The Lede
Top National News
The Hottest Housing Market in the U.S. is Up 13% And Now May be Headed For a Crash
CNBC, July 10, 2018--Scott CohnHome prices in Washington state rose nearly 4 percent in the first quarter--the most in the nation--and more than 13 percent from one year ago. But experts say the housing market is vulnerable to rising interest rates, job losses due to tariffs and local policies against development.
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Rising Interest Rates Will Impact Transaction Volumes
GlobeSt.com, July 10, 2018--Kelsi Maree BorlandInterest rates are anticipated to rise several more times this year, which has left the many wondering how the increases will affect investment activity.
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How a Tiny Bank From the Ozarks Got Big and Outpaced Wall Street’s Real Estate Machine
Bloomberg, July 10,2018--Peter RobisonAn Arkansas bank has become one of America's top construction lenders. Does it know something the giants don't?
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Max Non-QM Loan Amount Raised to $5 Million
Mortgage Daily, July 10, 2018Versus Mortgage Capital, a nonprime correspondent investor, raised the maximum loan amount to $5 million for some of its programs that allow the origination of loans that don't meet Qualified Mortgage requirements.
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Mortgage Credit Availability Up, Delinquency Down
National Mortgage Professional, July 10, 2018--Phil HallThe Mortgage Bankers Association's Mortgage Credit Availability Index inched up 0.2 percent to 181.0 in June. Three of the four indexes saw increases for the month.
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FHA Commissioner: Mortgage Insurance Premium Cut Not Likely in 2018
HousingWire, July 10, 2018--Ben LaneFHA Commissioner Brian Montgomery said Tuesday that while it's probably "too early to commit to anything," it's unlikely that the FHA will reduce its mortgage insurance premiums this year, citing the most recent FHA actuarial report.
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Optimal Blue Buys Resitrader to Build Out Digital Mortgage Platform
National Mortgage News, July 10, 2018--Bonnie Sinnock (subscription)Optimal Blue is expanding its reach in the secondary mortgage market by acquiring Resitrader, a whole-loan trading vehicle that has integrations with Fannie Mae and Freddie Mac.
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FHA Commissioner: We’re Easing False Claims Act Use to Bring Big Banks Back to FHA Lending
HousingWire, July 10, 2018--Ben LaneFHA Commissioner Brian Montgomery said Tuesday that he believes the Obama administration went too far in some cases and said that the Trump administration is dialing back the use of the False Claims Act to bring more lenders back into FHA lending.
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Residential Finance News
Commercial/Multifamily News
MBA News
MBA Recognizes Premier Members
MBA is proud to recognize its Premier and Select Associate Members and to thank them for their continued support of MBA and the real estate finance industry.
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