MBA CONVERGENCE Environmental Scan Examines Affordable Rental Housing Challenges, Opportunities
MBA CONVERGENCE, the national strategy by the Mortgage Bankers Association to bring together lenders, community leaders and public officials for new solutions to America’s affordable housing challenges, this week released an Environmental Scan examining affordability challenges in rental housing markets.
Redfin: Home Sales Post First Annual Decline in 15 Months
Redfin, Seattle, reported home sales fell on a monthly and annual basis in August for the first time since May 2020, although home prices continued to rise at a double-digit annual pace.
Initial Claims See Unusual Post-Pandemic Increase
Initial claims for unemployment insurance, which for the most part have declined steadily since the U.S. economy stabilized late last year, posted an unusual 20,000 increase last week, the Labor Department reported Thursday.
Life Insurance Commercial Mortgage Returns Bounce Back
Trepp LLC, New York, said commercial mortgage investments held by life insurance companies bounced back in the second quarter after turning negative in early 2021.
FHFA Issues Proposed Rulemaking to Amend GSE Regulatory Capital Framework
It's been a busy week for the Federal Housing Finance Agency. On Tuesday, FHFA and the Treasury Department suspended certain provisions added to the Preferred Stock Purchase Agreements with Fannie Mae and Freddie Mac. On Wednesday, FHFA announced a notice of proposed rulemaking to amend the Enterprise Regulatory Capital Framework for Fannie Mae and Freddie Mac.
