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A Recession is Coming? Nobody Told Housing Stocks
MarketWatch, Oct. 3, 2019--Chris MatthewsData on the housing market has been trending in the opposite direction, with new home construction rising to the fastest pace since 2007 in August, and pending home sales trending up as interest rates fall, improving affordability.
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Report Forecasts Housing Construction Slowdown Through 2021
National Mortgage Professional, Oct. 3, 2019--Phil HallInventory problems related to construction costs will hamper the single-family housing market, even though the economy will continue to remain solid, according to Urban Land Institute's latest Real Estate Economic Forecast.
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CFPB Announces New Members of Advisory Committees
HousingWire, Oct. 3, 2019--Kelsey RamirezThe appointments include new members to the Consumer Advisory Board, Community Bank Advisory Council, Credit Union Advisory Council and Academic Research Council. The experts advise the CFPB leadership on a range of consumer financial issues and emerging market trends.
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17% of Young Homebuyers Regret Their Purchase, Zillow Survey Shows
Reuters, Oct. 3, 2019--Lucia MutikaniComing on the heels of news this week that manufacturing activity plunged to a more than 10-year trough in September, the survey from the Institute for Supply Management on Thursday increased the risks of a recession. For now, a solid labor market is keeping the economy on a moderate growth path. (MBA mention)
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How Mortgage Servicers Can Prepare For the Next Downturn
Mortgage Orb, Oct. 4, 2019--Angela HurstTo ensure sustainability during a market downturn, mortgage servicers must closely examine their current infrastructure, services and tools to ensure they provide the ability to not only track processes, but also allow users to automatically analyze the viability of different scenarios.
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Another Fed Rate Cut Is Expected After Weak Economic Data
New York Times, Oct. 3, 2019--Jenna SmialekTop Federal Reserve officials have said they are open-minded about whether additional interest rate cuts will be necessary in 2019, but recent economic data are putting that equanimity to the test.
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Fannie Mae and Freddie Mac Now Appear to Be Here to Stay. How Did that Happen?
HousingWire, Oct. 3, 2019--Ben LaneWhen the federal government announced earlier this week that it would allow Fannie Mae and Freddie Mac to rebuild a portion of their capital reserves to a total of $45 billion combined as part of a plan to exit conservatorship, the message was clear: The government-sponsored enterprises are back and they're not likely to go away any time soon.
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U.S. Recession Risks Up as Services Growth Hits Three-Year Low
Reuters, Oct. 3, 2019--Lucia MutikaniComing on the heels of news this week that manufacturing activity plunged to a more than 10-year trough in September, the survey from the Institute for Supply Management on Thursday increased the risks of a recession. For now, a solid labor market is keeping the economy on a moderate growth path.
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Residential Finance News
Commercial/Multifamily News
MBA News
MBA Education Webinars Now Free to MBA Members
Beginning October 1, all MBA member companies in good standing will have more MBA benefits to celebrate, including complimentary access to all online education webinars and webinar recordings.
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MBA Education Webinar: Navigating the LIBOR Transition Within the CRE Industry Oct. 8
MBA Education offers a free webinar, Navigating the LIBOR Transition Within the CRE Industry, on Tuesday, Oct. 8 from 2:00-3:30 p.m. ET.
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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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