On March 24, MBA released its inaugural, monthly Purchase Applications Payment Index (PAPI) – an affordability index that measures how new fixed-rate 30-year purchase mortgage payments vary across time relative to income.
Category: News and Trends
MBA Launches All-New MBA.org
The Mortgage Bankers Association has a new, improved website.
The MBA Home for All Pledge
The MBA Home for All Pledge represents our industry’s long-term commitment on a sustained and holistic approach to address racial inequities in housing.
Jack Huntress of HomeBinder: Equity Building is Key to Homeowners’ Hearts
In response to their dwindling refinance volume, mortgage lenders have begun recalibrating their outreach strategies to capture the shift toward purchase and home-equity demand. In this market, lenders with a finely tuned formula for nurturing repeat customers will succeed where others flounder.
Mark P. Dangelo: Digital Transformation’s Hidden and Growing Corporate Liabilities
Digital transformation efforts are institutionalizing risks. While the past decade concentrated on understanding and leveraging “big data”, the next frontier of regulatory compliance and customer advocacy resides beyond the original digitized data—digital inferences and their (automated) conclusions.
Sens. Sherrod Brown, John Thune, Rep. Tom Emmer Keynote MBA National Advocacy Conference in Washington Apr. 26-27
The Mortgage Bankers Association’s annual National Advocacy Conference takes place Apr. 26-27 at the Renaissance Downtown Hotel in Washington, D.C.
MBA Advocacy Update Apr. 4, 2022
On Monday, the Biden administration released the top-line framework for the Fiscal Year 2023 budget proposal. On Tuesday, the House Financial Services Committee held a hearing on appraisal reform. And on Wednesday, the FDIC released a request for comment on draft principles for safe and sound management of exposures to climate-related financial risk for financial institutions with more than $100 billion in total assets.
Senior Housing Sector Shows Signs of Rebound Amid Renewed Investor Interest
The JLL Valuation Advisory group’s fifth annual Seniors Housing Investor Survey and Outlook also reported investors are bullish on the seniors housing and care sector as a result of the projected “silver tsunami” of retired Baby Boomers and expected subsequent supply shortage.
Dealmaker: Sonnenblick-Eichner Arranges $276 Million for L.A. Chargers Facility
Sonnenblick-Eichner Co., Beverly Hills, Calif., arranged $276 million in construction and permanent financing for a new corporate headquarters and training facility to be leased to the Los Angeles Chargers football team.
FHA Proposes 40-Year Loan Modification Rule
The Federal Housing Administration on Friday published a proposed rule that would increase the maximum modification loan term limit from 360 months (30 years) to 480 months (40 years).