July 11, 2018
In This Issue:
- Kraninger’s BCFP Hearing Set for July 19
- BCFP Official Drops Fight for Leadership of Watchdog Agency
- GSE News: Mortgage Debt Outstanding Figures See Notable Uptick
- Registration for TLTA's Land Title School of Texas Is Open
Kraninger’s BCFP Hearing Set for July 19
National Mortgage Professional | July 2, 2018
Kathy Kraninger, President Trump’s choice to serve as the next Director of the Bureau of Consumer Financial Protection (BCFP)
, will receive a confirmation hearing before the Senate Banking Committee on July 19.
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BCFP Official Drops Fight for Leadership of Watchdog Agency
Washington Post | July 6, 2018
Leandra English, the Bureau of Consumer Financial Protection’s deputy director, said on Friday she is resigning — ending her more than six-month legal battle with the Trump administration for control of the watchdog agency.
English is dropping her lawsuit, which questioned the legitimacy of Trump’s pick to temporarily lead the BCFP, Mick Mulvaney. English cited the Trump administration’s recent nomination of Kathy Kraninger to be the BCFP’s next director for her decision to step down early next week.
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GSE News: Mortgage Debt Outstanding Figures See Notable Uptick
Dodd-Frank Update | July 6, 2018
The largest first-quarter increase in commercial and multifamily mortgage debt outstanding since before the financial crisis took place in the opening months of 2018, according to the Mortgage Bankers Association (MBA). An MBA analyst attributed the rise to an uptick in commercial mortgage-backed securities (CMBS).
The opening quarter of 2018 also marked the first time since 2007 that there have been three consecutive quarters of CMBS growth, according to MBA Vice President of Commercial Real Estate Research Jamie Woodwell.
“During the first three months of 2018, commercial and multifamily mortgage debt outstanding increased more than during any other Q1 since before the Great Recession,” Woodwell said in a press release. “Interestingly, Q1 holdings grew more slowly this year than last among the three largest investor groups: banks, life insurance companies, and the GSEs. This year’s increase was driven by the CMBS market, which added $6 billion of mortgages to its balances. This is a sharp contrast to the $21 billion decline over the same period in 2017.”
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Registration for TLTA's Land Title School of Texas Is Open
TLTA | July 9, 2018
New to the title industry? Or, are you a title professional seeking cross-training to become a more valuable asset in the newer, leaner title industry? Register today for TLTA's Land Title School of Texas, which will be held March 4-6, 2019, in Austin.
This 3-day program, led by title experts will cover industry basics and fundamentals, including the Closing Disclosure Form and feature interactive testing throughout the course to reinforce students' comprehension.
TLTA School is expected to sell out, so reserve your spot today! Complete brochure with program will be available soon.
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Register Today »
TLTA is scheduling more live webinars for 2018! Register now, or explore the On-Demand webinar library today!