The Lede
Top National News
Mortgage Rates Continue Their Ascent But Remain Below Last Month’s Levels
Washington Post, Apr. 18, 2019--Kathy OrtonAccording to the latest data, released Thursday by Freddie Mac, the 30-year fixed-rate average climbed to 4.17 percent with an average 0.5 point. It was 4.12 percent a week ago and 4.47 percent a year ago. (MBA mention)
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Lenders Manage Tiny Profits in 2018 Despite Rate Hikes, Inventories
Mortgage News Daily, Apr. 18, 2019--Jann SwansonThe Mortgage Bankers Association said banks responding to its survey made an average profit of $367 on each loan they originated last year, down from $711 per loan in 2017.
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New York City Rents at Record Highs
National Mortgage Professional, Apr. 18, 2019--Phil HallLiving in the Big Apple has become a lot more expensive for renters, according to the latest StreetEasy Market Reports.
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NINA Loans Make a Comeback with the 360 Mortgage Pilot Program
National Mortgage News, Apr. 18, 2019--Brad Finkelstein (subscription)360 Mortgage is bringing back the no-income, no-asset loan, but says its $1 billion pilot's guidelines differ from those of the NINA loans that contributed to the financial crisis.
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NAR Slapped with Second Class Action Lawsuit to End Buyer Broker Compensation
HousingWire, Apr. 18, 2019--Jessica GuerinThe suit, filed in the Northern District of Illinois on Monday by Minnesota-based corporation Sawbill Strategic, alleges that NAR, Realogy, HomeServices of America, RE/MAX and Keller Williams violated federal antitrust laws by requiring property sellers to pay the buyer's broker an inflated fee.
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6 Turbo-Charged Ideas for Boosting Your Purchasing Power
Press-Enterprise (Riverside, Calif.), Apr. 18, 2019--Jeff LazersonWater-cooler realtor conversation about bidding wars and sellers receiving well over list prices seemed like a distant memory--until March. Sellers may have the upper hand again.
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Trump Proposal Would Evict Undocumented Immigrants from Public Housing
Washington Post, Apr. 18, 2019--Tracy JanThe Trump administration is proposing to tighten regulations to prevent undocumented immigrants from accessing federally subsidized housing, a move that low-income housing advocates fear will keep immigrants who are legally entitled to such benefits from receiving housing help.
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Residential Finance News
Commercial/Multifamily News
MBA News
Call for Speakers: MBA Condominium Lending Workshop
The Mortgage Bankers Association's Condominium Workshop takes place July 18 in Washington, D.C. Speaking opportunities are available; deadline is May 17.
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MBA Education Webinar: Technology & CRE Finance–Where Are We & Where Are We Headed? May 29
Join MBA Education for an informative webinar, Technology & CRE Finance: Where Are We & Where Are We Headed?, on Wednesday, May 29 from 2:00-3:30 p.m. ET.
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