The Lede

Wall Street Journal, July 24, 2018--Esther Fung (subscription)Chinese investors have become net sellers of U.S. commercial real estate for the first time in a decade, reversing a years-long trend when these buyers spent tens of billions of dollars and helped boost the market for hotels and other properties.

National Mortgage News, July 24, 2018--Chental-Song Bembry (subscription)The $18.1 billion-asset company said Tuesday that its net income in the second quarter climbed 22% from the same period last year to $50 million, thanks largely to assets it inherited when it acquired the warehouse lending portfolio of Santander Bank and eight California bank branches from East West Bank in Pasadena, Calif. Both deals closed late in the first quarter.

American Banker, July 24, 2018--Hannah Lang (subscription)Michael Bright, President Trump's nominee to head Ginnie Mae appeared to distance himself Tuesday from a 2016 paper he co-wrote on reforming the housing finance system, telling senators that he "hasn't thought about that paper in two years."

Mortgage Daily, July 24, 2018Black Knight noted improvement last month in U.S. foreclosure metrics, the rate of 30-day delinquency on residential loans climbed to the highest level in four months.

Mortgage Daily, July 24, 2018A pair of co-issue flow offerings for servicing rights on agency mortgages could ultimately give the successful bidder servicing on more than $1 billion in loans.

HousingWire, July 24, 2018--Kelsey RamirezWhile FICO and VantageScore have been locked into an intense competition while the FHFA makes its decision, they both agreed on one thing--the postponement is disappointing.

HousingWire, July 24, 2018--Alcynna LloydThe additions are expected to further enhance AMC's client service capabilities by offering securitization underwriting for loan types, including non-qualified mortgages, agency high balance, single-family rental, jumbo, fix-and-flip and small balance commercial real estate, and permit the review of seasoned re-performing, non-performing and performing assets.

National Real Estate Investor, July 24, 2018--Patricia KirkWhile new office construction has been robust so far in 2018, next year developers might begin pulling back, according to David Bitner, head of Americas capital markets research with Cushman & Wakefield. He cited rising construction costs, concerns about the end of the real estate cycle and zoning issues as the reasons.

ConcertMBA at the Mortgage Bankers Association 2018 Annual Convention & Expo this year features award-winning singer and songwriter Kelly Clarkson.

ConcertMBA at the Mortgage Bankers Association 2018 Annual Convention & Expo this year features award-winning singer and songwriter Kelly Clarkson.

ConcertMBA at the Mortgage Bankers Association 2018 Annual Convention & Expo this year features award-winning singer and songwriter Kelly Clarkson.