Close your eyes and imagine a world with real-time borrower and property data available that was guaranteed to be accurate. Pipe dream you say? I say near-future achievable.
MBA Newslinks Archive
MBA Chart of the Week: CPI Inflation–Shelter Costs
Housing affordability challenges–for both buying and renting–continue to be a topic of discussion. According to the Bureau of Labor Statistics, shelter costs continue to outpace the price growth of overall goods and services, as measured by the Consumer Price Index.
The Week Ahead
A busy month continues for the Mortgage Bankers Association, with several reports coming in the next two weeks.
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 …