The Census Bureau last week released preliminary results from its 2020 Census, showing a United States in the midst of demographic transition.
Category: News and Trends
Industry Briefs Aug. 17, 2021
The Federal Housing Finance Agency released reports providing the results of the 2020 and 2021 annual stress tests Fannie Mae and Freddie Mac under the Dodd-Frank Act.
MBA Advocacy Update Aug. 16 2021
Early Wednesday morning, the Senate voted along party lines to adopt a $3.5 trillion budget resolution framework for fiscal year 2022, another step toward the crafting of the actual tax provisions – including a possible minimum book tax that would impact mortgage servicing rights values – that will offset the cost of President Joe Biden’s broad infrastructure package.
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“Many homeowners are nearing the end of their forbearance terms. The forbearance share declined for all investor and servicer categories. New forbearance requests picked up slightly this week, particularly for Ginnie Mae loans, but overall trends remain positive. Incoming data continues to support our forecast of an improving job market in the months ahead.”
–Mike Fratantoni, MBA Senior Vice President and Chief Economist.
People in the News August 17 2021
The Greater Omaha Chamber of Commerce will induct former Mortgage Bankers Association Chairman Rodrigo López, CMB, into its Omaha Business Hall of Fame at a ceremony later this month.
MBA Chart of the Week Aug. 16 2021–Aggregate Back Rent Owed
This week’s MBA Chart of the Week zeroes in on households who missed rental payments in June. The chart plots a) the distribution of those households by the number of payments they have missed since the onset of the pandemic; and b) an estimate of the aggregate dollar volume of back rent owed by those households.
Rida Sharaf: Ready…Set… Go! The Mortgage Industry’s Upcoming Obstacle Course
As yet another extension of the nationwide pandemic eviction and foreclosure restrictions is put in place (at least for federally back mortgages), the mortgage industry is bracing for formidable challenges on a number of fronts.
MBA Recognizes Premier Members
MBA is proud to recognize its Premier and Select Associate Members and to thank them for their continued support of MBA and the real estate finance industry.
Mark P. Dangelo: The Dark Matter Transforming M&A Post-Deal Landscapes, Part 2
M&A events in the Age of Industry 4.0 have moved beyond scale and into the digital clarity achieved by the combination of firms using curated data necessary to profit from vast ecosystems of financial products and services across channels and consumers. Financial and private equity firms that target and conduct due diligence solely on financial engineering will become footnotes in history.
MBA CONVERGENCE Partner Profile: Sarah Garland of CBRE
Sarah Garland is Director of Production for Affordable Housing and FHA Lending with CBRE, Seattle, responsible for supporting the origination of affordable and workforce housing debt financing.