Apartment rents reverted to more normal rate in February even as occupancy held at record highs, reported RealPage, Richardson, Texas.
Category: News and Trends
Dealmaker: Newmark Completes $14M Office Sale in Burlington, Mass.
Newmark, New York, sold 328-330 Cambridge Street in Burlington, Mass., for $14.3 million.
Fannie Mae: Growing Number of Consumers Expect Rates, Home Prices to Rise Further
The Fannie Mae Home Purchase Sentiment Index increased by 3.5 points to 75.3 in February, but showed affordability constraints continue to drive consumers’ perception of the housing market.
Black Knight: Homeowners Tap Equity at 16-Year High
Black Knight, Jacksonville, Fla., said lenders originated a record 4.4 trillion in 2021, including a record $1.7 trillion in purchase loans.
MBA Awards More Than $134,000 in Path to Diversity Scholarships
The Mortgage Bankers Association awarded more than $134,000 in scholarships to 163 women and minorities under its Path to Diversity (P2D) Scholarship Program during fiscal year 2021.
Scott Roller: Mortgage Vendor News & Views, March 2022
In this ongoing article series, we report on mortgage and credit union vendor marketplace vendors, events and trends and share our viewpoints. Today’s article focuses on two vendors that have spent ample time meticulously building platforms and offerings for the servicing and secondary market conditions we are swiftly migrating toward.
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 Chart of the Week, Mar. 4, 2022: 10-Year U.S. Treasury Yields
Prior to Russia’s invasion, 10-Year Treasury yields broke higher — reaching 2.05% on February 15. Since then, they have fallen to as low as 1.72% but have rebounded somewhat, underscoring both the downside risk and volatility markets are facing.
MBA Advocacy Update: Mar. 7, 2022
President Joe Biden delivered his State of the Union address last week to a joint session of Congress, focusing heavily on the war in Ukraine and rising inflation. Federal Reserve Chair Jay Powell appeared before both chambers of Congress, signaling to lawmakers that the Fed will lift interest rates a quarter-percentage point later this month.
Quote
“As a part of MBA’s Home for All Pledge initiative, spearheaded by MBA 2022 Chair Kristy Fercho, one of the core commitments is championing DEI within an organization. The P2D Scholarship Program embodies the spirit of this initiative.”
–Amber Lawrence, MBA Associate Vice President of Diversity, Equity and Inclusion.