“Purchase activity also rebounded, even as supply constraints continue to slow the housing market. An almost 5 percent increase in government purchase applications drove most of last week’s gain while also tempering the recent growth in loan sizes. Purchase applications were still down 17 percent from a year ago, which was when the mortgage market started seeing large post-shutdown increases in activity.”
–Joel Kan, MBA Associate Vice President of Economic and Industry Forecasting.
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance decreased by 12 basis points to 4.04% of servicers’ portfolio volume as of June 6 from 4.16% the prior week–the 15th consecutive week of declines.
The Federal Housing Finance Agency issued a Request for Input on executive compensation at its regulated entities: Fannie Mae and Freddie Mac and the Federal Home Loan Banks.
One result of a strong housing market driven by low rates, high demand and supply constraints is a substantial increase in investor interest in single-family rental housing. MBA NewsLink interviewed Berkadia executives Hilary Provinse and Dori Nolan about the SFR landscape and the outlook for this burgeoning sector.
Arbor Realty Trust, Uniondale, N.Y., closed an $815 million commercial real estate mortgage loan securitization.
The Urban Land Institute, Washington, D.C., said the commercial real estate industry can shift to a decarbonized future by moving to all-electric buildings.
Commercial and multifamily mortgage debt outstanding rose by $44.6 billion or 1.1 percent in the first quarter, the Mortgage Bankers Association’s latest Commercial/Multifamily Mortgage Debt Outstanding report said.
Alliant Credit Union, Chicago, closed $68.4 million in financing for three multifamily properties in the Southeast and the West Coast.
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance decreased by 12 basis points to 4.04% of servicers’ portfolio volume as of June 6 from 4.16% the prior week–the 15th consecutive week of declines.
MISMO®, the real estate finance industry’s standards organization, launched an eMortgage Technology Certification program to assist lenders in identifying products that comply with industry standards.
