MBA Seeks Participants in New Diversity, Equity and Inclusion Study

The Mortgage Bankers Association introduces a new offering to its members — the Diversity, Equity and Inclusion (DEI) Study — separately designed and compiled for both the residential and commercial/multifamily sides of the real estate finance industry.

FHA Announces Temporary Partial Waivers to HECM Policy

FHA on Thursday issued temporary partial waivers to its Home Equity Conversion Mortgage (HECM) policies. These waivers provide mortgagees with expanded flexibility to help senior homeowners with HECMs who are struggling financially due to COVID-19.

Home Prices Up 15% from Year Ago, But Taking Longer to Sell

Yet another report this week shows U.S. home prices with double-digit percentage annual home price gains, although not nearly as dramatic as earlier reports. And, said Redfin, Seattle, pending sales are slowing and homes are taking longer to sell—and sellers are taking notice by slashing their asking prices.

Initial Claims Swing Back Lower

Initial claims for unemployment insurance resumed their trend downward following last week’s unexpected burp, the Labor Department reported Thursday.

Real Estate Investment Trusts Poised For Recovery

S&P Global Ratings, New York, said real estate investment trust earnings rebounded significantly in the second quarter, demonstrating the sector is on the right path for a solid comeback.