Mortgage applications increased by nearly 10 percent from one week earlier, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending November 8.
MBA Newslinks Archive
House, Senate Bills Would Cap Consumer Loans at 36%
American Banker, Nov. 12, 2019–Paul Centopani (subscription)Sens. Sherrod Brown, D-Ohio, Jeff Merkley, D-Ore., Jack Reed, D-R.I., and Chris Van Hollen, D-Md., introduced the Veterans and Consumers Fair Credit Act to …
Fed May Defy History With Rates Steady Through 2020 Election
Bloomberg, Nov. 12, 2019–Christopher Condon, Rich MillerFederal Reserve Chairman Jerome Powell is likely to signal again this week that monetary policy is on hold, buttressing the belief that he may …
As CFPB Prepares to End QM Patch, Congress Tries to Soften the Blow
National Mortgage News, Nov. 12, 2019–Brendan Pedersen (subscription)Just as the Consumer Financial Protection Bureau wants to end a regulatory exemption for loans backed by Fannie Mae and Freddie Mac, some …
Boomers Want to Stay Home. Senior Housing Now Faces a Budding Glut
Wall Street Journal, Nov. 12, 2019–Peter Grant (subscription)The rise of technologies that help the elderly stay in their homes threatens to upend one of commercial real estate’s biggest bets: Aging …
Higher Level of Mortgage Credit Availability in October
National Mortgage Professional Magazine, Nov. 12, 2019–Phil HallMortgage credit availability was on the rise last month, according to new data from the Mortgage Bankers Association.https://nationalmortgageprofessional.com/news/72911/higher-level-mortgage-credit-availability-october
Apply Now for MBA Path to Diversity Scholarship Program
The Path to Diversity Scholarship Program recognizes existing industry professionals who are seeking to advance their careers through continuing education. Recipients receive a voucher to cover course registration fees, up …
MBA Education/ALTA Digital Closing & eMortgage Boot Camp Dec. 11-12
MBA Education and the American Land Title Association present a special Digital Closing & eMortgage Boot Camp Dec. 11-12 in Arizona at the Hilton Scottdale Resorts & Villas. https://www.mba.org/store/events/classroom-course/mba-and-altas-digital-closing-and-emortgage-boot-camp-az
MBA Independent Mortgage Bankers Conference in New Orleans Feb. 3-6
As an Independent Mortgage Banker, you are constantly looking for market opportunity–to expand your network, grow your business. Join us to get the latest insights and updates on industry trends …
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.