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MBA Newslinks Archive
Housing and the Holidays
Leadership during times of economic opaqueness, scary events and political drama can lack efficacy. What worked in the past is a poor roadmap into the future–whack-a-mole urgency will widen the gaps between enterprises. Innovation and automation may be the only certainties over the next 18 months.
MBA Letter Supports Self-Employed Mortgage Access Legislation
Ahead of an anticipated vote this week in the House Financial Services Committee, the Mortgage Bankers Association yesterday sent a letter of support for legislation that would help ensure fair access to mortgage credit for households with “non-traditional” forms of income.
CoreLogic: Lowest August Delinquency Rates in 20 Years
CoreLogic, Irvine, Calif., said just 3.7% of mortgages were in some stage of delinquency in August, down by 0.2 percent from a year ago to its lowest rate since 1999.
Congress Considers Fix to QM Patch
HousingWire, Nov. 11, 2019–Kathleen HowleyCongress will consider legislation on Wednesday to fix the so-called QM Patch that permits some loans to borrowers with high debt levels to be considered Qualified …
Jerome Powell’s Narrow Path to a Second Term as Fed Chair
American Banker, Nov. 10, 2019–John Heltman (subscription)With more than two years left in his term as Federal Reserve chairman, Jerome Powell finds himself in a unique bind: Neither the president …
Zillow Experiences Growing Pains as It Moves from Listing Homes to Buying Them
HousingWire, Nov. 11, 2019–Julia FalconWhile the company is seeing positive results in terms of growth and revenue generation, Zillow is also experiencing some serious financial growing pains as it expands.https://www.housingwire.com/articles/zillow-experiences-growing-pains-as-it-moves-from-listing-houses-to-buying-them/
VA Mortgage Lending Increases Almost 9% as Refinancing Rebounds
National Mortgage News, Nov. 11, 2019–Bonnie Sinnock (subscription)Dollar volume of mortgages guaranteed by the Department of Veterans Affairs rose nearly 9% in the past fiscal year as interest-rate reduction refinancing …
Subprime Mortgages Keep Minting Cash for Ex-Bear Stearns Banker
Bloomberg, Nov. 11, 2019–Josh SaulSubprime mortgages may have wreaked havoc on the U.S. economy over the past decade, but they have been very good to Tom Marano.https://www.bloomberg.com/news/articles/2019-11-11/subprime-mortgages-keep-minting-cash-for-ex-bear-stearns-banker
October MBA Mortgage Credit Availability Index Up 1%
Mortgage credit availability increased in October, the Mortgage Bankers Association reported this morning.