The COVID-19 pandemic presents residential mortgage lenders with an opportunity to expand their role in a critically needed area of community development – advancing affordable homeownership.
Category: News and Trends
2021 Commercial Property Prices Increase Nearly 25%
Green Street, Newport Beach, Calif., said its commercial property price index increased 24 percent in 2021 with robust price appreciation occurring in virtually every corner of the CRE market.
December Mortgage Credit Availability Hits 8-Month High
Mortgage credit availability reached its highest level in eight months, the Mortgage Bankers Association reported Tuesday.
Dealmaker: Eastern Union Closes $126M in Multifamily, Single-Family Rental Deals
Eastern Union, New York, arranged $126 million for multifamily and single-family rental assets in Georgia and Maryland.
Black Knight: Origination Activity Slows for 4th Straight Month
Black Knight, Jacksonville, Fla., said origination activity fell for the fourth straight month in December, with rate lock volume falling to its lowest level in two years.
People in the News Jan. 11, 2022: Thomas Yoon Named CEO of Excelerate Capital
Castle Mortgage Corp., Newport Beach, Calif., doing business as Excelerate Capital, promoted Thomas Yoon to CEO; he will now serve as CEO and President. Mike Thompson will continue as Board Chairman.
MISMO Names 2022 Board of Directors
MISMO®, the real estate finance industry’s standards organization, announced its 2022 Board of Directors.
Sign the MBA Home for All Pledge
The Home for All Pledge represents our industry’s long-term commitment on a sustained and holistic approach to address racial inequities in housing.
MBA Advocacy Update Jan. 10, 2022
On Wednesday, the Federal Housing Finance Agency announced it directed the GSEs to increase upfront fees for high-balance conforming and second-home loans. Also last week, FHFA determined that the revised Duty to Serve Proposed Underserved Markets Plans for 2022-2024 submitted by the GSEs did not meet the non-objection standard for any of the three underserved markets.
Quote
“Credit supply increased in December, with growth across both conventional and government segments of the market. December’s growth was driven by more ARM and lower credit score loan programs, which was likely due to a combination of the rising rate environment and affordability challenges.”
–Joel Kan, MBA Associate Vice President of Economic and Industry Forecasting.