The Lede

Top National News

Q&A: Marcia Davies, Mortgage Bankers Association
Scotsman Guide, May 6, 2019--Jim DavisEight years ago, Marcia Davies took at a job at the Mortgage Bankers Association. Attending MBA-sponsored conferences, Davies noticed women often did not know each other. Davies decided to do something about that. In 2016, she launched mPower--MBA Promoting Opportunities for Women to Extend their Reach--a networking platform for women in the real estate finance industry.
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PIMCO Mortgage Trust Sets Terms of IPO, to Raise About $1 Billion
MarketWatch, May 6, 2019--Tomi KilgoreThe real estate investment trust plans to use "a significant portion" of the proceeds from the IPO to buy agency residential mortgage backed securities and, over time, excess mortgage servicing rights and residential mortgage loans.
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CMB: ‘The Industry Standard of Professional Success’
Mortgage Media, May 6, 2019In a recent panel discussion, former MBA President & CEO Dave Stevens--a CMB himself--spoke with four people who are active in the area of helping professionals on the pathway to attain the Certified Mortgage Banker (CMB) designation from the Mortgage Bankers Association.
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5 Reasons Nonbank Mortgage Lenders Look to Break New Ground
National Mortgage News, May 6, 2019--Bonnie Sinnock (subscription)With new single-family home inventory a bright spot in the consumer real estate market, lending against the construction of new homes offers one of the few ways to expand.
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Gateway Mortgage Group Completes Bank Acquisition
National Mortgage Professional, May 6, 2019--Phil HallGateway Mortgage Group LLC has completed its merger with Farmers Exchange Bank to form Gateway First Bank.
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Critics Say HUD Bid to Restrict Down Payment Programs Skirts Law
American Banker, May 6, 2019--Hannah Lang (subscription)The National Homebuyers Fund and the Chenoa Fund, the latter of which is fighting the policy in court, say HUD tried to avoid scrutiny last month when it imposed new restrictions outside a formal rulemaking process. HUD's mere letter to lenders seeking to "clarify" preexisting rules could threaten the funds' very existence, they say.
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The 55+ Housing Market is Booming
HousingWire, May 6, 2019--Jessica GuerinThe 55+ housing market is thriving right now as more Baby Boomers look to invest in a new nest to live out their retirement dreams.
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