The Mortgage Bankers Association sent a letter of support this week To Sen. Tim Scott, R-S.C., who introduced a bill would prevent the Internal Revenue Service and the Treasury Department from imposing unusual reporting requirements on financial services providers to track and submit customer account information.
Category: News and Trends
ULI Survey Finds Continued Commercial Real Estate Optimism
Most commercial real estate indicators should return to pre-pandemic levels by 2023, the Urban Land Institute said in its latest semiannual survey.
Industry Briefs Oct. 29, 2021
The Consumer Financial Protection Bureau and the Department of Justice, in cooperation with the Office of the Comptroller of the Currency, alleged Trustmark National Bank of Jackson, Miss., engaged in redlining against Black and Hispanic neighborhoods in Memphis, Tenn.
Unemployment Claims Edge Closer to Pre-Pandemic Levels
Initial claims for unemployment insurance fell to a new post-pandemic low last week, the Labor Department said, edging closer to pre-pandemic levels.
Supply Chain Issues Show Up in 3Q Gross Domestic Product
We’ve been hearing a lot of news lately about the U.S. economy being hamstrung by supply chain issues. On Thursday, the Bureau of Economic Analysis appeared to quantify those issues.
September Pending Home Sales Dip 2.3%
Pending home sales fell back in September after improving in August, the National Association of Realtors reported Thursday. Each of the four major U.S. regions saw contract activity decline month-over-month and year-over-year, with the Northeast seeing the largest yearly drop.
FHFA Proposed Rulemaking Adds Public Disclosure Requirements for GSE Regulatory Capital Framework
The Federal Housing Finance Agency this week issued a notice of proposed rulemaking that would introduce additional public disclosure requirements to the Enterprise Regulatory Capital Framework for Fannie Mae and Freddie Mac.
Dealmaker: Hall Structured Finance Closes $74M for Hotel, Multifamily Assets
Hall Structured Finance, Dallas, closed $74.1 million in bridge and construction financing for assets in Oregon and Colorado.
MBA Announces 2022 Affordable Homeownership Advisory Council
The Mortgage Bankers Association announced members of its 2022 Affordable Homeownership Advisory Council.
Quote
“Consumers are willing and able to spend, but the goods are just not available. That description certainly includes the housing market, as residential investment declined again for the quarter, a witness to builders’ ongoing struggles to obtain key construction inputs.”
–MBA Chief Economist Mike Fratantoni.