A busy month continues for the Mortgage Bankers Association, with several reports coming in the next two weeks.
MBA Newslinks Archive
Ellie Mae: Millennial Home Refinance Boom at 3-Year High
Ellie Mae, Pleasanton, Calif., said Millennials closed 33% of all mortgage refinances in September, the largest such share since it began tracking data in January 2016.
MISMO Issues Taxpayer Consent Language as Solution for New IRS Requirement on Sharing Tax Transcripts
MISMO, the mortgage industry standards organization, issued its Taxpayer Consent Language, which permits lenders to share tax information received from the Internal Revenue Service with other parties involved in a mortgage transaction.
Young Homebuyers Are Vanishing From the U.S.
Bloomberg, Nov. 8, 2019–Reade PickertFaced with higher property prices and piles of student debt, Americans are getting older and older before they buy a home.https://www.bloomberg.com/news/articles/2019-11-08/young-homebuyers-vanish-from-u-s-as-median-purchasing-age-jumps?srnd=premium
Taylor Morrison Acquiring William Lyon Homes in Deal that Creates 5th-Largest Home Builder
HousingWire, Nov. 7, 2019–Maleesa SmithTaylor Morrison is expanding again with another billion-dollar acquisition. This time, Taylor Morrison is set to acquire of one of the nation’s largest homebuilders in the …
Zillow Says Home-Flipping Will Pull In $1 Billion, Sending Shares Higher
Wall Street Journal, Nov. 7, 2019–Maria Armental (subscription)Shares of Zillow Group Inc. rose 9% in after-hours trading as the company said its home-flipping business is expected to generate as much …
Commercial and Multifamily Originations Surge in 3Q
HousingWire, Nov. 7, 2019–Kelsey RamirezCommercial and multifamily originations surged in the third quarter, the latest Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations from the Mortgage Bankers Association said.https://www.housingwire.com/articles/commercial-and-multifamily-originations-surge-in-q3/
Unique Challenges in Lending and Servicing
MReport, Nov. 1, 2019–Seth WelbornMarcia Davies, MBA COO and mPower founder, spoke with MReport at the 2019 Five Star Conference and Expo about what lies ahead for mortgage professionals in …
Reporter’s Notebook: Fog the Mirror Mortgages are Back
Orange County Register, Nov. 7, 2019–Jeff LazersonHere are some of my observations from Mortgage Bankers Association convention I attended in Austin last month: 1) One exhibit hall lender offered primary …
Low U.S. Interest Rates Are Fueling a Bubble in Commercial Real Estate
National Real Estate Investor, Nov. 7, 2019–Jay Rollins U.S. interest rates will not stay low forever and investors must prepare for their eventual rise. To protect themselves, investors should stress-test …