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MBA CEO Robert Broeksmit on Shortage of Affordable Housing
Yahoo Finance, Apr. 30, 2019MBA President and CEO Robert Broeksmit, CMB, visits Yahoo Finance studios to discuss affordable housing issues.
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Redfin Launches Mortgage Lending in Florida, Maryland and Tennessee
HousingWire, Apr. 30, 2019--Ben LaneHomebuyers in Florida, Maryland, and Tennessee can now turn to Redfin for their mortgage, as the online real estate brokerage announced this week that its mortgage arm, Redfin Mortgage, is now available in those three states.
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Freddie Mac Raises Origination Forecast Based on Lower Rates, More Refis
National Mortgage News, Apr. 30, 2019--Brad Finkelstein (subscription) Freddie Mac increased its origination forecast for 2019 by nearly 4% from last month as lower interest rates will result in more borrowers refinancing than previously expected.
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Trump to Fed: Slash Rates Now
National Mortgage Professional, Apr. 30, 2019--Phil HallFor the second time this month, President Donald Trump has taken to Twitter in calling out the Federal Reserve to slash rates back to the December 2017 level.
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Berkshire Hills Exiting National Mortgages, Indirect Auto
National Mortgage News, Apr. 30, 2019--Ken McCarthy (subscription)The $12.2 billion-asset company said in a press release Monday that it had stopped originating indirect auto loans and had classified its national mortgage platform, First Choice Loan Services, as a discontinued operation.
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Iowa Signs Law to Enable eClosings for Mortgages
HousingWire, Apr. 30, 2019--Kelsey RamirezIowa became the latest state to enable fully digital closings for mortgage transactions Monday with the passage of its new eNotary law.
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New York Launches its Own ‘Mini-CFPB’
American Banker, Apr. 30, 2019--Kate Berry (subscription)New York has created a statewide financial protection division that will focus solely on corporate compliance and consumer issues, following similar efforts by New Jersey and Pennsylvania.
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Borrowers Cash in on Competitive Debt Fund Space
National Real Estate Investor, Apr. 30, 2019--Beth Mattson-TeigBorrowers are taking advantage of the crowded debt fund space to find good deals on short-term bridge loans. Competition has heated up in the past six months on financing transitional assets that have a renovation plan or a value-add component, especially those that have in-place cash flow.
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MBA News
MBA Recognizes Premier Members
MBA is proud to recognize its Premier and Select Associate Members and to thank them for their continued support of MBA and the real estate finance industry.
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