CREF Policy Update Aug. 24: MBA CEO Broeksmit Takes On Rent Control
- MBA CEO Broeksmit Takes On Rent Control
In MBA’s continuing efforts to increase the amount of affordable housing for all Americans, MBA President & CEO Bob Broeksmit, CMB, wrote a blog post this week explaining how and why rent control policies will perpetuate the housing supply-demand disconnect.
• Why It matters: Governments at all levels are examining a series of policies designed to make rental housing more affordable. Some are considering rent control as a solution.
• What’s next: MBA, the Housing Solutions Coalition, and other interested parties will continue to advocate against rent control and for solutions to increase housing supply as a means to address the nation’s affordable housing crisis.
For more information, please contact Mike Flood at (202) 557-2745.
- Commercial/Multifamily Borrowing Declines 53 Percent Year-Over-Year in the Second Quarter 2023
Commercial and multifamily mortgage loan originations were 53 percent lower in the second quarter of 2023 compared to a year ago, and increased 23 percent from the first quarter of 2023, according to MBA’s Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations, released Tuesday.
• Jamie Woodwell, MBA’s Head of Commercial Real Estate Research said, “Commercial real estate borrowing and lending remained subdued in the second quarter of 2023. Origination volumes picked up from the first quarter but were less than half the level of a very strong quarter a year earlier. Higher interest rates, uncertainty about property values, and questions about some property fundamentals are all contributing to the slowdown. We expect the logjam to begin to break in coming quarters, but the path forward will depend on where interest rates and other aspects of the economy go from here.”
• To view the report, please click here.
For more information, please contact Jamie Woodwell at (202) 557-2936.
- [VIDEO]: On Combating Self-Limiting Behaviors with EscrowTab’s Amy Moses
In this mPower Moments episode, mPower Founder Marcia M. Davies sits down with Amy Moses, Vice President of Marketing and Communications at EscrowTab. Moses discusses her career journey and the lessons she learned while working in the mortgage industry. She shares advice on the importance of stepping outside of one’s comfort zone to get to the next level and the importance of being proactive in the workplace to gain more skills. Moses also offers tips on how the next generation of women mortgage professionals can succeed in the industry.
• What’s next: To watch more mPower Moments, click here.
For more information, please contact Marcia Davies at (202) 557-2707.
- Get Involved – MBA Advocacy Month Kicks Off in September
Join MBA’s Legislative and Political Affairs (LPA) team in September for MBA Advocacy Month, an all-member campaign focused on raising awareness on the top single-family and commercial/multifamily issues that can help produce positive policy changes at the national level.
• Why it matters: Throughout September, MBA will work with members to engage with their employees and help run impactful Mortgage Action Alliance (MAA) and MORPAC campaigns. In addition, MBA staff will host (virtual) events, including legislative townhall(s) and webinars with a focus on how members can make their voices more effectively and better heard.
• What’s next: If interested in learning more and how to get involved, visit mba.org/advocacymonth.
For more information, please contact Jamey Lynch, AMP at (202) 557-2818.
- Upcoming MBA Education Webinars on Critical Industry Issues
MBA Education continues to deliver timely single-family and commercial/multifamily programming that covers the spectrum of challenges, obstacles and solutions pertaining to our industry. Below, please see a list of upcoming webinars – which are complimentary to MBA members:
• Current Expected Credit Losses (CECL) Updates – August 24
• Navigating the Obstacles in Multifamily Housing: Perspectives from the Affordable Rental Housing Advisory Council – August 29
• Succeeding Today and Tomorrow: Tech Tools That Can Drive More Market Share – September 7
• Budgeting and Financial Planning for Non-Believers – September 13
• Section 1071: A Practical Approach to Unpacking the CFPB’s Final Rule – September 13
MBA members can register for any of the above events and view recent webinar recordings by clicking here.
For more information, please contact David Upbin at (202) 557-2931.
