MBA: Mortgage Credit Availability Decreased in November
Mortgage credit availability decreased in November according to the Mortgage Credit Availability Index, a report from the Mortgage Bankers Association that analyzes data from ICE Mortgage Technology.
MBA, Other Associations Announce Support for Workforce Housing Tax Credit Act
A bipartisan group of Senators and Representatives introduced the Workforce Housing Tax Credit Act, intended to increase the supply of affordable housing for middle-income families who earn too much to qualify for low-income affordable housing but not enough to afford housing near where they work. MBA joined several other organizations to support the legislation.
CMBS Special Servicing Rate Ticks Upward in November: Trepp
Trepp, New York, reported the commercial mortgage-backed securities special servicing rate increased 4 basis points in November to 6.84%.
