeles Times, Apr. 1, 2018--Roger VincentLast year, Chinese investors interested in buying or developing property in Southern California peppered World Trade Center Los Angeles officials with questions about how best to break into the market. But questions such as those have nearly ceased as China's feared pullback from overseas investments has been borne out.
Full Story
Residential Finance News
Commercial/Multifamily News
MBA News
NAMMBA CONNECT in Atlanta Apr. 12-14
The National Association of Minority Mortgage Bankers of America will hold its annual CONNECT Conference in Atlanta Apr. 12-14.
Full Story
MBA Education Closing With Confidence Webinar Series Begins Apr. 11
MBA Education presents a three-part webinar series, Closing with Confidence, beginning Wednesday, Apr. 11 and continuing on Apr. 18 and 25 from 2:00-3:30 p.m. ET.
Full Story
MBA National Advocacy Conference Apr. 24-25
The Mortgage Bankers Association's annual National Advocacy Conference takes place Apr. 24-25 at the Capital Hilton in Washington, D.C.
Full Story
NAMMBA CONNECT in Atlanta Apr. 12-14
The National Association of Minority Mortgage Bankers of America will hold its annual CONNECT Conference in Atlanta Apr. 12-14.
Full Story
NAMMBA CONNECT in Atlanta Apr. 12-14
The National Association of Minority Mortgage Bankers of America will hold its annual CONNECT Conference in Atlanta Apr. 12-14.
Full Story