New home sales tumbled by nearly 6 percent in May—and the report revised downward the previous three months’ statistics, HUD and the Census Bureau reported Wednesday.
Category: News and Trends
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“MBA recognizes and appreciates the impact of the Supreme Court’s decision in Collins v. Yellen as FHFA plays a critical role regulating entities that ensure liquid markets for single-family and multifamily mortgages. We expect President Biden will move quickly to appoint a successor, and we look forward to working collaboratively with the administration, FHFA and other stakeholders to ensure those markets function well for lenders and the American consumers they serve.”
–MBA President & CEO Robert Broeksmit, CMB.
Life Sciences Sector Activity Captivates Investors
Investor interest in life sciences real estate has jumped during the pandemic, sector analysts say.
Dealmaker: Regent Properties Acquires San Diego Office Portfolio for $420M
Regent Properties, Los Angeles, acquired four high-rise San Diego office buildings for $420 million.
MBA Weekly Applications Survey June 23, 2021: Apps Up Despite Rising Rates
Mortgage applications increased for the second straight week despite rising interest rates, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending June 18.
James Deitch, CMB: Evolutionary vs. Revolutionary in Mortgage Lending
When Jim Deitch, CEO of Teraverde, and Alex Kutsishin, CEO of Sales Boomerang, sat down to discuss business and development of Sales Boomerang, the conversation was sure to be vibrant.
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“MBA recognizes and appreciates the impact of the Supreme Court’s decision in Collins v. Yellen as FHFA plays a critical role regulating entities that ensure liquid markets for single-family and multifamily mortgages. We expect President Biden will move quickly to appoint a successor, and we look forward to working collaboratively with the administration, FHFA and other stakeholders to ensure those markets function well for lenders and the American consumers they serve.” –MBA President & CEO Robert Broeksmit, CMB.
Share of Mortgage Loans in Forbearance Falls Under 4%
The share of mortgage loans in forbearance fell for the 16th straight week and is now under 4 percent for the first time since onset of the coronavirus pandemic, the Mortgage Bankers Association reported Monday.
Paul Martin: The Time for Title Standards Is Now
Over the past several years, the hurdles to creating digital property transactions have been overcome with increasing speed. Between the rising adoption of the Mortgage Industry Standards Maintenance Organization (MISMO) SMART Docs and eNotes to remote online notarizations (RON), today’s housing industry finds itself standing on the precipice of a truly digital future.
Call for Speakers: MBA Annual Convention & Expo; Deadline July 16
Speaking proposals for breakout sessions are now being accepted for the Mortgage Bankers Association’s Annual Convention & Expo 2021, taking place October 17-20 at the San Diego Convention Center.