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American Suburbs Swell Again as a New Generation Escapes the City
Wall Street Journal, July 1, 2019--Valerie Bauerlein (subscription)In an echo of the postwar "Baby Boom," many U.S. suburbs are again suffering growing pains: not enough schools, too much traffic for two-lane roads and scenic farmland plowed under for housing tracts. After several years of surging urban growth, suburbs like Apex, N.C. now account for 14 of the 15 fastest-growing U.S. cities with populations over 50,000.
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More than 8 Million Homeowners are Leaving Big Money on the Table by Not Refinancing
CNBC, July 1, 2019--Diana OlickMortgage rates have been on a roller coaster for the last year, but now they're sitting at the bottom of the track, giving a major boost to the number of borrowers who can benefit from a refinance. (MBA mention)
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Law Firm Works with MBA’s Mortgage Action Alliance to Pursue Regulatory Relief
HousingWire, July 1, 2019--Alyssa StringerThe Consumer Financial Protection Bureau's Loan Originator Compensation rule has proven to be a controversial topic among mortgage lenders. Nearly 250 senior executives organized by the Mortgage Bankers Association sent a letter to the CFPB asking for significant changes to the rule last year.
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MBA Opens Doors Foundation: Taking Care of the Families of Critically Ill Children
HousingWire, July 1, 2019--Brena SwansonWhat started as a vision has quickly grown into one of the most well-known charities in the housing industry. This shouldn't come as a surprise, though, given the strong ties MBA Opens Doors has to the housing industry.
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Mortgage industry Calls for Servicing Regulation Uniformity in New York
National Mortgage News, July 1, 2019--Elina Tarkazikis (subscription)In a joint letter to New York Department of Financial Services Superintendent Linda Lacewell, the Mortgage Bankers Association and New York Mortgage Bankers Association highlighted discrepancies in DFS' suggested changes to 3 NYCRR 419, which covers business conduct rules for servicing mortgage loans.
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Customers in Pa. Warns of Earnings Hit After Mortgage Client Shuts Down
American Banker, July 1, 2019--Ken McCarthy (subscription)The $10.1 billion-asset Customers disclosed in a regulatory filing Monday that it could record a $7 million to $8 million charge after an unnamed commercial mortgage warehouse client shut down in May.
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Your Phone Could Help Make Mortgage Bond Traders Miserable
Bloomberg, July 1, 2019--Chrisopher MaloneyA massive wave of homeowners now has an incentive to refinance their mortgages and they could find the process faster than it's been in recent memory thanks to technology improvements.
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Upcoming MBA School of Mortgage Banking II Courses
MBA Education presents its popular School of Mortgage Banking Course II in several locations this summer and fall.
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