The Lede
Top National News
Falling Mortgage Rates Aren’t What They Used to Be
Bloomberg, Aug. 16, 2019--Justin FoxThe 30-year Treasury yield has been spending some time below 2% this week, territory it has never before explored. That says scary things about expectations for future inflation and economic growth. But it also means lower mortgage rates, which in turn means refinancings and house purchases and other economically stimulative things. (MBA mention)
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MBA Dissects VA Underwriting at Recent Webinar
National Mortgage Professional, Aug. 17, 2019The Mortgage Bankers Association (MBA) recently hosted a Webinar, "VA Underwriting for Military Veterans." On hand to deliver the presentation was Michael Oursler, chief credit officer at NewDay USA. During the Webinar, Ousler highlighted how the active-duty lifestyle can take a toll on military families and their credit.
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Drop in Mortgage Rates a Boon for Homebuyers and Refinancing
Dallas News, Aug. 16, 2019--Steve BrownWorries about the world economy and the shaky stock market have given homebuyers a windfall. Home mortgage rates have plunged to near historic lows, making it much cheaper to finance a property purchase.
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1st Alliance Suspends Originations Pending State Dispute’s Resolution
National Mortgage News, Aug. 16, 2019--Bonnie Sinnock (subscription)1st Alliance has ceased originating mortgages following the loss of bonding in Connecticut along with financial concerns it links to an unresolved dispute with its state regulator.
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HUD Plan to Alter Anti-Discrimination Rule Called ‘Deepy Cynical’
American Banker, Aug. 16, 2019--Kate Berry (subscription)The agency says the "disparate impact" standard needs to be amended to align with a recent Supreme Court ruling. But consumer advocates say the change would make it more difficult for borrowers to allege discrimination under the Fair Housing Act.
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The Doomsday Warnings About the U.S. Mortgage Market Are Getting it Backward
Business Insider, Aug. 18, 2019--Neil DuttaEverywhere you look, concerns over the housing market appear to be growing. But these concerns are wildly overblown. Contrary to the hand-wringing, the U.S. housing market is in fact normalizing, and that is mostly a positive development for the American economy.
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American Mortgage Service Co. and Eustis Mortgage Plan to Merge
HousingWire, Aug. 16, 2019--Ben LaneEustis Mortgage is headquartered in New Orleans and has been in business since 1956 and its companies include Finance Home America, Verity Mortgage, Legacy Mortgage and Prosperity Mortgage Advisors. American Mortgage Service Co. was founded in Cincinnati in 1975 and has grown into a multi-state lender with more than 40 locations.
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American Consumers are Holding Up the Global Economy. But for How Long?
Washington Post, Aug. 18, 2019--Rachel Siegel, Abha Bhattari, Heather LongAs a number of signs point to a possible downturn in the United States, economists are growing more skeptical that consumers will continue to open up their wallets as freely. A failure to do so could hasten the arrival of the first U.S. recession in a decade.
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Best Time to Show, Best Day to List
UExpress, Aug. 16, 2019--Lew SichelmanHouses listed for sale on a Thursday tend to sell more quickly, and at higher prices, than those listed on any other day of the week, research shows. But what's the best time of day to show a house?
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Residential Finance News
Commercial/Multifamily News
MBA News
MBA Annual19 Comes to Austin, Texas Oct. 27-30
The Mortgage Bankers Association's Annual Convention & Expo takes place Oct. 27-30 at the Austin Convention Center in Austin, Texas.
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MBA Expands Path to Diversity Scholarship Program Eligibility to Select Conferences
The Mortgage Bankers Association announced that scholarships awarded under its popular Path to Diversity (P2D) Scholarship Program can now also be used towards six upcoming MBA conferences where attendees can obtain Continuing Professional Education (CPE), Continuing Legal Education (CLE) or Society of Human Resource Management (SHRM) credits. The scholarships were previously only available for courses offered by MBA Education.
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MBA Annual19 Comes to Austin, Texas Oct. 27-30
The Mortgage Bankers Association's Annual Convention & Expo takes place Oct. 27-30 at the Austin Convention Center in Austin, Texas.
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MBA Annual19 Comes to Austin, Texas Oct. 27-30
The Mortgage Bankers Association's Annual Convention & Expo takes place Oct. 27-30 at the Austin Convention Center in Austin, Texas.
Full Story