MBA CONVERGENCE presents the next in its Webinar Series, Mayors and Affordable Housing: Perspective from City Hall, on Thursday, Sept. 16 from 1:30-2:15 p.m. ET.
Category: News and Trends
FHA Announces Temporary Partial Waivers to HECM Policy
FHA on Thursday issued temporary partial waivers to its Home Equity Conversion Mortgage (HECM) policies. These waivers provide mortgagees with expanded flexibility to help senior homeowners with HECMs who are struggling financially due to COVID-19.
Home Prices Up 15% from Year Ago, But Taking Longer to Sell
Yet another report this week shows U.S. home prices with double-digit percentage annual home price gains, although not nearly as dramatic as earlier reports. And, said Redfin, Seattle, pending sales are slowing and homes are taking longer to sell—and sellers are taking notice by slashing their asking prices.
Initial Claims Swing Back Lower
Initial claims for unemployment insurance resumed their trend downward following last week’s unexpected burp, the Labor Department reported Thursday.
Real Estate Investment Trusts Poised For Recovery
S&P Global Ratings, New York, said real estate investment trust earnings rebounded significantly in the second quarter, demonstrating the sector is on the right path for a solid comeback.
Dealmaker: Harbor Group International, Cammeby’s Acquire $1B Multifamily Portfolio
Harbor Group International and Cammeby’s International Group acquired a 5,302-unit multifamily property portfolio for $1.05 billion.
Call for Speakers: MBA Servicing Solutions Conference & Expo 2022—Deadline Sept. 13
Speaking proposals are now being accepted for the Mortgage Bankers Association’s Servicing Solutions Conference & Expo 2022, taking place February 22-25 in Orlando, Fla.
Rita Moreno Keynotes mPower Luncheon at 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 Academy Award- and Presidential Medal of Freedom Award-winning actress Rita Moreno keynotes the mPower Luncheon on Tuesday, Oct. 19.
Quote
“The housing market has clearly become slightly more favorable to buyers. Homes are taking longer to sell, which gives buyers more time to make thoughtful decisions about whether to make offers.”
–Redfin Chief Economist Daryl Fairweather.
Administration Announces Steps to Increase Affordable Housing Supply
The Biden Administration on Wednesday announced a number of steps aimed at creating, preserving and selling to homeowners and non-profits nearly 100,000 additional affordable homes for homeowners and renters over the next three years, with an emphasis on the lower and middle segments of the market.