Mortgage interest rates fell for the first time in four weeks, sparking an uptick in refinance activity, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending December 3.
Category: News and Trends
CoreLogic: Annual Home Price Growth at Record 18%
CoreLogic, Irvine, Calif., said annual home price growth remained strong at 18% in October, the highest recorded in the 45-year history of its monthly Home Price Index.
Commercial Property Price Growth Breaks Records as Demand Swells
U.S. commercial property price growth reached its fastest annual rate in years this fall amid intense investor demand for commercial real estate, Real Capital Analytics reported.
Shekar Narasimhan, CMB, of Beekman Advisors on the State of Commercial/Multifamily
As the commercial/multifamily industry reemerges from the pandemic, MBA Newslink interviewed former Mortgage Bankers Association Board of Directors member and first Chair of MBA’s Commercial/Multifamily Board of Governors, Shekar Narasimhan, CMB.
MBA, Trade Groups Ask House Approval of Bill Addressing LIBOR ‘Tough Legacy’ Contracts
The Mortgage Bankers Association and nearly two dozen industry trade groups asked House leaders to secure approval of legislation that would address “tough legacy” contract that currently reference the soon-to-be-obsolete London InterBank Offered Rate.
Dealmaker: Largo Capital Arranges $33M for Industrial Assets
Largo Capital, Getzville, N.Y. arranged $32.8 million for industrial properties in New York, Connecticut and New Jersey.
Industry Briefs Dec. 8, 2021: Agencies Announce Dollar Thresholds for Exempt Consumer Credit/Lease Transactions
The Federal Reserve Board and the Consumer Financial Protection Bureau announced the dollar thresholds used to determine whether certain consumer credit and lease transactions in 2022 are exempt from Regulation Z (Truth in Lending) and Regulation M (Consumer Leasing).
MISMO Winter Summit 2022 in Clearwater, Fla. Jan. 10-13
The MISMO Winter Summit takes place Jan. 10-13 at the Hyatt Regency Clearwater Resort and Spa.
RIHA: More Renters, Fewer Homeowners Missed Housing Payments in September, October
Renters were three times more likely than homeowners to miss payments during September and October, according to updated research released Tuesday by the Mortgage Bankers Association’s Research Institute for Housing America.
Quote
“MBA appreciates HUD’s clarification around the application of the Fair Housing Act to ECOA Special Purpose Credit Programs. SPCPs exist to help low-income and historically disadvantaged borrowers, and this clarification is an important step in providing lenders additional tools to help these borrowers purchase a home.”
–Mortgage Bankers Association President & CEO Robert Broeksmit, CMB.