Buying (and now owning) a home can be a challenging endeavor. Our journey started with a year-long search for the right home. We then went through a stressful six-month renovation. And as sticker shock set in, we ended up needing to take out a HELOC to pull it all off. It was by far the biggest investment I’ve made in my life so, of course, the experience had its ups and downs.
Category: News and Trends
MBA Advocacy Update June 12, 2022
On Wednesday, FHFA released the GSEs’ Equitable Housing Finance Plans for 2022-2024. Also last week, the Senate Banking Committee advanced the nominations of Michael Barr to be the next Federal Reserve Vice Chairman for Supervision, and Jaime Lizárraga and Mark Uyeda to be SEC Commissioners.
Call for Speakers: MBA Annual Convention & Expo; Deadline June 15
Speaking proposals for breakout sessions are now being accepted for the Mortgage Bankers Association’s Annual Convention & Expo 2022, taking place October 23-26 at Music City Center in Nashville.
Tony Thompson, CMB of NAMMBA: We’ll See You at Connect 2022
The biggest Strategic Networking + Exposition + Thought Leadership Convention in the real estate and mortgage industry is kicking off in Orlando, Fla., this September 15-17, and I couldn’t be more excited to share it with you.
MBA Advocacy Update June 12, 2022
On Wednesday, FHFA released the GSEs’ Equitable Housing Finance Plans for 2022-2024. Also last week, the Senate Banking Committee advanced the nominations of Michael Barr to be the next Federal Reserve Vice Chairman for Supervision, and Jaime Lizárraga and Mark Uyeda to be SEC Commissioners.
1Q Homeowner Equity Gains Top $60,000 Amid Rapid Home Price Growth
CoreLogic, Irvine, Calif., reported U.S. homeowners with mortgages saw their equity increase by 32.2% year over year, representing a collective equity gain of $3.8 trillion and an average gain of $63,600 per borrower.
Dealmaker: IPA Arranges $142M for Office, Multifamily
Institutional Property Advisors, Calabasas, Calif., arranged $142.15 million for office and multifamily transactions in Florida, California and Arizona.
Fitch: Retail Resolutions Drive May U.S. CMBS Loan Delinquency Rate Lower
Fitch Ratings, New York, reported the U.S. commercial mortgage-backed securities delinquency rate fell by 22 basis points to 2.10% in May, amid strong retail resolution volume and robust new issuance.
Inflation Still Too High for Consumers—and Fed
Inflation showed no signs of letup in May, the Bureau of Labor Statistics reported Friday, with analysts all but guaranteeing large interest rate hikes by the Federal Reserve this week and in the coming months.
The Week Ahead, June 13, 2022: The Fed Meets; MBA Spring Meetings Conclude; and 5 Other Things to Know
Good morning and happy Monday! We mark the start of another busy week. Here’s a rundown of what’s happening: