The Lede
Top National News
Trouble in Housing? It’s More 1994 Than 2007
Bloomberg, Dec. 14, 2018--Conor SenThe U.S. can't reprise the last downturn: This time there are strict lending standards and tight housing stock.
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MBA: Commercial, Multifamily Mortgage Debt Just Hit All-Time High
HousingWire, Dec. 14, 2018--Ben LaneAccording to newly released data from the Mortgage Bankers Association, outstanding commercial and multifamily mortgage debt climbed to a record high of $3.32 trillion in the third quarter, topping the previous high of $3.27 trillion, which was set in the previous quarter.
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Here’s What Mortgage Rates Will Do Next Year, From the People Who Usually Get it Wrong
MarketWatch, Dec. 14, 2018--Andrea RiquierRates for home loans have spent the past decade or so doing anything but what's expected of them. (MBA mention)
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Zumper: The American Dream of Homeownership Fades
HousingWire, Dec. 14, 2018--Alcynna LloydAs 2018 comes to an end, Zumper, a rental listing site, has revealed that for many Americans, the dream of homeownership is fading.
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Residents Increasingly Fleeing New York, Los Angeles and Chicago
Bloomberg, Dec. 14, 2018--Alexandre Tanzi, Wei LuEven migration is bigger in Texas. Dallas leads all U.S. cities as the largest net gainer with 246 people arriving daily, according to a Bloomberg analysis of 2017 Census data on migration to the 100 largest U.S. metropolitan areas. Chicago, New York and Los Angeles saw an exodus of more than 100 people every day.
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The Border Wall Fight is Killing Chances of Year-End Banking Reforms
American Banker, Dec. 14, 2018--Neil Haggerty (subscription)As the Trump administration tussles with congressional Democrats over border wall funding and the threat of a government shutdown looms, the budget battle has all but killed the chance of more financial services reforms before the end of the year.
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One Last Chance to Save Your House
UExpress, Dec. 14, 2018--Lew SichelmanWhat we're talking about here is called the "statutory right of redemption." Simply put, it gives a former owner whose property has been taken back in a foreclosure proceeding the ability to redeem the mortgage and keep said property -- if, within a prescribed time frame, the former owner is somehow able to come up with enough money to repay what was owed.
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Residential Finance News
Commercial/Multifamily News
MBA News
MBA Education School of Loan Origination Begins Jan. 22
MBA Education presents its popular School of Loan Origination instructor-guided online course from Jan. 22-Feb. 14.
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