The Mortgage Bankers Association’s Single-Family Research and Economics Showcase takes place online June 22-23.
Category: News and Trends
MBA: Mortgage Delinquencies Decrease in First Quarter
The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 4.11 percent of all loans outstanding at the first quarter’s close, the Mortgage Bankers Association’s National Delinquency Survey reported.
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“The mortgage delinquency rate dropped for the seventh consecutive quarter, reaching its lowest level since the fourth quarter of 2019. The decrease in delinquency rates was apparent across all loan types, and especially for FHA loans.”
–Marina Walsh, CMB, MBA Vice President of Industry Analysis.
MBA Single-Family Research and Economics Showcase June 22-23
The Mortgage Bankers Association’s Single-Family Research and Economics Showcase takes place online June 22-23.
MBA Secondary & Capital Markets Conference & Expo in NYC May 15-18
The Mortgage Bankers Association’s Secondary & Capital Markets Conference & Expo returns to the Marriott Marquis in Times Square, New York City, from May 15-18.
Federal Reserve Raises Interest Rates 50 Basis Points
The Federal Reserve raised its target range for the federal funds rate by 50 basis points–the largest increase since 2000–on Wednesday.
Rising Inflation Impacting Non-Prime Borrowers Most
As rapidly rising gasoline, energy and utility prices drive inflation, non-prime borrowers with the riskiest credit profiles have generally experienced the greatest impact to their wallets, reported TransUnion, Chicago.
Sun Belt Housing Hotspots See the Highest Inflation
Some hot migration destinations for homebuyers including Phoenix, Tampa and Atlanta have the highest inflation rates in the U.S., reported Redfin, Seattle.
CBRE: Most Companies Anticipate ‘Reshaping’ Their Offices for Hybrid Work
CBRE, Dallas, said most office-using companies are developing long-term plans to expand or contract their office space now that employees are returning at least part-time after two years of mostly remote work.
Dealmaker: Bellwether Enterprise Closes $108M in California
Bellwether Enterprise Real Estate Capital LLC, Cleveland, closed a $108 million refinancing of nine Class A multifamily buildings totaling 400 units in Los Angeles.