Initial claims for unemployment insurance fell slightly last week, reversing the previous week’s increases, the Labor Department reported Thursday.
Category: News and Trends
MBA’s Steve O’Connor Named Chair of National Housing Conference Board
The National Housing Conference announced its 2022-23 Board of Governors, led by longtime member and first-time Chair Steve O’Connor, Senior Vice President for Affordable Housing Initiatives with the Mortgage Bankers Association.
Office Sector Future Still Murky
CommercialEdge, Santa Barbara, Calif., said the office sector’s future remains murky, even more than two years after the COVID-19 pandemic started.
May Housing Starts Plunge Amid Market Volatility
Housing starts fell sharply in May, HUD and the Census Bureau reported Thursday, as continued market volatility and higher interest rates took a toll on both consumers and home builders.
Dealmaker: Newmark Sells Silicon Valley Office Campus for $365M
Newmark, New York, sold Moffett Green, a recently renovated office campus in Sunnyvale, Calif., for $365 million.
Faith Schwartz of Housing Finance Strategies: Homeownership Month Focus on Policy Innovation to Up-Level the FTHB
The trend we address in this short narrative is the shrinking playing field for first-time homebuyers who are more and more being shut out of buying opportunities by institutional cash buyers and losing the attendant opportunity for the creation of generational wealth.
MBA Offices Closed Monday; NewsLink Will Not Publish
Offices of the Mortgage Bankers Association will be closed this Monday, June 20, in public observance of the federal Juneteenth holiday.
MBA Nominates Laura Escobar of Lennar Mortgage as 2023 Vice Chair
The Mortgage Bankers Association nominated Laura Escobar, President of Lennar Mortgage, Miami, to serve as its Vice Chair for the 2023 membership year. She is expected to be installed at the association’s 109th Annual Convention in Nashville, Tenn., this October.
Call for Entries: MBA DEI Leadership Awards; Deadline Aug. 5
The Mortgage Bankers Association is now accepting entries for its annual Diversity, Equity and Inclusion Residential Leadership Awards; entry deadline is Friday, Aug. 5.
Rising Rates, Tight Inventories Dampen MBA Builder Apps Survey
May mortgage applications for new home purchases fell by 4 percent from April and by 5 percent from a year ago, the Mortgage Bankers Association reported Thursday.