Pending home sales broke a six-month skid last month with a slight 0.7 percent rise from April.
Category: News and Trends
Home Price Indices Approach, Exceed 20% Annual Rate
Two home price indices on Tuesday showed home price appreciation approaching and in one case exceeding a 20 percent annual rate.
MBA Weekly Survey June 29, 2022: Applications Increase Again
Mortgage applications rose for the third week in a row, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending June 24.
Hot Small-Cap Commercial Real Estate Market Shows Signs of Cooling
Boxwood Means LLC, Stamford, Conn., reported the robust growth in small-cap commercial real estate investments grew sluggish during the first quarter after record-breaking property sales and soaring prices last year.
MISMO Issues Dataset Standard for IRS Form 4506-C
MISMO®, the real estate finance industry’s standards organization, launched a new dataset standard for the Internal Revenue Service Request for Transcript of Tax Return (IRS Form 4506-C).
Dealmaker: Eastern Union Secures $84M for Two Multifamily Assets
Eastern Union, New York, arranged $83.8 million in financing for two multifamily properties, The Boulders in Amherst, Mass., and Cliffside Apartments in neighboring Sunderland, Mass.
Pending Home Sales Edge Higher
Pending home sales broke a six-month skid last month with a slight 0.7 percent rise from April.
Broeksmit Weighs in on How to Narrow Minority Homeownership Gap
Mortgage Bankers Association President and CEO Robert Broeksmit, CMB, said Special Purpose Credit Programs can provide lenders with an effective way to serve minority groups who do not have access to generational wealth.
MBA Advocacy Update June 29, 2022
Last week, the House Financial Services Committee once again considered down payment assistance legislation targeted toward first generation, first-time homebuyers. On Tuesday, MBA and the National Fair Housing Alliance announced a new online toolkit for mortgage lenders interested in developing Special Purpose Credit Programs.
Anita Bush of FICS: Mortgage Servicers Must Improve Support for Borrowers with Limited English Skills
Mortgage servicers must provide language resources for borrowers with limited English proficiency. The 2020 Census confirmed what mortgage professionals have experienced over the past decade – America’s diversity increases every year with minority homeownership growing rapidly.