“Purchase applications were 14 percent lower than last year, with more activity in the larger loan sizes. Demand is high at the upper end of the market, and supply and affordability challenges are not as detrimental to these borrowers as they are to first-time buyers.”
–Joel Kan, MBA Associate Vice President of Economic and Industry Forecasting.
On Wednesday, the Senate voted 49-46 to confirm Sandra Thompson as the Director of FHFA. On Tuesday, MBA sent a letter to the chairs and ranking members of the House and Senate Appropriations Committees, highlighting MBA’s views on the real estate finance industry’s priorities within the T-HUD appropriations bills for FY 2023.
Commercial and multifamily mortgage delinquencies declined in the first quarter, the Mortgage Bankers Association reported Tuesday in its Commercial/Multifamily Delinquency Report.
Dan Ticona leads the Housing Solutions team within the Single-Family Client and Community Engagement division at Freddie Mac, McLean, Va., focused on developing innovative solutions to reduce barriers to homeownership.
MBA last week released its latest Quarterly Performance Report for the first quarter. In this week’s Chart of the Week, we show production revenues compared to production expenses from first quarter 2018 to first quarter 2022.
(One in a series of profiles of MBA member companies that have signed the MBA Home For All Pledge, an initiative to promote inclusion in housing.)
Tom Lamalfa is a 44-year veteran of mortgage market research, whose focus in recent years has been on federal housing policy. He is president of TSL Consulting, Cleveland Heights, Ohio. His semi-annual reports on the housing and mortgage finance industries appear regularly in MBA NewsLink.
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.
The latest Summit LLC Podcast, Complexity Simplified, features MISMO President Seth Appleton and Summit Director Josh Goldberg in a wide-ranging discussion on Ginnie Mae, securitization and issues relevant to the Bipartisan Policy Center’s Housing Council.
Okay, all you holders of residential and commercial real estate along the Atlantic coast and the Gulf of Mexico: brace yourself for another potential summer of sandbags and insurance claims.
