“[Private-label securities are] currently a small fraction of the market–just 3 percent. But it’s 3 percent of a $12 trillion market, so it’s still a lot.”
–Vanessa Purwin, Senior Director with S&P Global Ratings, speaking at the MISMO Fall Summit.

“[Private-label securities are] currently a small fraction of the market–just 3 percent. But it’s 3 percent of a $12 trillion market, so it’s still a lot.”
–Vanessa Purwin, Senior Director with S&P Global Ratings, speaking at the MISMO Fall Summit.
One in a recurring series about MBA CONVERGENCE, the Mortgage Bankers Association’s affordable housing initiative.
As the largest U.S. office market, New York provides a good case study of possible pandemic pressures on office demand, said Fitch Ratings, New York.
The Federal Reserve isn’t planning on raising key interest rates any time soon, but the trigger finger appears to be getting itchier.
Institutional Property Advisors, Ontario, Calif., brokered southern California office and multifamily property sales totaling $72.6 million
Existing home sales fell in August, the first decline in three months, the National Association of Realtors reported Wednesday.
Climate change triggered by global warming will continue at an unpredictable pace and will add stress to the complex system of allocating risks across housing and housing finance stakeholders, according to a new research report released Thursday by the Mortgage Bankers Association’s Research Institute for Housing America.
With the effects of the pandemic now stretching into a second year, many mortgage companies are beginning to feel the pressure to have employees return to the office. However, while returning may seem like the right move on the surface, it is important to consider the reasoning behind this decision and whether it is completely necessary.
“The biggest news out of this meeting was the change in FOMC projections, with most members now seeing a first interest rate hike in 2022, which is faster than many market participants had previously anticipated.”
–MBA Chief Economist Mike Fratantoni.
After laying low for a while, refinance applications came roaring back last week, while purchase applications reached their highest level since April, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending September 17.