Loans in forbearance fell for the 17th straight week–and for the second straight week, remained below 4 percent–the Mortgage Bankers Association reported Monday.
Category: News and Trends
CFPB Issues Rules on Transition as Federal Foreclosure Protections Expire
The Consumer Financial Protection Bureau on Monday finalized amendments to federal mortgage servicing regulations in response to federal foreclosure moratoria phasing out later this summer.
Ginnie Mae to Add 40-Year Securitizations
Ginnie Mae announced creation of a new pool type to support securitization of modified loans with terms up to 40 years.
MBA RIHA Study: Older Homeowners, College-Educated Individuals More Likely to Leave Workforce After Job Loss
Older college-educated homeowners are two times more likely to leave the workforce after a job loss than renters, according to a new research report released Tuesday by the Mortgage Bankers Association’s Research Institute for Housing America.
CBRE: U.S. Needs 330M Square Feet of Distribution Space to Meet eCommerce Demand
CBRE, Dallas, estimated the U.S. will need an additional 330 million square feet of distribution space by 2025 just to handle projected increases in online ordering.
Dealmaker: CBRE Arranges $91M for San Diego Office Portfolio
CBRE, Dallas, arranged $91 million to refinance The Brookwood North San Diego Portfolio.
Mark P. Dangelo: aaS, the Building Blocks for an Uncertain Future, Part 3
Future market offerings and IT system delivery are being altered by the exponential expansion of granular, stackable aaS solutions. For industry leaders unaccustomed to using cross-industry building blocks and iterations of offerings, they will find declining profitability against rising industry disintermediation against their core products and services.
Authors Malcolm Gladwell, Brad Meltzer Keynote MBA Annual Convention & Expo
Registration for the Mortgage Bankers Association’s Annual Convention & Expo, taking place Oct. 17-20 at the San Diego Convention Center, is officially open. Join MBA in San Diego as New York Times best-selling authors Malcolm Gladwell and Brad Meltzer keynote General Sessions on Tuesday, Oct. 19.
MBA Advocacy Update June 28 2021
On Wednesday, President Biden replaced FHFA Director Mark Calabria with Sandra L. Thompson, naming her Acting Director effective immediately. On Thursday, President Biden announced his intention to nominate Julia Gordon as the next FHA Commissioner.
Quote
“The college-educated share of older Americans is rising, and degree holders have higher homeownership rates. Meanwhile, both an aging population and rising regional inequality in home prices will continue to dampen migration, potentially hurting demand for new mortgages in some areas.”
–Brian Asquith, Economist with the Upjohn Institute for Employment Research and author of a RIHA study on housing migration patterns among older American workers.