The Mortgage Bankers Association on Monday announced a policy initiative, Building Generational Wealth Through Homeownership, aimed at providing industry leadership and direction for reducing the racial homeownership gap, developing and supporting policies that support sustainable homeownership for communities of color and promoting fair, equitable and responsible lending for minority borrowers.
Category: News and Trends
MBA CONVERGENCE Partner Profile: David Dworkin, National Housing Conference
One in a recurring series about MBA CONVERGENCE, the Mortgage Bankers Association’s affordable housing initiative.
State of Construction Finance: An Interview with Rabbet CEO Will Mitchell
Rabbet, Austin, Texas, a service provider to lenders and developers engaged in construction recently released its 2021 State of Construction Finance report. MBA Newslink interviewed Rabbet CEO Will Mitchell to get a sense of what’s happening in the world of construction.
Andrew Peters and Sonny Abbasi of Lenderworks: Growing Your Business and Staying Compliant in a Changing Landscape
The likelihood of more aggressive federal enforcement is of special concern to smaller, growing mortgage lenders.
MBA Weekly Applications Survey Sept. 15, 2021: Refis Rebound; Purchase Applications Highest in 5 Months
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.
Single-Family Rent Growth Reaches Another Record
CoreLogic, Irvine, Calif., said single-family rent growth reached 8.5 percent year-over-year in July, up from a 7.5 percent year-over-year rate in June
Housing Starts Post Solid August Increase
Home builders liked what they saw in August—HUD and the Census Bureau said August housing starts rose by nearly 4 percent from July, almost entirely by multifamily activity, and by more than 17 percent from a year ago.
Dealmaker: Google to Acquire New York Office for $2.1B
Google announced it will purchase St. John’s Terminal in Manhattan for $2.1 billion.
Mark P. Dangelo: The Dark Matter Transforming M&A Post-Deal Landscapes, Part 3
Data is the “dark matter” of M&A events. Data is made even more important with widespread digital transformations of processes, predictive analytics, and advanced machine learning. During an M&A event, the cascading challenges to leverage these siloed data innovations across Industry 4.0 ecosystems requires a framework that moves beyond the prescriptive, one-size-fits-all strategy.
MBA: August New Home Applications Up 9% From July, Down 17% from Year Ago
The Mortgage Bankers Association’s latest Builder Applications Survey reported mortgage applications for new home purchases increased by 9 percent in August from July but decreased by 17 percent from a year ago.