MBA Advocacy Update Nov. 22, 2021

On Friday, the House passed the most current version of President Biden’s Build Back Better Act legislation, largely along party lines. On Monday, HUD published its Annual Report to Congress on the financial status of the FHA’s MMI Fund. And on Wednesday, HUD released Mortgagee Letter 2021-27, which provides details regarding Fair Housing Act compliance with respect to FHA appraisals.

Housing Market Roundup Nov. 22, 2021

Here’s a summary of some of the latest housing and economic reports that have come across the MBA NewsLink desk:

Q3 Fraud Risk Index Falls by 4.6%

CoreLogic, Irvine, Calif., said its National Mortgage Application Fraud Risk Index decreased by 4.6% in the third quarter, from 132 in the second quarter and from 126 a year ago.

JLL: Value-Add Office Back in Favor

Many office investors focused on core office properties during the pandemic, but value-add liquidity is quickly recovering as clarity surrounding rent growth and the future of office demand improve, said JLL, Chicago.

Keeping Current With Midland Loan Services’ David Harrison

David Harrison is Chief Operating Officer with Midland Loan Services, Overland Park, Kan. He has a broad background in commercial real estate, including capital markets, asset management, underwriting, workouts, business development and client relations.